Forex reserves declining in Nepal: Is the Himalayan kingdom going south the Sri Lanka way?
Nepal’s economy seems to be heading south, the Sri Lankan way. The country is facing an economic crisis that hasContinue Reading
Category: Business Briefing
Sri Lanka doubles interest rates to tame inflation; stabilise economy
COLOMBO (Reuters) -Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basisContinue Reading
Sri Lanka Industry Says 2022 Exports Could Tumble 20%-30% on Economic Crisis
COLOMBO (Reuters) – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and servicesContinue Reading
Sri Lanka reserves drop to $1.93B in March, $8.6B due in payments this year
Sri Lanka’s foreign exchange reserves dropped 16.1 per cent to $1.93 billion in March from a month earlier, the centralContinue Reading
Sri Lanka crisis sends inflation warning worldwide
MUMBAI, April 4 (Reuters Breakingviews) – Sri Lanka’s collapse is front of mind for many. Protesters fed up with crippling shortagesContinue Reading
Sri Lankan security forces deployed in Colombo after night of violence
COLOMBO (AFP)- Security forces were deployed across Sri Lanka’s commercial capital on Friday (Apr 1) after protesters tried to storm the president’sContinue Reading
Sri Lanka to turn off street lights in deepening economic crisis; protests erupt near President’s House
Summary Street lights to be turned off, trading hours shortened Government unable to pay for fuel imports Crisis induced byContinue Reading
IMF to start talks with Sri Lanka on loan request in coming days
WASHINGTON (Reuters) – The International Monetary Fund will initiate discussions with Sri Lankan authorities on a possible loan program inContinue Reading
Power cuts in Sri Lanka could continue into May – minister
COLOMBO, March 31 (Reuters) – Sri Lanka’s power minister said on Thursday that power cuts could continue into May, asContinue Reading
Sri Lanka runs out of diesel, faces longest-ever blackout
(AFP)-Diesel was no longer on sale across Sri Lanka on Thursday, crippling transport as the crisis-hit country’s 22 million peopleContinue Reading
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