Sri Lankans jump ship to other countries as a bankrupt nation struggles
(AFP)-The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kindContinue Reading
Tag: Economy
‘No second chance’ to save Sri Lanka, central banker warns
(AFP)-The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before itContinue Reading
A year later, Sri Lanka’s tentative economic recovery eludes the poor
COLOMBO (Reuters) – A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdownContinue Reading
Fitch Ratings commends Sri Lanka’s domestic debt restructuring plan, warns of challenges
COLOMBO, July 4 (Xinhua) — Fitch Ratings on Tuesday said that the Sri Lankan government’s domestic debt restructuring proposal wasContinue Reading
Sri Lanka’s bearish Stock Market makes a dramatic turnaround As Debt Restructure Spares Banks
(AFP)-Bankrupt Sri Lanka’s bearish bourse made a dramatic turnaround Tuesday on the first day of trading since the government unveiledContinue Reading
Sri Lanka asks dollar debt holders for 30% haircut
COLOMBO (Reuters) – Sri Lanka is asking foreign investors in its international sovereign bonds to take a 30% haircut andContinue Reading
Sri Lanka’s Cabinet approves a domestic debt restructuring plan in effort to solve economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s Cabinet on Wednesday approved a program to restructure the country’s staggering domestic debtContinue Reading
Cash-strapped Sri Lanka To Restructure Domestic Debt
(AFP)-Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructureContinue Reading
Cash-strapped Sri Lanka scraps monkey business plan
(AFP)-Bankrupt Sri Lanka’s government on Monday said it was scrapping plans to export around 100,000 endangered monkeys to China followingContinue Reading
Sri Lanka set to start tea-for-oil barter with Iran next month
COLOMBO, June 23 (Reuters) – Sri Lanka is set to start bartering tea to Iran next month in lieu ofContinue Reading
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