Sri Lanka’s Parliamant approves budget amid economic crisis
COLOMBO (AP)- Sri Lanka’s Parliament approved a budget on Thursday that includes reforms aimed at improving the country’s finances as itContinue Reading
Tag: Economy
Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’
Dec 1 (Reuters) – Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”, citingContinue Reading
Sri Lanka’s debt to China close to 20% of public external debt -study
LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external debt –Continue Reading
Sri Lanka’s national consumer price inflation slows to 70.6% in Oct
(Reuters) -Sri Lanka’s National Consumer Price Index (NCPI) slowed year-on-year to 70.6% in October after a record 73.7% jump inContinue Reading
Sri Lanka govt takes over $1.7 bn in debt owed to China
(AFP)-Crisis-hit Sri Lanka said Monday it would take responsibility for $1.7 billion owed to China by state enterprises as itContinue Reading
Sri Lanka budget lays down plans to clinch IMF deal; markets not enthused
COLOMBO (Reuters) -The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies, which areContinue Reading
In less than a week, founder and former CEO of FTX, a cryptocurrency exchange, Sam Bankman-Fried’s $16 billion fortune evaporates
New York (CNN Business) — Sam Bankman-Fried woke up on Monday still a billionaire, even as his cryptocurrency empire was beginning toContinue Reading
Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track
COLOMBO (Reuters) – Sri Lanka’s new government will release the 2023 budget on Monday focused on boosting revenue, implementing taxContinue Reading
U.N Warns Of Worsening Food Crisis In Sri Lanka
(AFP)-The United Nations Tuesday warned of a worsening food crisis in bankrupt Sri Lanka and said the number of peopleContinue Reading
Sri Lanka holds debt restructuring talks with bilateral creditors
COLOMBO, Nov 3 (Reuters) – Sri Lanka said it held a productive meeting with its bilateral creditors, which include IndiaContinue Reading
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