Maldives Plans $8.8 Billion Financial Hub Backed by Qatari Royal
(AFP)-Cash-strapped Maldives has signed a deal with a Dubai-based company to establish an $8.8 billion investment zone aimed at diversifyingContinue Reading
Category: Business Briefing
Sri Lanka’s economy to grow 3.5% in 2025 despite US tariff headwinds, World Bank says
COLOMBO (Reuters) – Sri Lanka is on track to post growth of 3.5% this year, the World Bank said inContinue Reading
IMF says discussions to continue with Sri Lanka on fourth review
COLOMBO, April 11 (Reuters) – The International Monetary Fund said on Friday that discussions with Sri Lanka will continue onContinue Reading
India, UAE to develop Sri Lanka energy hub as Delhi competes with China for influence
COLOMBO/NEW DELHI (Reuters) – India and the United Arab Emirates agreed to develop an energy hub in Sri Lanka, India’sContinue Reading
Trump tariff shock stings Bangladesh, Sri Lanka garment giants, may help India
DHAKA/COLOMBO/MUMBAI (Reuters) – Bangladeshi garment exporter Shahidullah Azim woke up on Thursday to the shock of U.S. President Donald TrumpContinue Reading
Sri Lanka’s Wickremesinghe Blames Govt for Adani Project Failure
Colombo, Mar 24 (PTI) Sri Lanka’s former president Ranil Wickremesinghe has criticised President Anura Kumara Dissanayake-led government for failing toContinue Reading
Sri Lanka’s economy grew 5% in 2024 in strong rebound from financial crisis
(Reuters) -Sri Lanka’s economy grew 5% last year, official data showed on Tuesday, beating forecasts, and marking a strong reboundContinue Reading
Sri Lanka ‘welcomes’ investment opportunities from Adani, says official
COLOMBO (Reuters) – Sri Lanka has not changed its stance on doing business with India’s Adani Group and welcomes investmentContinue Reading
IMF chief says Sri Lanka stabilised, pledges more help
COLOMBO (AFP) IMF chief Kristalina Georgieva pledged to support Sri Lanka’s economic recovery, praising the cash-strapped nation’s “remarkable turnaround” during onlineContinue Reading
Sri Lanka signs $2.5b debt deal with Japan
(AFP)-Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateralContinue Reading
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