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
Category: Business Briefing
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
Officials seize 16 tons of ‘contraband’ beetroot, disguised as potatoes, in Sri Lanka food shortage
Sri Lanka is battling food shortages, but officials have seized a 16-tonne shipment of beetroots for violating a strict importContinue Reading
Used cars turn to gold as Sri Lanka economy skids on the edge
(AFP)-Supermarket shelves are bare and restaurants can’t serve meals, but Sri Lanka’s economic crisis is a bonanza for used carContinue Reading
Crisis-hit Sri Lanka hikes interest rates in bid to tame inflation
(AFP)- Sri Lanka’s central bank hiked interest rates Thursday in a bid to tame rampant inflation and discourage consumer spendingContinue Reading
Explainer-Sri Lanka on the edge as debt burden mounts
COLOMBO (Reuters) – Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years,Continue Reading
Central bank chief says Sri Lanka will meet all debt repayments while rebuilding Forex reserves as country suffers another ratings downgrade.
COLOMBO -Sri Lanka’s government will meet all 2022 debt repayments and work on a more comprehensive plan to address dwindlingContinue Reading
Sri Lanka Seeks Chinese Debt Restructuring Amid Crisis
COLOMBO, Sri Lanka (AP/Reuters) — The president of debt-ridden Sri Lanka on Sunday asked China for the restructuring of itsContinue Reading
