Sri Lanka jolts markets with outsized 100-b.p rate hike to counter Gulf crisis
COLOMBO, May 26 (Reuters) – Sri Lanka’s central bank stunned markets by raising its benchmark policy rate by an outsizedContinue Reading
Tag: Economy
Middle East conflict hits Sri Lanka’s tea industry, heightens economic strain
COLOMBO, May 21 (Reuters) – Tea factory worker Jacintha Malar once relied on cooking gas to prepare meals for herContinue Reading
India scrambles to steady rupee as oil shock bites
(AFP)-India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten toContinue Reading
Vietnam seeks deeper defence, trade ties with Sri Lanka
(AFP)-Vietnam’s top leader To Lam called for deeper defence and trade ties with Sri Lanka on Friday, noting the SouthContinue Reading
Sri Lanka probes missing $625,000 postal payment to USPS
COLOMBO, April 28 (Xinhua) — Sri Lankan authorities have initiated an investigation into a foreign currency payment made by theContinue Reading
Hackers steal $2.5 million from Sri Lanka’s Finance Ministry
COLOMBO, Sri Lanka (AFP)– Cybercriminals hacked into the Sri Lankan Finance Ministry’s computer system and siphoned off US$2.5 million, the governmentContinue Reading
UAE turns to U.S for financial lifeline as Iran war shows no end – Report
The United Arab Emirates has begun preliminary talks with the U.S. about securing a potential financial safety net if theContinue Reading
Sri Lanka’s Energy minister resigns
COLOMBO, April 17 (Reuters) – Sri Lanka’s Energy Minister Kumara Jayakody and ministry secretary Udayanga Hemapala resigned on Friday followingContinue Reading
Sri Lanka unveils US$320 million subsidy to offset energy costs
COLOMBO (AFP)-Sri Lanka announced on Tuesday (Apr 7) a record US$320 million relief package for farmers, fishermen and low-income householdsContinue Reading
Sri Lanka raises Power tariffs as energy costs begin to bite
COLOMBO, March 30 (Reuters) – Sri Lanka raised power tariffs for most households by 7.2% and industries by 8.7% onContinue Reading
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