Sri Lanka extends credit line with India by $200mln for fuel: Power minister
Sri Lanka has extended a credit line with India by $200 million in order to procure emergency fuel stocks, theContinue Reading
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Crisis-hit Sri Lanka says IMF bailout three months away
An International Monetary Fund bailout package for crisis-hit Sri Lanka could take up to three months to arrive, the country’sContinue Reading
Sri Lanka inflation at 29.8% in April 2022 up from 18.7% in March 2022- CBSL
Central Bank of Sri Lanka says inflation in Sri Lanka has increased to 29.8% in April 2022 from 18.7% inContinue Reading
A political reckoning in Sri Lanka as economic crisis grows
COLOMBO, Sri Lanka — Sherry Fonseka joined millions in 2019 in electing President Gotabaya Rajapaksa, a military strategist whose brutalContinue Reading
Sri Lanka begins talks with China on refinancing debt
COLOMBO, April 26 – Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said onContinue Reading
IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes
Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a seniorContinue Reading
S&P cuts Sri Lanka to ‘selective default’ on missed payments
April 25 (Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selectiveContinue Reading
Elon Musk to buy Twitter for $54.20 a share, totaling approximately $44 billion
(New York) Twitter has agreed to sell itself to Elon Musk in a deal valued at around $44 billion, theContinue Reading
Sri Lanka cabinet nod for 21st Amendment
The Cabinet has approved the proposal to introduce the 21st Amendment. The 21st Amendment is expected to be introduced withContinue Reading
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