Meet the man who has the most unenviable job in Sri Lanka: Ali Sabry, Finance Minister
He replaced Basil Rajapaksa who resigned earlier this month along with the rest of the cabinet — this was aContinue Reading
Tag: World News
Commentary: Reasons for Sri Lanka Crisis; China ‘debt trap loans’ or fatal Gov mistakes? – Professor explains
MUMBAI: The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s everContinue Reading
Amid Sri Lankan economic crisis, apparel orders from island nation diverting to India
Countries importing textile products from Sri Lanka have now started moving towards Indian exporters as Sri Lanka continues to reelContinue Reading
Fitch Places 13 Sri Lankan Banks on Rating Watch Negative
Fitch Ratings has placed the National Long-Term Ratings of 13 Sri Lankan banks on Rating Watch Negative (RWN). The banksContinue Reading
Forex reserves declining in Nepal: Is the Himalayan kingdom going south the Sri Lanka way?
Nepal’s economy seems to be heading south, the Sri Lankan way. The country is facing an economic crisis that hasContinue Reading
Loss making SriLankan Airlines to lease up to 21 aircraft to expand fleet, slammed by opposition
Cash-strapped Sri Lanka’s loss-making national carrier announced plans on Thursday (April 14) to lease up to 21 aircraft, just twoContinue Reading
Elon Musk makes offer to buy Twitter outright, valuing the company at $43.4 billion
Elon Musk has made an offer to buy Twitter. According to an SEC filing on Thursday, Musk has offered toContinue Reading
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
India open to additional $2 bln aid for Sri Lanka with eye on China
April 13 (Reuters) – India is willing to commit up to another $2 billion in financial assistance to Sri LankaContinue Reading
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
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