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
Tag: Economy
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
Ex-Sri Lanka President ordered police records destroyed to stall mass grave probes, report alleges
COLOMBO, Sri Lanka (AP) — Sri Lanka’s former President Gotabaya Rajapaksa was accused in a report released Thursday of tamperingContinue Reading
Sri Lanka readies ailing Thai elephant for flight home
COLOMBO (Reuters) – Twice a day carers in Sri Lanka lead Sak Surin, an elephant donated by Thailand more thanContinue Reading
Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues
COLOMBO (Reuters) -Sri Lanka’s economy shrank 11.5% in the first three months of 2023, official data showed on Thursday, asContinue Reading
Sri Lanka extends freeze on outward capital transactions by 6 months
COLOMBO, June 13 (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by sixContinue Reading
U.S company signs agreement to enter retail fuel market in crisis-hit Sri Lanka
COLOMBO, Sri Lanka (AP)- A U.S. petroleum company signed an agreement with Sri Lanka on Thursday allowing it to import andContinue Reading
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