IMF says it welcomes Sri Lanka’s plans to engage with creditors
COLOMBO- The International Monetary Fund (IMF) on Wednesday (Apr 13) said that it supported Sri Lanka’s plans to engage inContinue Reading
Tag: Economy
S&P lowers Sri Lanka Sovereign rating to “CC” indicating looming default
Global rating agency Standard and Poor’s (S&P) today lowered Sri Lanka’s long-term foreign currency sovereign rating from “CCC” to “CC”Continue Reading
Gota -Go- Gama; A small tent camp near Sri Lankan President’s office becomes focus of national protests
On a patch of grass near Sri Lankan President Gotabaya Rajapaksa’s office in the commercial capital Colombo, around two dozenContinue Reading
Sri Lanka Prime Minister Mahinda Jogs War Memory to Placate Citizens as Economic crisis rages on.
Sri Lankan Prime Minister Mahinda Rajapaksa retained his family’s defiant tone in the face of mounting protests, leaning on hisContinue Reading
WATCH -#SriLanka could run out of reserves by the end of the month, says former Prime Minister Ranil
Ranil Wickremesinghe, former prime minister of Sri Lanka, says the country’s economic crisis is “very, very serious.” Watch his commentsContinue Reading
Crisis-hit Sri Lanka nearly out of medicine, doctors warn
Sri Lanka’s doctors warned on Sunday they were nearly out of life-saving medicines and said the island nation’s economic crisisContinue Reading
Musk proposes Twitter Blue subscription shake-up days after disclosing 9.2% Twitter stake
April 9 (Reuters) – Elon Musk, Twitter Inc’s (TWTR.N) biggest shareholder, on Saturday suggested a raft of changes to the social mediaContinue Reading
Pressure mounts on Sri Lanka’s President to quit as economic crisis grows
Thousands of Sri Lankans rallied in the capital’s main business district and Christian clergy marched to observe a day ofContinue Reading
Sri Lanka doubles interest rates to tame inflation; stabilise economy
COLOMBO (Reuters) -Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basisContinue Reading
Sri Lanka Industry Says 2022 Exports Could Tumble 20%-30% on Economic Crisis
COLOMBO (Reuters) – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and servicesContinue Reading
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