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Tag: Sri Lanka

Posted on February 22, 2023

Sysco Executive VP rates Sri Lanka high for delivery centre prowess

Sri Lanka has a great talent pool in its university pipeline – full of innovative spirits – so the country must continue to invest in its talent and science and technology programs, as this is …
Posted on February 22, 2023

Most global-inclusive finance platform originating from Sri Lanka transforming world communities

Success didn’t happen overnight for U Thant Zin, nor did it come easily. U Thant Zin is a paddy farmer in Auglan, Myanmar. For smallholder farmers like him, the lack of collateral and expertise in the …
Posted on February 22, 2023

CORRECTED-UPDATE 1-Sri Lanka to make $2.6 bln in loan repayments in first half of year

By Uditha Jayasinghe COLOMBO, Feb 21 (Reuters) – Sri Lanka’s cabinet has approved loan repayments worth $2.6 billion in the first half of this year, in line with its debt suspension plans, its cabinet …
Posted on February 22, 2023

IMF only option available to Sri Lanka to overcome economic crisis, says PM Wickremesinghe

Different political parties are presenting different stories. I suggested to them to let me know if there is another way to resurrect the collapsed economy: Ranil Wickremesinghe …
Posted on February 22, 2023

IMF only option available to Sri Lanka to overcome economic crisis, says Wickremesinghe

Sri Lankan President Ranil Wickremesinghe on February 21 emphasised that seeking the IMF bailout package was the only option available to the debt-ridden country to overcome the ongoing economic …
Posted on February 22, 2023

CORRECTED-UPDATE 1-Sri Lanka to make $2.6 bln in loan repayments in first half of year

By Uditha Jayasinghe COLOMBO, Feb 21 (Reuters) – Sri Lanka’s cabinet has approved loan repayments worth $2.6 billion in the first half of this year, in line with its debt suspension plans, its cabinet …
Posted on February 22, 2023

Obstructing 2023 LG polls jeopardises Sri Lanka’s democracy – Freedom People’s Alliance

The newly formed Freedom People’s Alliance (FPA) has raised concerns over the recent resistance displayed by the Ministry of Finance to release the fund required to hold to upcoming 2023 Local Governm …
Posted on February 22, 2023

Securities And Exchange Commission On Sri Lanka Gets A New Chairman

Veteran banker, Faizal Salieh, has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). …
Posted on February 21, 2023

Electricity bill hike adds to misery of Sri Lankans amid crisis

The 66 percent price increase is latest measure by island nation to clinch a $2.9bn IMF loan to tackle economic crisis.
Posted on February 21, 2023

“How Can We Manage”: Power Price Hike Pushes Crisis-Hit Sri Lanka On Brink

The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66% increase means he can’t afford to pay for electricity but can’t manage without it …

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