Since 2017, Beijing has given a collective $32.8 billion to Sri Lanka, Pakistan, and Argentina, indicating a shift from providing infrastructure to emergency loans.
The Clarks Hotels and Resorts opens its first property in Sri Lanka
The Clarks Hotels and Resorts strengthens its footprints in Sri Lanka by opening The Albatross Golf Resort in Kandy. They are aiming to promote the country to the Indian travellers, and take advantage …
Sri Lanka can’t count on China to solve its debt problems
Can Sri Lanka pivot away from its deep economic and political crisis? A decade of fiscal mismanagement has led to diminishing foreign exchange reserves and government debt that jumped from 91 percent …
Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business, says High Commissioner
Australia has provided SL more support than ever this year, including through $75 million in development funding in 2022-23 = There is great potential in GOSL’s plan to become a regional hub for …
Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business, says High Commissioner
Australia has provided SL more support than ever this year, including through $75 million in development funding in 2022-23 = There is great potential in GOSL’s plan to become a regional hub for …
Visiting USAID head urges China to assist Sri Lanka’s debt restructuring
Visiting USAID Administrator Samantha Power on Sunday urged China, among other creditors, to assist Sri Lanka in restructuring debts to recover …
Visiting USAID head urges China to assist Sri Lanka’s debt restructuring
Visiting USAID Administrator Samantha Power on Sunday urged China, among other creditors, to assist Sri Lanka in restructuring debts to recover …
USAID head urges crisis-hit Sri Lanka to tackle corruption
A visiting U.S diplomat has urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside efforts to to uplift the country’s economy as a way out of its …
Mysterious funds approach Sri Lanka in this crisis
The current crisis in Sri Lanka has presented a fresh opportunity for mysterious funds to extend credit lines to local banks, bankers said. They said this trend has come in the wake of the exchange …
Mysterious funds approach Sri Lanka in this crisis
The current crisis in Sri Lanka has presented a fresh opportunity for mysterious funds to extend credit lines to local banks, bankers said. They said this trend has come in the wake of the exchange …