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
Tag: Sri Lanka
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
Watch: Arjuna Ranathunga and ex PM Ranil on India’s NDTV | Current situation in Sri Lanka and India’s role
As Sri Lanka continues to spiral down in the economic and political mess with severe shortage of food, drugs andContinue Reading
Sri Lanka reserves drop to $1.93B in March, $8.6B due in payments this year
Sri Lanka’s foreign exchange reserves dropped 16.1 per cent to $1.93 billion in March from a month earlier, the centralContinue Reading
Sri Lanka medical group warns of catastrophic shortages in coming weeks
COLOMBO, Sri Lanka (AP) — Sri Lanka’s national medical association warned Thursday that hospitals will be unable to provide evenContinue Reading
Sri Lanka Central Bank chief to take office, no takers for Finance Minister job-sources
Summary Nandalal Weerasinghe to hold monetary policy meeting on Friday Policy announcement likely on Saturday, big rate hikes expected PresidentContinue Reading
In stunning reversal, protests leave Sri Lanka’s ruling Rajapaksa dynasty teetering
Summary Sri Lanka’s ruling dynasty faces political crisis Rajapaksas’ alliance now in a minority after lawmakers defect High inflation andContinue Reading
Sri Lanka parliament speaker warns crisis risks starvation; President won’t resign despite growing protests
Sri Lanka’s crippling economic crisis risks causing starvation across the island nation of 22 million while acute shortages of essentialsContinue Reading
Sri Lanka’s currency plunges to world’s worst-performing in economic meltdown
Sri Lanka’s rupee has plunged to a record low to become the world’s worst-performing currency, as President Gotabaya Rajapaksa strugglesContinue Reading
Sri Lanka’s doctors to protest against drugs shortage as crisis persists
COLOMBO, April 6 (Reuters) – Sri Lankan doctors said they will hold a street protest in the commercial capital ColomboContinue Reading
MDW Live! News Network 