Sri Lanka’s budget likely to lead to slower fiscal consolidation, says Moody’s
COLOMBO (Reuters/AFP) – Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscalContinue Reading
Category: Asia
Sri Lanka expects economy to grow at 5%, repay all debt, Dissanayake says
Summary COLOMBO, Feb 17 (Reuters) – Sri Lanka will focus on transforming its crisis-hit economy and prepare to resume debtContinue Reading
Sri Lanka’s New President Presents First Budget With Focus on Crisis Recovery
COLOMBO (Reuters) – Sri Lanka’s new President Anura Kumara Dissanayake will outline the government’s revenue and policy goals in hisContinue Reading
Sri Lanka scrambles to restore power after monkey causes islandwide outage
COLOMBO (Reuters) – Sri Lanka extended power cuts for a third day on Thursday as it scrambled to restore itsContinue Reading
Debt-stricken Sri Lanka marks independence day as new president pledges to rebuild the country
COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka marked its 77th independence anniversary on Tuesday with a military parade, while the country’sContinue Reading
Sri Lanka says talks on with Adani Group to lower wind power purchase cost
COLOMBO, Jan 28 (Reuters) – The Sri Lankan government has started talks with India’s Adani Group to lower the costContinue Reading
Sri Lanka Ex-president’s Son Issued Travel Ban In Corruption Case
(AFP)-The son of Sri Lanka’s former president Mahinda Rajapaksa was banned Monday from leaving the island nation following his arrestContinue Reading
‘False and misleading’: Adani Group rejects reports of power contract cancellation by Sri Lanka
The Adani Group on Friday denied reports that its 484 MW wind power projects in Sri Lanka’s Mannar and Pooneryn had beenContinue Reading
Sri Lanka revokes power purchase deal with Adani Group, AFP reports
Sri Lanka has revoked a power purchase deal with India’s Adani Group after a probe into U.S. allegations that theContinue Reading
Sri Lanka orders former leaders to move out of govt residences
COLOMBO(AFP)- Sri Lanka’s leftist government asked former presidents, including the once-powerful Rajapaksa brothers, on Tuesday to immediately vacate luxury government bungalows asContinue Reading
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