Sri Lanka will need $5 bln in next six months for essentials -prime minister
COLOMBO, June 7 (Reuters) – Sri Lanka’s cash-strapped government will need at least $5 billion in the next six monthsContinue Reading
Category: Business Briefing
Sri Lanka Can’t Use $1.5 Billion China Swap on IMF Concerns
(Bloomberg) — Bankrupt Sri Lanka can’t tap a $1.5 billion credit line from China as the Chinese are concerned theContinue Reading
Sri Lanka seeking $3 Billion under IMF Extended Fund Facility – sources
COLOMBO/LONDON, June 1 (Reuters) – Sri Lanka is in talks with the International Monetary Fund (IMF) to borrow at least $3 billionContinue Reading
Crisis-hit Sri Lanka Hikes Tax Rates To Maximise Govt Revenues as Inflation Hits a Record 39% in May
Sri Lanka’s cash-strapped government on Tuesday announced a taxation overhaul to boost revenue amid the country’s crippling economic crisis, hikingContinue Reading
Sri Lanka appeals for farmers to plant more rice as food shortage looms
COLOMBO, May 31 (Reuters) – Sri Lanka wants farmers to plant more rice as part of plans to avert aContinue Reading
IMF says good progress made studying Sri Lanka economy situation; Lending would require adequate debt assurances, fund says
(BLOOMBERG)-THE International Monetary Fund (IMF) said it made “good progress” in analysing Sri Lanka’s economic situation and identifying policy priorities, while cautioningContinue Reading
Exclusive-Sri Lanka’s prime minister says will slash expenditure in new budget; to appoint a new Finance minister Wednesday
COLOMBO (Reuters) – Sri Lanka’s new Prime Minister Ranil Wickremesinghe said on Tuesday he will present an interim budget withinContinue Reading
Sri Lanka increases fuel prices as it seeks to rein in crisis; price increases likely to flow through to food and other goods
COLOMBO (Reuters) – Sri Lanka increased fuel and transport prices on Tuesday, a long-flagged move to combat its debilitating economicContinue Reading
Exclusive-Sri Lanka picks Lazard, Clifford Chance as advisers for overseas debt restructuring – Reuters
COLOMBO/LONDON :-Sri Lanka hired Lazard and Clifford Chance as financial and legal advisers respectively to represent the government in talksContinue Reading
Long fuel queues persist in Sri Lanka despite scramble to deliver supplies
COLOMBO (Reuters) – Long queues snaked around gas stations in Sri Lanka’s commercial capital and its outskirts on Monday evenContinue Reading
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