IMF pushes Sri Lanka to clinch debt deal with China COLOMBO: Sri Lanka must speed up debt restructuring with key bilateral lender China and other creditors to sustain a... Published 21 Mar, 2024 06:34pm
Business & Finance Bankrupt Sri Lanka to seek debt moratorium until 2028 COLOMBO: Sri Lanka’s president said Wednesday he was seeking a moratorium on foreign debt repayments until 2028,... Published 06 Mar, 2024 02:56pm
World Sri Lanka could exit bankruptcy by September, says president COLOMBO: Sri Lanka could exit bankruptcy by September, President Ranil Wickremesinghe said on Friday, signalling a... Updated 30 Jun, 2023 02:37pm
Markets Sri Lankan shares rise as central bank cuts rates, signals rebound from crisis Sri Lankan shares rose on Thursday after the country’s central bank cut key interest rates by 250 basis points on... Published 01 Jun, 2023 12:06pm
World Debt-ridden Sri Lanka gets $350mn loan boost from Asian Development Bank COLOMBO: The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide... Published 29 May, 2023 02:01pm
Markets Japan, India and France announce common platform for Sri Lanka creditors WASHINGTON: Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to... Published 14 Apr, 2023 10:59am
World Strike grips Sri Lanka as unions protest IMF bailout COLOMBO: Bankrupt Sri Lanka’s hospitals were crippled and transport disrupted on Wednesday as trade unions protested... Updated 15 Mar, 2023 08:08pm
World Sri Lanka president says no side arrangements with any creditor COLOMBO: Sri Lanka will not make side arrangements with any of its bilateral or commercial creditors to reduce the... Published 14 Mar, 2023 08:43pm
Business & Finance Sri Lanka to announce debt restructuring strategy in April COLOMBO: Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial... Published 10 Mar, 2023 03:46am
World IMF mulls loan approval to Sri Lanka, even without China’s assurance The International Monetary Fund (IMF) is considering approving a loan for Sri Lanka, even without China’s assurance... Published 17 Feb, 2023 10:16pm
Business & Finance Bankrupt Sri Lanka hikes power prices again for IMF deal COLOMBO: Sri Lanka’s electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the... Published 16 Feb, 2023 11:34am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?