McDonald’s stores close in Sri Lanka after deal with partner ended- lawyer
COLOMBO (Reuters) – McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in theContinue Reading
Category: Business
IMF says the economic situation in debt-stricken Sri Lanka is gradually improving
COLOMBO, Sri Lanka (AP) — The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worstContinue Reading
Sri Lanka’s economy shrank 2.3% in 2023
COLOMBO (Reuters) — Sri Lanka’s economy shrank 2.3% in 2023, official data showed on Friday, as the island nation struggled to break outContinue Reading
Sri Lanka ex-President claims ousted over China investments
(AFP)-Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming “geopoliticalContinue Reading
Sri Lanka committed to repaying debt within 2027-2042 schedule, president says
COLOMBO (Reuters) – Sri Lanka is committed to repaying its debt within the 2027-2042 schedule, President Ranil Wickremesinghe said onContinue Reading
Sri Lanka Sweetens Deal To Sell National Airline
(AFP)-Sri Lanka said Tuesday it would assume $510 million of debt to help find a buyer for its loss-making nationalContinue Reading
Sri Lanka’s largest listed company Expo to delist from Colombo Stock Exchange
SG Holdings, the parent company of Expolanka Holdings Plc the largest listed company on the Colombo Stock Exchange., said itContinue Reading
Sri Lanka Awards Energy Deal To India After Rejecting China
(AFP)-Sri Lanka on Friday awarded the construction of three solar and wind hybrid power generation facilities to an Indian companyContinue Reading
Asia’s richest man launches lavish pre-wedding party in India
(AFP)-India’s richest man has kicked off lavish pre-wedding parties for his son by feeding more than 50,000 people in hisContinue Reading
Outrage over ‘whites-only’ party at Russian-run nightclub in Sri Lanka
(SKY News/ NBC)-A poster for a “White Party” last weekend at the Sarayka Lounge, in the popular resort town ofContinue Reading
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