Official data shows Sri Lanka needs nearly $7 billion to service its foreign debt this year, but the country’s external reserves at the end of January were only $2.07 billion — just enough to finance …
Sri Lanka’s apparel sector struggles with rolling power cuts
Indika Prasanna Kumara ventures out every afternoon to try to find 200 litres of diesel for the Broadway Kids apparel factory in Sri Lanka so it can run its generators during power cuts and keep …
India wins toss and opts to bat in Kohli’s 100th test
Rohit Sharma won the toss in his first test as India’s test captain and opted to bat in the series opener against Sri Lanka, giving Virat Kohli an early chance to do what he does best in his 100th …
Why am I building a Start-Up in Turkey now?
My story is an International one, and so it is not surprising that I am building a business now from Turkey. I was born in Sri Lanka, travelled the world while growing up with my Diplomat father; grew …
Why am I building a Start-Up in Turkey now?
My story is an International one, and so it is not surprising that I am building a business now from Turkey. I was born in Sri Lanka, travelled the world while growing up with my Diplomat father; grew …
IMF urges Sri Lanka to raise taxes, devalue currency
The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable”, and called for devaluation and higher taxes to revive the almost bankrupt economy.
IMF Executive Board Concludes 2021 Article IV Consultation with Sri Lanka
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Sri Lanka on February 25, 2022. Sri Lanka has been hit hard by COVID-19. On the eve of the …
IMF Executive Board Concludes 2021 Article IV Consultation with Sri Lanka
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Sri Lanka on February 25, 2022. Sri Lanka has been hit hard by COVID-19. On the eve of the …
IMF urges Sri Lanka to focus on monetary policy to tackle inflation risks
The International Monetary Fund (IMF) said on Wednesday Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst …
Sri Lanka releases USD 31 Mn for Diesel; TUs allege banks are pressured to release USD
Sri Lanka’s Energy Ministry on Wednesday (2) confirmed that USD 31 Million was released to secure the 37,300 MT of Diesel shipment – Get the latest breaking news and top stories from Sri Lanka, the …