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
Category: Business Briefing
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
SL central bank predicts 1% GDP growth for 2022, per capita GDP decline to $3,041
Colombo, May 1 (IANS) Sri Lanka’s real gross domestic product (GDP) growth for 2022 is projected at 1 per centContinue Reading
Crisis-hit Sri Lanka says IMF bailout three months away
An International Monetary Fund bailout package for crisis-hit Sri Lanka could take up to three months to arrive, the country’sContinue Reading
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
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