Analysis-Shocks and missteps: how Sri Lanka’s economy ended in crisis
COLOMBO (Reuters) – In late November 2019, after winning Sri Lanka’s presidential election and months ahead of a parliamentary ballotContinue Reading
Category: Business Briefing
Sri Lanka shares slump amid nationwide powercuts, worsening economic crisis
Feb 23 (Reuters) – Sri Lankan shares plunged nearly 7% on Wednesday as fuel shortage-induced countrywide power outages spooked investorsContinue Reading
Sri Lanka pays $35 million for 40,000 T diesel shipment while imposing rolling power cuts
COLOMBO – Sri Lanka has paid $35.3 million for a 40,000 tonne diesel shipment, an energy ministry official said onContinue Reading
Sri Lanka says open to talks with IMF as economic situation worsens
COLOMBO- Sri Lanka is open to discussions with the International Monetary Fund (IMF) and other multilateral lenders for assistance, aContinue Reading
Donald’s Trump’s Truth Social social app tops downloads on Apple App Store, many users waitlisted
KEY POINTS Donald Trump’s new social media venture, Truth Social, launched late on Sunday in Apple’s App Store. The appContinue Reading
IMF says Sri Lanka has not sought its financial assistance
WASHINGTON, Feb 10 (Reuters) – Sri Lanka has not sought financial assistance from the International Monetary Fund, which stands readyContinue Reading
IMF Says It Is ‘Ready’ To Help Sri Lanka – If Asked
(AFP)-The International Monetary Fund is ready to discuss “options” with Sri Lanka if the government asks for financial support, itsContinue Reading
Facebook loses users for the first time EVER: Shares plummet 20%, wiping $200BN off value of parent-firm Meta
KEY POINTS Shares of Facebook parent Meta plunged Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter.Continue Reading
Sri Lanka gets urgent $500m Indian loan to pay for oil
(AFP)-Sri Lanka was handed temporary relief from energy shortages and rolling blackouts on Wednesday with a $500 million loan fromContinue Reading
UAE to impose federal corporate tax for the first time
DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced Monday it is introducing for the first time aContinue Reading
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