Sri Lanka’s new austerity measure – No government jobs
(AFP)-Sri Lanka began a fresh austerity drive Monday, freezing government recruitment as new taxes and higher electricity prices kicked inContinue Reading
Category: Sri Lanka
Sri Lanka Welcomes New Russian Flights After Tourism Plea
(AFP)-Sri Lanka on Thursday welcomed the first Russian travelers aboard a new flight service that was launched after the bankruptContinue Reading
Sri Lanka’s national consumer price inflation eases to 65% in Nov
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 65% in November after a 70.6% jump inContinue Reading
Sri Lanka’s economy shrinks 11.8% in second-worst quarterly performance
COLOMBO (Reuters) -Sri Lanka’s economy shrank 11.8% in the July-September quarter from a year ago, government data showed on Thursday,Continue Reading
IMF Not Expected to Discuss Sri Lanka Before Year End -Sources
LONDON (Reuters) – The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka’s $2.9Continue Reading
Bankrupt Sri Lanka clears budget as IMF bailout delays
COLOMBO (AFP) Crisis-hit Sri Lanka’s parliament Thursday approved President Ranil Wickremesinghe’s 2023 budget, vital to raising government revenue and securingContinue Reading
Sri Lanka’s Parliamant approves budget amid economic crisis
COLOMBO (AP)- Sri Lanka’s Parliament approved a budget on Thursday that includes reforms aimed at improving the country’s finances as itContinue Reading
‘He did nothing wrong’: Sri Lankan origin Family of Texas entrepreneur fatally shot by police say he was defending his home
(From NBC News) -A tech entrepreneur in Texas wasn’t given ample time to drop a rifle he was carrying onContinue Reading
Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’
Dec 1 (Reuters) – Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”, citingContinue Reading
Sri Lanka’s debt to China close to 20% of public external debt -study
LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt –Continue Reading
MDW Live! News Network 