IMF says Sri Lanka talks conclude May 24, monitoring developments closely
(Reuters) – An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potentialContinue Reading
Category: Business Briefing
Sri Lanka Enters Default for the first time in its history and Warns Inflation May Surge to 40%
(Bloomberg) — Sri Lanka fell into default for the first time in its history as the government struggles to haltContinue Reading
Pakistan opens talks with IMF seeking more cash to aid economy
ISLAMABAD (Reuters) – Pakistan opened long-delayed talks with the International Monetary Fund on Wednesday, seeking the release of more fundsContinue Reading
Sri Lanka to default on debt today, no money for fuel, minister says
COLOMBO (Reuters) – Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-paymentContinue Reading
Sri Lanka P.M. proposes privatizing national airline amid crisis; country’s financial health is so poor government forced to print money to pay salaries of government workers
COLOMBO, Sri Lanka (AP) — Sri Lanka’s new prime minister on Monday proposed privatizing the country’s loss-making national airline asContinue Reading
If I die under mysterious circumstances, it’s been nice knowin’ ya’: Elon Musk claims he’s being threatened by Russians after he provided internet to Ukraine
Musk, 50, has been using Starlink, a constellation of more than 2,000 satellites in low Earth orbit, beaming internet connectionsContinue Reading
Rising interest rates in US will hinder foreign economies including Sri Lanka
WASHINGTON (AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stopContinue Reading
Sri Lanka foreign reserves at record low, politics in crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s economy is in dire straits with its usable foreign reserves down to lessContinue Reading
Sri Lanka crisis will last at least two more years: govt
Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country’s finance ministerContinue Reading
Sri Lanka tea exports lowest in 23 years
Crisis-struck Sri Lanka’s vital tea exports have dropped to their lowest level in 23 years, official figures showed Wednesday, hitContinue Reading
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