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
Tag: Economy
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
Explainer-Sri Lanka on the edge as debt burden mounts
COLOMBO (Reuters) – Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years,Continue Reading
Sri Lanka leader sacks minister who criticized farm policy and rising food prices
COLOMBO, Sri Lanka (AP) — Sri Lankan President Gotabaya Rajapaksa sacked a government minister on Tuesday after he criticized aContinue Reading
Sri Lanka’s food prices rose by a record 22.1 % in December as shortages bite
(AFP)-Sri Lanka’s food prices rose by a record 22.1 percent in December, official figures showed Saturday, as the country strugglesContinue Reading
Sri Lanka Central Bank unveils six-month plan to stabilise economy
COLOMBO, Oct 1 (Reuters) – Sri Lanka’s central bank governor unveiled on Friday a six-month roadmap for putting the economyContinue Reading
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