Sri Lanka economy could shrink by -3.5% to -4%, president says
COLOMBO (Reuters) – Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, PresidentContinue Reading
Tag: Economy
Hindenburg shorts India’s Adani citing debt, accounting concerns; shares plunge
BENGALURU (Reuters) – Hindenburg Research said it held short positions in India’s Adani Group, accusing the conglomerate of improper useContinue Reading
China offers Sri Lanka debt moratorium, IMF help still in doubt
NEW DELH/COLOMBO (Reuters) -The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and saidContinue Reading
Sri Lanka expects financing assurances from China for IMF deal within days
COLOMBO (Reuters) -Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock aContinue Reading
India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF
COLOMBO (Reuters) -India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring plan as theContinue Reading
Sri Lanka urged by Human rights groups to free student activist held over protests
COLOMBO, Sri Lanka (AP) — Human rights groups urged Sri Lanka’s government to release a prominent student activist who wasContinue Reading
Sri Lanka Closer to IMF Bailout as India Said to Back Debt Plan -Bloomberg
India formally notified that it would support Sri Lanka’s debt restructuring plan, according to a person with knowledge of theContinue Reading
Sri Lanka church seeks criminal justice for Easter bombings
(AP)-Sri Lanka’s Catholic Church urged the country Friday to criminally prosecute its former leader for negligence, a day after the topContinue Reading
Sri Lanka To Cut Army By Half After Financial Crisis
Bankrupt Sri Lanka will drastically slash its military, the defence ministry said Friday, as the government works to overhaul itsContinue Reading
Sri Lanka Ex-leader Failed To Stop Easter Attacks- Court
(AFP)- Former Sri Lankan President Maithripala Sirisena and four other top officials were responsible for failing to prevent the 2019Continue Reading
