Sri Lanka cabinet approves 40% hike to minimum wage
COLOMBO (Reuters) – Sri Lanka’s cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday,Continue Reading
Tag: Economy
McDonald’s stores close in Sri Lanka after deal with partner ended- lawyer
COLOMBO (Reuters) – McDonald’s has ended an agreement with its local partner in Sri Lanka and all 12 outlets in theContinue Reading
IMF says the economic situation in debt-stricken Sri Lanka is gradually improving
COLOMBO, Sri Lanka (AP) — The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worstContinue Reading
IMF, Sri Lanka reach staff-level agreement on second review of $337 million bailout package
COLOMBO (Reuters) -The International Monetary Fund and Sri Lanka have reached a staff-level agreement on economic policies to conclude theContinue Reading
Star Wars In Sri Lanka As Astrologers Squabble Over Dates
(AFP)-Sri Lanka’s government-backed traditional astrologers have failed to unanimously agree on dates for new year rituals, with squabbling seers warningContinue Reading
Sri Lanka’s economy shrank 2.3% in 2023
COLOMBO (Reuters) — Sri Lanka’s economy shrank 2.3% in 2023, official data showed on Friday, as the island nation struggled to break outContinue Reading
Sri Lanka committed to repaying debt within 2027-2042 schedule, president says
COLOMBO (Reuters) – Sri Lanka is committed to repaying its debt within the 2027-2042 schedule, President Ranil Wickremesinghe said onContinue Reading
Sri Lanka Sweetens Deal To Sell National Airline
(AFP)-Sri Lanka said Tuesday it would assume $510 million of debt to help find a buyer for its loss-making nationalContinue Reading
Sri Lanka’s largest listed company Expo to delist from Colombo Stock Exchange
SG Holdings, the parent company of Expolanka Holdings Plc the largest listed company on the Colombo Stock Exchange., said itContinue Reading
Sri Lanka Awards Energy Deal To India After Rejecting China
(AFP)-Sri Lanka on Friday awarded the construction of three solar and wind hybrid power generation facilities to an Indian companyContinue Reading
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