Analysis: Sri Lanka bondholders brace for big losses in debt restructuring
Summary Analysts calculate haircut of at least 20% needed Citi: debt service halt covers around 50% of public debt S&P,Continue Reading
Category: Business
Amid Sri Lankan economic crisis, apparel orders from island nation diverting to India
Countries importing textile products from Sri Lanka have now started moving towards Indian exporters as Sri Lanka continues to reelContinue Reading
Fitch Places 13 Sri Lankan Banks on Rating Watch Negative
Fitch Ratings has placed the National Long-Term Ratings of 13 Sri Lankan banks on Rating Watch Negative (RWN). The banksContinue Reading
Sri Lankan Airlines issues clarification on new lease proposal and Uganda cargo after condemnation
State-owned Sri Lankan Airlines has unveiled plans to expand its fleet from 24 to 35 in the next three yearsContinue Reading
Forex reserves declining in Nepal: Is the Himalayan kingdom going south the Sri Lanka way?
Nepal’s economy seems to be heading south, the Sri Lankan way. The country is facing an economic crisis that hasContinue Reading
Loss making SriLankan Airlines to lease up to 21 aircraft to expand fleet, slammed by opposition
Cash-strapped Sri Lanka’s loss-making national carrier announced plans on Thursday (April 14) to lease up to 21 aircraft, just twoContinue Reading
Elon Musk makes offer to buy Twitter outright, valuing the company at $43.4 billion
Elon Musk has made an offer to buy Twitter. According to an SEC filing on Thursday, Musk has offered toContinue Reading
Musk proposes Twitter Blue subscription shake-up days after disclosing 9.2% Twitter stake
April 9 (Reuters) – Elon Musk, Twitter Inc’s (TWTR.N) biggest shareholder, on Saturday suggested a raft of changes to the social mediaContinue Reading
Pressure mounts on Sri Lanka’s President to quit as economic crisis grows
Thousands of Sri Lankans rallied in the capital’s main business district and Christian clergy marched to observe a day ofContinue Reading
Sri Lanka doubles interest rates to tame inflation; stabilise economy
COLOMBO (Reuters) -Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basisContinue Reading
MDW Live! News Network 