India has already extended critical help to debit-ridden Sri Lanka as an expression of support to brotherly people. The economic situation in the island nation is still very dire, but the wheels have …
Sri Lankan shares slip as industrials, banks weigh
Sri Lankan shares closed lower on Friday, hurt by losses in industrial and financial stocks, although a surge in Sri Lanka Telecom Plc blunted losses. * The CSE All-Share index settled 0.6% lower at 9 …
Sri Lanka to pay back $200m loan by March, says Bangladesh Bank chief
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023. Abdur Rouf Talukder, governor of Bangladesh Bank, provided a positive outlook on the …
Crisis-hit Sri Lanka — which ran out of fuel earlier this year — snaps up cheap Russian oil for the first time ever
Since March, Sri Lanka has buying so much Russian oil that it now accounts for all the Asian country’s monthly crude imports, Kpler’s vessel-tracking data shows.
Sri Lanka’s creditworthiness discussed with World Bank VP
State Minister of Finance Shehan Semasinghe met with the World Bank Vice President for the South Asia Region, Martin Raiser, and a – Get the latest breaking news and top stories from Sri Lanka, the …
Sri Lanka at CW Finance Ministers Meet
State Minister of Finance, Shehan Semasinghe represented Sri Lanka at the Commonwealth Finance Ministers Meeting (CFMM), while the – Get the latest breaking news and top stories from Sri Lanka, the …
Sri Lanka at CW Finance Ministers Meet
State Minister of Finance, Shehan Semasinghe represented Sri Lanka at the Commonwealth Finance Ministers Meeting (CFMM), while the – Get the latest breaking news and top stories from Sri Lanka, the …
Sri Lanka aims to raise up to US $ 3bn from SoE sell-downs to prop up reserves
aims to raise US $ 2-3bn from SOE sales to prop up external reserves Prez. says it is only short-term way to get a few billion dollars Sri Lanka is looking for a quick boost to its fledgling foreign …
Sri Lanka raises taxes to boost state revenue
COLOMBO: Sri Lanka has raised taxes with retrospective effect by issuing a special gazette, which the analysts said was a move to boost state revenue in the midst of the anticipated deal with the IMF …
IMF Deputy Managing Director Gopinath meets Sri Lankan minister, Central Bank Governor to discuss economic crisis
In September, the IMF announced it will provide Sri Lanka with a loan of about USD 2.9 billion over four years under a preliminary agreement to help the bankrupt island nation tide over its worst …