China, Australia, USA to enter Sri Lanka’s fuel market, 450 CPC filling station to be leased
Sri Lanka’s Cabinet has given the green light to award licenses to Sinopec, United Petroleum, Australia & RM Parks ofContinue Reading
Category: Asia
Sri Lanka international bondholders may see 20% principal haircut -analysts
LONDON, March 23 (Reuters) – Holders of Sri Lanka’s international sovereign bonds face a 20% principal haircut in the country’sContinue Reading
Indian court orders Rahul Gandhi to two years in jail for Modi comment
AHMEDABAD, India, March 23 (Reuters) – An Indian court sentenced opposition leader Rahul Gandhi on Thursday to two years inContinue Reading
Sri Lanka receives first tranche of IMF bailout
(Reuters)-Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday. TheContinue Reading
At least 12 killed in Afghanistan-Pakistan earthquake
At least 12 people were killed in Afghanistan and Pakistan by a strong earthquake felt across thousands of kilometres, butContinue Reading
Sri Lanka bailout conditional on tackling corruption, governance & mismanagement- IMF
(AFP& AP)-Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said TuesdayContinue Reading
Sri Lanka’s national consumer price inflation at 53.6% in Feb
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise ofContinue Reading
Sri Lanka to receive first tranche from IMF in next two days
COLOMBO, March 21 (Reuters) – Sri Lanka will receive the first tranche of about $330 million from the International MonetaryContinue Reading
Full statement by IMF- Executive Board Approves US$3 Billion Under the New Extended Fund Facility (EFF) Arrangement for Sri Lanka
March 20, 2023 Full statement by IMF Communications Department Washington, DC: The Executive Board of the International Monetary Fund (IMF) approvedContinue Reading
Sri Lanka’s foreign bondholders eye GDP-linked bonds for debt restructuring – source
March 20 (Reuters) – Sri Lanka’s foreign private creditors are considering proposing swapping the country’s defaulted bonds for new securities where cashContinue Reading
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