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
Tag: Economy
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
Sri Lanka eyes free trade pact with Thailand by March as growth in focus
COLOMBO (Reuters) – Sri Lanka and Thailand could sign a free trade agreement (FTA) by March, a top official ofContinue Reading
Sri Lanka to reduce drug prices by 16% as crisis eases
COLOMBO, June 6 (Reuters) – Sri Lanka will slash the price of 60 essential drugs by 16% from June 15,Continue Reading
IMF says Sri Lanka’s economic recovery shows signs of improvement but challenges remain
COLOMBO, Sri Lanka (AP)- Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recoveryContinue Reading
Sri Lanka Rupee’s Rally May Falter as 17% Slide to 350 Rupees Seen on Horizon- Bloomberg
(Bloomberg) — After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupeeContinue Reading
Asian Development Bank grants $350 million to cash-strapped Sri Lanka
Manila (AFP)- The Asian Development Bank approved a $350 million loan on Monday for bankrupt Sri Lanka, buttressing an IMFContinue Reading
Sri Lanka Jan-April tea output drops to 3-yr low; fertiliser price surges
COLOMBO, May 26 (Reuters) – Sri Lanka’s tea production in the first four months of 2023 dropped 20% to aContinue Reading
Sri Lanka president vows to conclude debt-restructuring talks by Sept or Nov
TOKYO (Reuters) -Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or NovemberContinue Reading
