Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track
COLOMBO (Reuters) – Sri Lanka’s new government will release the 2023 budget on Monday focused on boosting revenue, implementing taxContinue Reading
Category: Business
Turbulence ahead- #SriLankan Airlines on the block for urgent reforms
(AFP)-Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part ofContinue Reading
Sri Lanka holds debt restructuring talks with bilateral creditors
COLOMBO, Nov 3 (Reuters) – Sri Lanka said it held a productive meeting with its bilateral creditors, which include IndiaContinue Reading
Musk takes over Twitter, fires CEO, other top execs
(Reuters) – Elon Musk became Twitter Inc’s new owner on Thursday, firing top executives he had accused of misleading himContinue Reading
Sri Lanka approves law to liberalize petroleum imports
COLOMBO, Oct 18 (Reuters) – Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sellContinue Reading
Sri Lanka aims to nearly double tax revenue by 2026, says President
COLOMBO (Reuters)- Sri Lanka aims to nearly double its tax revenue to around 15per cent of gross domestic product byContinue Reading
Bankrupt Sri Lanka slashes fuel prices; World Bank warns its economy will shrink an unprecedented 9.2 percent this year
Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warnedContinue Reading
Sri Lanka holds first in-person meeting with bondholders amid debt talks – sources
WASHINGTON, Oct 14 (Reuters) – Sri Lanka’s government officials from the finance ministry and the central bank held its firstContinue Reading
Crisis hit Sri Lanka snapping up cheap Russian oil -Financial Times
Debt-laden Sri Lanka has been buying up large amounts of discounted Russian oil amid an economic meltdown that sent the country into default forContinue Reading
IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
KEY POINTS The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage points lower than its July forecast,Continue Reading
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