Sri Lanka to tax car crashes in drastic austerity budget as country faces a major foreign exchange crisis
(AFP) -Sri Lanka slapped a tax on road accidents in a drastic austerity budget unveiled Friday as the country facesContinue Reading
Category: Business Briefing
Moody’s cuts Sri Lanka’s debt rating to ‘Caa2’ from ‘Caa1’; govt says action ill-timed
MUMBAI, Oct 28 (Reuters) – Rating agency Moody’s downgraded Sri Lanka’s debt rating to ‘Caa2’ from ‘Caa1’ on Thursday sayingContinue Reading
Sri Lanka reverses organic farming drive as tea suffers
(AFP)- Sri Lanka on Tuesday backed down from ambitious plans to become the world’s first completely organic farming nation, reversingContinue Reading
Sri Lanka imports chemical fertiliser despite ban
(AFP)-Sri Lanka’s government breached its own ban on chemical fertilisers by importing potassium chloride this week, scientists said Friday, afterContinue Reading
Sri Lanka allows sharp rise in food prices to ease shortages
(AFP)-The Sri Lankan government on Friday ended price controls on essential foods in a bid to end black market tradingContinue Reading
Sri Lanka Central Bank unveils six-month plan to stabilise economy
COLOMBO, Oct 1 (Reuters) – Sri Lanka’s central bank governor unveiled on Friday a six-month roadmap for putting the economyContinue Reading
Sri Lanka raids sugar stocks as food shortages bite
Colombo (AFP) Sri Lankan government officials on Wednesday raided private warehouses to seize thousands of tonnes of sugar, a dayContinue Reading
S&P cuts Sri Lanka CCC+ sovereign rating outlook to negative on default worries
LONDON, Aug 27 (Reuters) – S&P Global cut Sri Lanka’s CCC+ sovereign rating outlook to negative from stable on Friday, warning theContinue Reading
The Taliban are sitting on $1 trillion worth of minerals the world desperately needs
London (CNN Business)The swift fall of Afghanistan to Taliban fighters has triggered a humanitarian crisis, with thousands trying to flee the country. It’s also brought renewed focusContinue Reading
British national of Sri Lankan decent, Daisy Veerasingham named President and CEO of The Associated Press
Veerasingham, AP’s executive vice president and chief operating officer, succeeds retiring AP President and CEO Gary Pruitt to become theContinue Reading
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