IMF links SL bailout to tackling corruption COLOMBO: Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF ... Published 22 Mar, 2023 06:24am
World IMF approves Sri Lanka's $2.9bn bailout COLOMBO: Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9... Published 20 Mar, 2023 10:55pm
Markets Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout COLOMBO: Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil... Published 20 Mar, 2023 03:43pm
Pakistan Need stressed to further strengthen Pak-SL relations PESHAWAR: High Commissioner of Sri Lankan (SL) in Pakistan Vice Admiral Mohan Wijewickrama has called for further... Published 20 Mar, 2023 06:12am
Sports Sri Lanka set New Zealand 285-run target CHRISTCHURCH: Sri Lanka, bolstered by a classy century from Angelo Mathews, were all out for 302 Sunday leaving New... Published 12 Mar, 2023 10:59am
Sports Sri Lanka rip through top order to leave New Zealand in trouble CHRISTCHURCH: Sri Lanka’s bowlers ripped through the New Zealand top order, including snaring the key wicket of Kane... Published 10 Mar, 2023 10:59am
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 China offers Sri Lanka debt moratorium, promises deal on debt treatment: letter COLOMBO: The Export-Import Bank of China has told Sri Lanka it will not seek immediate repayment of debt for 2022... Published 08 Mar, 2023 12:25pm
Business & Finance IMF board poised to approve $2.9bn Sri Lanka bailout on 20th WASHINGTON: The International Monetary Fund on Tuesday said Sri Lanka has secured financing assurances from all ... Published 08 Mar, 2023 06:20am
World Sri Lanka president says China agrees to restructure loans COLOMBO: Sri Lanka’s president said Tuesday that China had agreed to restructure its loans to the bankrupt island... Updated 07 Mar, 2023 12:51pm
Business & Finance Sri Lanka to relax currency band as it moves towards market-driven exchange rate COLOMBO: Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts... Published 06 Mar, 2023 08:09am
World Sri Lanka workers defy strike ban to protest rescue plan COLOMBO: Sri Lankan workers went on strike Wednesday in defiance of a government ban to protest a rescue plan for... Published 01 Mar, 2023 12:47pm
Markets World Bank’s IFC to provide Sri Lanka with $400mn financing COLOMBO: The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri... Published 27 Feb, 2023 12:25pm
World IMF flags debt restructuring hurdles for distressed economies Managing Director Kristalina Georgieva's comments come on sidelines of G20 meeting Updated 25 Feb, 2023 05:19pm
World G20 meeting in India: where debt-ridden countries including Pakistan are in focus LONDON: Meetings being held in India will see top officials from the Group of 20 leading economies discuss how to... Published 24 Feb, 2023 10:17pm
World India’s troubled Adani invests in bankrupt Sri Lanka COLOMBO: Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared... Published 23 Feb, 2023 11:48am
Sports England’s absence robs WTC final of ‘Bazball’ buzz NEW DELHI: This year’s World Test Championship (WTC) final will again be a party without hosts, leaving England fans... Published 21 Feb, 2023 11:42am
Sports New Zealand knock Sri Lanka out of T20 World Cup in 102-run rout PAARL: New Zealand kept their Women's T20 World Cup hopes alive with a 102-run rout of Sri Lanka at Boland Park in... Published 20 Feb, 2023 01:29am
Markets Debt in focus as G20 finance chiefs meet in India NEW DELHI: G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia’s... Published 16 Feb, 2023 11:06am
Business & Finance Paris Club creditors give assurances to support IMF bailout for Sri Lanka LONDON: The Paris Club of creditors has given financing assurances to support the International Monetary Fund’s... Published 13 Feb, 2023 05:57am
World Sri Lanka bankruptcy to last until 2026: president COLOMBO: Sri Lanka’s president said Wednesday the island nation will remain bankrupt for at least three more years... Published 08 Feb, 2023 01:53pm
Pakistan Khar meets Sri Lankan president ISLAMABAD: Minister of State Hina Rabbani Khar called on President of Sri Lanka Ranil Wickramasinghe in Colombo on... Published 05 Feb, 2023 03:10am
Markets Deal or default: Pakistan’s economy set for an endgame Distressed by debt, many analysts expect 'reprofiling' rather than mass write-off of payments Published 01 Feb, 2023 01:13pm
World Sri Lanka economy could shrink by -3.5% to -4%, president says COLOMBO: Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil... Published 28 Jan, 2023 06:35pm
Markets China’s EXIM bank gives Sri Lanka debt extension BEIJING: China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s foreign... Published 26 Jan, 2023 09:39am
Print Imran vows to seek IMF’s help after winning elections LAHORE: Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan said if he came into power in the... Published 26 Jan, 2023 05:58am
World China offers Sri Lanka debt moratorium NEW DELHI /COLOMBO: The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said... Published 25 Jan, 2023 06:25am
Markets Sri Lanka hopeful of completing debt restructuring in six months, says central bank chief COLOMBO: Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring... Published 24 Jan, 2023 12:07pm
Print Food inflation highest in South Asia after Sri Lanka: World Bank ISLAMABAD: The consumer price inflation for food items in Pakistan was 35.5 per cent in December on year-on-year... Updated 19 Jan, 2023 08:41am
World India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF COLOMBO: India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring... Published 18 Jan, 2023 07:09pm