China has not done enough on Sri Lanka debt restructuring – U.S. diplomat
COLOMBO (Reuters) – The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF)Continue Reading
Category: Business
Shares In India’s Adani Enterprises nosedive 30 percent
Shares in Indian tycoon Gautam Adani’s business empire plummeted 30 percent in Wednesday afternoon trade, the fifth day of fallsContinue Reading
Sri Lanka’s key inflation rate eases to 54.2% in January, an 8 month low
(Reuters) – Sri Lanka’s key inflation rate eased to 54.2% in January from 57.2% in December, the country’s statistics departmentContinue Reading
‘Where’s the money gone?’ Jamaicans ask after Usain Bolts’ $12 million account left almost empty
(AFP)-It is the question on the lips of every Jamaican — and none more so than the country’s most famousContinue Reading
Sri Lanka economy could shrink by -3.5% to -4%, president says
COLOMBO (Reuters) – Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, PresidentContinue Reading
Hindenburg shorts India’s Adani citing debt, accounting concerns; shares plunge
BENGALURU (Reuters) – Hindenburg Research said it held short positions in India’s Adani Group, accusing the conglomerate of improper useContinue Reading
China offers Sri Lanka debt moratorium, IMF help still in doubt
NEW DELH/COLOMBO (Reuters) -The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and saidContinue Reading
Sri Lanka seen holding interest rates as inflation fight continues; IMF deal key
COLOMBO (Reuters) – The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week,Continue Reading
Sri Lanka expects financing assurances from China for IMF deal within days
COLOMBO (Reuters) -Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock aContinue Reading
India says it is committed to boosting investment in crisis-hit Sri Lanka
COLOMBO, Jan 20 (Reuters) – India has told Sri Lanka it is committed to boost investment in its debt-ridden neighbour,Continue Reading
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