Sri Lanka’s risk premium for a default jumped, reflecting concern that the pandemic is damaging the nation’s ability to fill its foreign-exchange coffers ahead of at least $2.5 billion in dollar debt …
Could Sri Lanka be the next sovereign defaulted Lebanon?
Most economic conditions prior to Lebanon’s default similar to Sri Lanka now Sri Lanka sees unsustainable debt, high Government spending, expensive US$ SL Govt. repeatedly says it will repay all …
Former Maldivian minister arrested in Sri Lanka in child exploitation case
Mohamed Ashmalee, Maldives’ former state minister of finance, and four others were arrested on Sunday in the case.
Ex-Maldives minister, Sri Lanka politicians arrested over child sex racket
A former Maldives minister and several politicians from Sri Lanka’s ruling party were among dozens of people arrested after a child sex racket was busted, police said in Colombo Monday. Others …
COVID-19 | Emirates suspends flights from Pakistan, Bangladesh and Sri Lanka after India
In a statement issued on July 3, the airlines said that only UAE nationals holding the UAE Golden Visas and member of diplomatic missions complying with the revised COVID-19 protocols are exempt from …
Sri Lanka business delegation visits Moscow
A trade and investment promotion mission led by President of the Sri Lanka- Russia Business Council, Nimal S. Cooke, Executive Director of the Maharaja Organisation Projects (Pvt) Ltd, recently visit …
‘Sri Lankans in Singapore building bridges between two countries’
Foreign Minister Gunawardena at the outset, thanked the Sri Lankan community in Singapore and in Brunei Darussalam for their substantial contribution in numerous ways for Sri Lanka’s fight against the …
Sri Lankan expats lose over Rs. 50 mn personal cargo
Nearly USD 50 million worth of personal cargo shipped by Sri Lankan expatriate workers perished with the sinking of the MV Xpress Pearl vessel and no steps have been taken to compensate for these …
‘Sri Lankans in Singapore building bridges between two countries’
Foreign Minister Gunawardena at the outset, thanked the Sri Lankan community in Singapore and in Brunei Darussalam for their substantial contribution in numerous ways for Sri Lanka’s fight against the …
Biggest problem for doing business in Sri Lanka is tax regulations
The latest Global Competitiveness Index for 2009–2010, released this week, has ranked Sri Lanka at 79 out of 133 countries. The index findings also indicate that the ‘most problematic factor for doing …