“Sri Lanka will no longer be deemed bankrupt,” President Ranil … He worried that despite a historic people’s uprising, the ruling class has returned to politics and business as usual. Meanwhile, …
Sri Lanka considers options for domestic debt restructuring post-IMF bailout
Cash-strapped Sri Lanka is exploring the options for domestic debt restructuring in the post-IMF bailout scenario to further stabilise its shaken economy, an official statement said on Friday. Sri …
New Zealand Beat Sri Lanka By Six Wickets, Win ODI Series 2-0
New Zealand capitalized on another failure by Sri Lanka’s batters and avoided one of its own to win the third one-day international by six wickets in Hamilton on Friday and to take the three-match …
Young guides Blackcaps to one-day series victory over Sri Lanka at Hamilton
Middle-order batter Will Young’s steady hand has guided New Zealand to a one-day series victory over Sri Lanka at Hamilton’s Seddon Park. Chasing a modest 157-run target set by the tourists, the …
IMF’s Package to Sri Lanka Includes Corruption Fixing
On March 20, the International Monetary Fund (IMF) extended a $2.9 billion Extended Fund Facility (EFF) to support Sri Lanka. The approval is expected to pave the way for other financial institutions …
Why Tim Draper Is Betting on Sri Lanka’s Startup Scene
“Sri Lanka has been painted into a corner,” he told the crowd, a mix of local business brass and startup founders. “Entrepreneurs can be the little ripple that turns a tidal wave of economic growth.” …
Bhutan yields to Chinese salami-slicing pressure in Doklam, causing immediate impact on India
President Xi Jinping-led China has made successful inroads into Pakistan, Nepal, Sri Lanka, Myanmar, and to an extent Bangladesh, using financial inducements, project finance, infrastructure …
“Despite economic downturn new property development visible”
Despite an economic downturn in Sri Lanka and high cost of materials, new property development is taking place, said Managing Director of LankaPropertyWeb, Daham Gunaratna at the eighth annual Lanka …
SL seeks transaction advice from IFC to sell SLT, SriLankan Airlines and Lanka Hospitals
Sri Lanka, March 30 — Sri Lanka is negotiating with the International Finance Corporation (IFC), a member of the World Bank Group, to seek its service as transaction advisor for the sale of the …
Business World International Organisation awards HelpAge Sri Lanka
Rohan de Silva and Prof. Dietmar Doering The USA-based Business World International Organisation recently awarded its Lifetime Achievers Award to HelpAge Sri Lanka Chairman Deshabandu Tilak de Zoysa, …