Analysis-Complex web of creditors, politics threatens Sri Lanka restructuring
LONDON (Reuters) – Social unrest, political uncertainty and a complex web of creditors could scupper Sri Lanka’s push for aContinue Reading
Category: Business Briefing
Food, fuel price shocks from Ukraine war to last at least 3 years, World Bank says
LONDON (Reuters) – Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until atContinue Reading
Trump says he won’t return to Twitter if account reinstated after Musk takeover
WASHINGTON – Former U.S. President Donald Trump said on Monday that he will not return to social media platform TwitterContinue Reading
Sri Lanka stock exchange halts again after 13% plunge
Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13 percent plunge, derailing the bourse’s tentative reopening afterContinue Reading
Indian Finance Minister Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag
Sri Lanka could be given temporary classification as a lower-income country — from the current middle-income status — to helpContinue Reading
Sri Lanka’s economic crisis dashes hopes for post COVID-19 tourism recovery
GALLE – With its ancient fort and sandy beaches, the city of Galle on Sri Lanka’s southern coast should beContinue Reading
Sri Lanka to receive $300 million to $600 million over next 4 months from World Bank help to face economic crisis- Finance Minister
COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over theContinue Reading
Cash-strapped Sri Lanka hit by record inflation
Crisis-hit Sri Lanka’s inflation hit a record high for the sixth consecutive month, official data showed on Friday as theContinue Reading
Sri Lanka completes payment for Russian coal cargoes, easing power crisis
COLOMBO- Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, twoContinue Reading
WATCH -Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt says its Fin. Minister
Bloomberg – Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt, accordingContinue Reading
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