Sri Lanka postpones local elections citing lack of funds
Cash-strapped Sri Lanka is postponing local government elections that had been due to take place early next month, because ofContinue Reading
Tag: Economy
European Commission bans Chinese owned TikTok from official devices due to cybersecurity concerns
(CNN)-The European Commission has banned TikTok from official devices because of concerns about cybersecurity, a move sharply criticized by the company inContinue Reading
Sri Lanka’s Supreme court postpones petition seeking halt of March 9 local polls
Colombo, Feb 23 (PTI) Sri Lanka’s Supreme Court on Thursday postponed the hearing of a writ petition seeking an orderContinue Reading
Sri Lanka investment board approves $442 million Adani Green wind power plants
COLOMBO (Reuters)- Sri Lanka’s Board of Investment on Wednesday approved two wind power plants by India’s Adani Green Energy LtdContinue Reading
Electricity bill increase pushes crisis weary Sri Lankans to the brink
COLOMBO (Reuters) – The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in aContinue Reading
Sri Lanka to make $2.6 billion in loan repayments in first half of year
COLOMBO (Reuters)- Sri Lanka’s cabinet has approved loan repayments worth $2.6 billion in the first half of this year, inContinue Reading
Sri Lankan police disperse protesters demanding election
COLOMBO, Sri Lanka (AP)- Sri Lankan police fired tear gas and a water cannon at opposition supporters who marched in theContinue Reading
IMF mulls loan approval to Sri Lanka, even without China’s assurance – Bloomberg News
(Reuters) – The International Monetary Fund (IMF) is considering approving a loan for Sri Lanka, even without China’s assurance ofContinue Reading
Sri Lanka hiked power prices by 66% hoping to gain IMF support- Minister
COLOMBO (Reuters) Sri Lanka increased electricity prices by 66 per cent on Thursday, in a move that the government hopedContinue Reading
Sri Lanka, India to sign power grid linking pact within two months – envoy
NEW DELHI (Reuters) – Sri Lanka and India will sign a pact to link their power grids and start negotiationsContinue Reading
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