Sri Lankan lawmakers debate bill to trim presidential powers
COLOMBO, Sri Lanka (AP) — Sri Lankan lawmakers began debating a proposed constitutional amendment on Thursday that would trim theContinue Reading
Tag: Economy
Sri Lanka approves law to liberalize petroleum imports
COLOMBO, Oct 18 (Reuters) – Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sellContinue Reading
Sri Lanka aims to nearly double tax revenue by 2026, says President
COLOMBO (Reuters)- Sri Lanka aims to nearly double its tax revenue to around 15per cent of gross domestic product byContinue Reading
Bankrupt Sri Lanka slashes fuel prices; World Bank warns its economy will shrink an unprecedented 9.2 percent this year
Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warnedContinue Reading
Sri Lanka urged to withdraw bill allowing broad detentions
COLOMBO, Sri Lanka (AP) — An international human rights group is urging Sri Lanka’s government to withdraw draft legislation thatContinue Reading
Sri Lanka holds first in-person meeting with bondholders amid debt talks – sources
WASHINGTON, Oct 14 (Reuters) – Sri Lanka’s government officials from the finance ministry and the central bank held its firstContinue Reading
Crisis hit Sri Lanka snapping up cheap Russian oil -Financial Times
Debt-laden Sri Lanka has been buying up large amounts of discounted Russian oil amid an economic meltdown that sent the country into default forContinue Reading
IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
KEY POINTS The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage points lower than its July forecast,Continue Reading
U.N says Tunisia, Sri Lanka and Pakistan top list of 54 countries in dire need of debt relief
Cascading global crises have left 54 countries — home to more than half of the world’s poorest people — inContinue Reading
Sri Lanka Top Court Allows Proceedings Against Former President Rajapaksa, Others
COLOMBO (Reuters) – Sri Lanka’s top court has granted permission for proceedings against former President Gotabaya Rajapaksa, the rights groupContinue Reading
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