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
Category: Business
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
Pfizer and BioNTech say booster dose provides high level of protection against omicron variant in initial lab study
KEY POINTS A booster shot of the vaccine increases antibody protection 25-fold compared with the initial two-dose series, according toContinue Reading
Sri Lanka Central Bank Governor says to review possible illegal money channels as remittance drops
COLOMBO -Sri Lanka’s top central bank official on Saturday said remittances have declined over the past six months, prompting authoritiesContinue Reading
