India extends $1 billion line of credit to Sri Lanka to to import food, medicines and other essential items
India on Thursday extended a $1-billion short-term concessional loan to Sri Lanka to help the island nation cope with oneContinue Reading
Category: Business
Protests hit Sri Lanka’s capital amid severe economic crisis
COLOMBO, Sri Lanka (AP) — Anti-government protests roiled Sri Lanka’s capital on Tuesday amid demands that President Gotabaya Rajapaksa resign,Continue Reading
Sri Lanka says will begin official talks with IMF next month
COLOMBO (Reuters)— Sri Lanka will start official talks with the International Monetary Fund (IMF) next month, a cabinet spokesman saidContinue Reading
Sri Lanka finance minister meets top IMF official amid economic crisis
COLOMBO (Reuters) – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, twoContinue Reading
Sri Lanka’s opposition says government lost its legitimacy, claims it mishandled the debt crisis
KEY POINTS The Sri Lankan government has lost its “legitimacy” for the way it handled the country’s debt crisis andContinue Reading
Sri Lanka tightens trade rules to boost currency reserves; which eroded 79% from 2019-2021
COLOMBO, March 12- Sri Lanka’s Central Bank tightened trade restrictions on Saturday, ordering exporters to repatriate foreign exchange earnings withinContinue Reading
Sri Lanka’s Rupee Devaluation, Import Restrictions May Boost Inflation -analysts
(Reuters)- Sri Lanka’s sudden devaluation of the local currency and imposition of import limits on hundreds of items is likelyContinue Reading
Sri Lanka currency falls sharply , exporters expecting a further fall in value
(AFP)-The Sri Lankan rupee fell sharply against the dollar Thursday, after the country’s central bank ordered a 15 percent depreciationContinue Reading
Sri Lanka restricts 367 ‘luxuries’ as forex crisis worsens
(AFP/Reuters)-Sri Lanka on Wednesday tightened restrictions on a wide range of imports from whisky to kitchen appliances as a foreignContinue Reading
Hundreds of bakeries shut in Sri Lanka after cooking gas runs out
COLOMBO (Reuters) – Nearly 1,000 bakeries have closed in Sri Lanka due to a severe shortage of cooking gas, anContinue Reading
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