Sri Lanka rations electricity as dollar crisis worsens
(AFP)- Sri Lanka imposed electricity rationing Friday with the main power utility unable to buy fuel oil for its powerContinue Reading
Category: Business
Sri Lanka leader sacks minister who criticized farm policy and rising food prices
COLOMBO, Sri Lanka (AP) — Sri Lankan President Gotabaya Rajapaksa sacked a government minister on Tuesday after he criticized aContinue Reading
Sri Lanka’s food prices rose by a record 22.1 % in December as shortages bite
(AFP)-Sri Lanka’s food prices rose by a record 22.1 percent in December, official figures showed Saturday, as the country strugglesContinue Reading
Sri Lanka, Indian Oil Corp unit to sign oil tank restoration deal
COLOMBO (Reuters) – Sri Lanka will sign a deal with Lanka Indian Oil Corporation (LIOC) to restore 75 oil tanksContinue Reading
Sri Lanka boosts FX reserves with lift from Chinese swap
COLOMBO – Sri Lanka has raised its official foreign exchange reserves to around US$3.1 billion, helped by a currency swapContinue Reading
Saudi funds for development of road and Wayamba University Development Project costing $88 Million
SRI JAYAWARDENEPURA KOTTE, Sri Lanka–(BUSINESS WIRE)–The Saudi Fund for Development represented by the CEO Mr. Sultan Abdulrahman Al-Marshad, inaugurated theContinue Reading
Fitch downgrades Sri Lanka to “CC” as fears mount of a sovereign default on its $26 billion foreign debt.
(AFP)- International ratings agency Fitch downgraded cash-strapped Sri Lanka Saturday by one notch to “CC” due to mounting fears ofContinue Reading
Sri Lanka economy contracts 1.5% in third quarter
COLOMBO, Dec 15 (Reuters) – Sri Lanka’s economy shrank 1.5% in the third quarter from a year earlier due toContinue Reading
Sri Lanka shows off giant natural blue sapphire
COLOMBO — Sri Lankan authorities on Sunday put on show what they said was the world’s largest natural corundum blueContinue Reading
Sri Lanka chemical ship wreck to be salvaged: operators
(AFP)- The wreck of a chemical ship that caught fire off the Sri Lankan coast and caused environmental carnage will beContinue Reading
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