Sri Lanka marks independence anniversary amid economic woes
COLOMBO, Sri Lanka (AP)– Sri Lanka marked its 75th independence anniversary on Saturday as a bankrupt nation, with many citizens angry,Continue Reading
Category: Business
China confirms offer to Sri Lanka of debt moratorium
BEIJING (AP) — China’s government on Friday confirmed it is offering Sri Lanka a two-year moratorium on loan repayments asContinue Reading
A group of private overseas Sri Lanka bondholders ready for debt restructuring talks
(Reuters) – A group of overseas private creditors is ready to hold debt restructuring talks with Sri Lanka consistent withContinue Reading
Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources
LONDON (Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a keyContinue Reading
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
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
