Sri Lanka shares slump amid nationwide powercuts, worsening economic crisis
Feb 23 (Reuters) – Sri Lankan shares plunged nearly 7% on Wednesday as fuel shortage-induced countrywide power outages spooked investorsContinue Reading
Tag: Economy
Donald’s Trump’s Truth Social social app tops downloads on Apple App Store, many users waitlisted
KEY POINTS Donald Trump’s new social media venture, Truth Social, launched late on Sunday in Apple’s App Store. The appContinue Reading
Sri Lanka out of cash to buy oil: minister
(AFP)-Sri Lanka’s state-run petroleum company has run out of cash to buy oil, and fuel shortages across the country couldContinue Reading
IMF says Sri Lanka has not sought its financial assistance
WASHINGTON, Feb 10 (Reuters) – Sri Lanka has not sought financial assistance from the International Monetary Fund, which stands readyContinue Reading
IMF Says It Is ‘Ready’ To Help Sri Lanka – If Asked
(AFP)-The International Monetary Fund is ready to discuss “options” with Sri Lanka if the government asks for financial support, itsContinue Reading
Cash-strapped Sri Lanka appeals to expats to send money
COLOMBO, Sri Lanka (AP) — Sri Lanka celebrated its Independence Day on Friday with an appeal by the president toContinue Reading
Sri Lanka gets urgent $500m Indian loan to pay for oil
(AFP)-Sri Lanka was handed temporary relief from energy shortages and rolling blackouts on Wednesday with a $500 million loan fromContinue Reading
Officials seize 16 tons of ‘contraband’ beetroot, disguised as potatoes, in Sri Lanka food shortage
Sri Lanka is battling food shortages, but officials have seized a 16-tonne shipment of beetroots for violating a strict importContinue Reading
Used cars turn to gold as Sri Lanka economy skids on the edge
(AFP)-Supermarket shelves are bare and restaurants can’t serve meals, but Sri Lanka’s economic crisis is a bonanza for used carContinue Reading
Crisis-hit Sri Lanka hikes interest rates in bid to tame inflation
(AFP)- Sri Lanka’s central bank hiked interest rates Thursday in a bid to tame rampant inflation and discourage consumer spendingContinue Reading
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