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
Category: Business Briefing
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
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
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