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Tag: Sri Lanka

Posted on January 10, 2023

Sri Lankan shares extend losses as financials weigh

Sri Lankan shares closed lower for the fourth straight day on Tuesday, dragged down by losses in financial stocks. The CSE All-Share index fell 0.15% to 8,367.69, exchange data showed. Sri Lanka’s …
Posted on January 8, 2023

FACETS Sri Lanka gem & jewellery exhibition opens

One of the most sought after international gem and jewellery shows on the global procurement and sourcing calendar, FACETS Sri Lanka Premier Edition was inaugurated by Minister of Industries and …
Posted on January 8, 2023

Hedge funds holding up vital debt relief for crisis-hit Sri Lanka, warn economists

Statement from 182 experts say only debt cancellation offers chance of recovery but investors are playing hardball …
Posted on January 8, 2023

Dhaka goes Metro, Colombo stays tuk-tuk: Burgeoning Bangladesh and Backsliding Sri Lanka

Rajan Philips On December 11, the Sunday Observer reported that the Japanese Government has agreed to reopen the Colombo-Malabe light rail project more than two years after it was highhandedly …
Posted on January 7, 2023

Trysts With Sri Lanka’s Ghosts

In the Booker Prize-winning “The Seven Moons of Maali Almeida,” the past haunts a country racked by unresolved death.
Posted on January 7, 2023

Pakistan sliding deeper into Chinese infra debt trap? What $10 bn rail loan could entail

Borrowing $10bn for ML-1 could create additional risks for Pakistan as China accounts for 30% of its foreign debt. Analysts draw parallels with Sri Lanka’s ‘poor’ borrowing choices.
Posted on January 7, 2023

Pakistan sliding deeper into Chinese infra debt trap? What $10 bn rail loan could entail

Borrowing $10bn for ML-1 could create additional risks for Pakistan as China accounts for 30% of its foreign debt. Analysts draw parallels with Sri Lanka’s ‘poor’ borrowing choices.
Posted on January 7, 2023

India’s response to Sri Lanka’s request for debt restructuring expected by January end: Wickremesinghe

Read more about India’s response to Sri Lanka’s request for debt restructuring expected by January end: Wickremesinghe on Devdiscourse …
Posted on January 7, 2023

Economic Recovery Continues To Elude Sri Lanka; So Does IMF Bailout

When 2023 dawned, Sri Lanka breathed a sigh of relief as it marked the end of the most turbulent year since the island nation’s independence from British colonial rule in 1948. What started with …
Posted on January 7, 2023

Pakistan seeks Sri Lanka-style US$3bn ‘bridging finance’ from Saudi Arabia

Pakistan has sought a 3 billion US dollar loan from Saudi Arabia in the style of Sri Lanka’s frequent ‘bridging finance’ as monetary instability created forex shortages and its central bank ran out of …

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