IMF’s executive board approves third review of Sri Lanka’s $2.9 billion bailout
COLOMBO (Reuters) – The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on Friday,Continue Reading
Category: Business Briefing
Sri Lanka’s budget likely to lead to slower fiscal consolidation, says Moody’s
COLOMBO (Reuters/AFP) – Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscalContinue Reading
Sri Lanka’s New President Presents First Budget With Focus on Crisis Recovery
COLOMBO (Reuters) – Sri Lanka’s new President Anura Kumara Dissanayake will outline the government’s revenue and policy goals in hisContinue Reading
Sri Lanka says talks on with Adani Group to lower wind power purchase cost
COLOMBO, Jan 28 (Reuters) – The Sri Lankan government has started talks with India’s Adani Group to lower the costContinue Reading
Sri Lanka agrees with China’s Sinopec to fast-track $3.7 billion refinery
COLOMBO (Reuters) -Sri Lanka’s foreign minister said on Wednesday that the South Asian island nation had signed an agreement withContinue Reading
The leader of Sri Lanka navigates the China-India rivalry on a visit to Beijing
BEIJING (AP) — Sri Lanka and China signed a series of cooperation agreements on Wednesday following talks between their leaders,Continue Reading
Sri Lanka Central bank to focus on stronger crisis recovery in 2025
COLOMBO (Reuters) – Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growthContinue Reading
Meta announces ending fact-checking program in the US
(AFP)-Social media giant Meta announced Tuesday a significant rollback of its content moderation policies, including the termination of its third-partyContinue Reading
Moody’s raises Sri Lanka’s rating after debt overhaul approval
Dec 23 (Reuters) – Credit ratings agency Moody’s on Monday raised Sri Lanka’s long-term foreign currency issuer rating to ‘Caa1’Continue Reading
Fitch raises Sri Lanka rating to CCC+ after creditor nod to $12.55 billion debt overhaul
(Reuters) – Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’Continue Reading
MDW Live! News Network 