A Year After Sri Lanka Unrest, Slave Island Hungers
(AFP)-As Sri Lankans flocked to a jubilant street party celebrating their president’s ouster, retired accountant Milton Perera sat at homeContinue Reading
Category: Business
Sri Lankans jump ship to other countries as a bankrupt nation struggles
(AFP)-The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kindContinue Reading
‘No second chance’ to save Sri Lanka, central banker warns
(AFP)-The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before itContinue Reading
Twitter threatens to sue Facebook owner Meta over new Threads platform
Twitter has threatened to sue Facebook owner Meta over its new Threads platform. The company has written to Meta bossContinue Reading
A year later, Sri Lanka’s tentative economic recovery eludes the poor
COLOMBO (Reuters) – A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdownContinue Reading
Fitch Ratings commends Sri Lanka’s domestic debt restructuring plan, warns of challenges
COLOMBO, July 4 (Xinhua) — Fitch Ratings on Tuesday said that the Sri Lankan government’s domestic debt restructuring proposal wasContinue Reading
Sri Lanka’s bearish Stock Market makes a dramatic turnaround As Debt Restructure Spares Banks
(AFP)-Bankrupt Sri Lanka’s bearish bourse made a dramatic turnaround Tuesday on the first day of trading since the government unveiledContinue Reading
Sri Lanka asks dollar debt holders for 30% haircut
COLOMBO (Reuters) – Sri Lanka is asking foreign investors in its international sovereign bonds to take a 30% haircut andContinue Reading
Sri Lanka’s Cabinet approves a domestic debt restructuring plan in effort to solve economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s Cabinet on Wednesday approved a program to restructure the country’s staggering domestic debtContinue Reading
Cash-strapped Sri Lanka To Restructure Domestic Debt
(AFP)-Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructureContinue Reading
MDW Live! News Network 