By Uditha Jayasinghe COLOMBO, May 25 (Reuters) – Sri Lanka is in talks to buy Russian crude and refined fuels from Russia and China, the energy minister said on Monday, as the import-dependent nation …
Sri Lanka in talks to buy fuel from China and Russia, minister says
By Uditha Jayasinghe COLOMBO, May 25 (Reuters) – Sri Lanka is in talks to buy Russian crude and refined fuels from Russia and China, the energy minister said on Monday, as the import-dependent nation …
EU biz roundtable highlights Sri Lanka’s role as a regional maritime and logistics hub
The Delegation of the European Union to Sri Lanka, together with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka), hosted the EU–Sri Lanka Business Roundtable under the …
Sri Lanka hopeful of removing new tax proposed by U.S.: Minister
In the wake of the United States’ proposed additional duties on Sri Lanka, Deputy Minister of Finance Anil Jayantha said yesterday that Sri Lanka has been in discussion with the United States on …
Sri Lanka cuts vehicle and gold loan caps to strengthen lender buffers
Motor car financing LTV cap is lower to 60%, whilst gold-backed lending LTV limit was reduced to 70%. Sri Lanka’s tighter restrictions on vehicle and gold-backed lending will benefit the risk profile …
Sri Lanka cuts vehicle and gold loan caps to strengthen lender buffers
Motor car financing LTV cap is lower to 60%, whilst gold-backed lending LTV limit was reduced to 70%. Sri Lanka’s tighter restrictions on vehicle and gold-backed lending will benefit the risk profile …
Sri Lanka receives further IMF loan installments and demands for escalating austerity
To impose the brutal measures demanded by the IMF, Sri Lanka’s government, backed by every section of the ruling elite, is preparing autocratic forms of rule.
Fitch says Sri Lanka’s tighter lending rules to strengthen finance companies’ risk buffers
Sri Lanka’s tighter rules on vehicle and gold-backed lending will improve lenders’ risk profiles, especially those of finance companies, Fitch Ratings said in a statement on Thursday. The Central Bank …
India’s Once-Thriving Island Vacation Haven With Lovely Beaches Is Now An Abandoned Ghost Town
Once connected to Sri Lanka by rail and sea, this abandoned coastal destination now attracts travelers with beaches, dunes, and ghost town ruins.
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
By Uditha Jayasinghe COLOMBO, May 26 (Reuters) – Sri Lanka’s central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and …