Sri Lanka inflation rises to 2.4% on year in June COLOMBO: Sri Lanka’s consumer price inflation rose to 2.4% year-on-year in June from 1.6% in May, official data... Published 22 Jul, 2024 03:05pm
World Sri Lanka scraps plan to sell loss-making national airline COLOMBO: Sri Lanka has scrapped plans to sell off its indebted national airline despite shortlisting three potential... Published 19 Jul, 2024 01:50pm
Markets Sri Lanka to cut power prices by 22.5% from Tuesday COLOMBO: Sri Lanka will cut power prices by 22.5% from Tuesday, the utilities regulator said, as the Indian Ocean... Published 15 Jul, 2024 03:43pm
World Sri Lanka to save $3bn in debt write-offs post bond rework, president says COLOMBO: Sri Lanka will save $3 billion in debt write-offs from commercial creditors once a provisional deal to... Published 05 Jul, 2024 05:28pm
Markets Sri Lanka bond holders agree to take 28% haircut: govt COLOMBO: Sri Lanka’s private creditors have accepted a 28 percent haircut on $12.5 billion in sovereign bonds, the... Published 04 Jul, 2024 11:40am
World Sri Lanka’s economic crisis and debt deal with bilateral creditors COLOMBO: Sri Lanka signed an agreement with its bilateral creditors led by Japan and India, Sri Lankan president’s... Published 26 Jun, 2024 03:15pm
World Sri Lanka likely to sign bilateral debt agreements on Wednesday, foreign minister says COLOMBO: Sri Lanka was expecting to sign the bilateral debt restructuring agreements with key creditors Japan and... Published 25 Jun, 2024 11:56am
World Sri Lanka’s economic recovery strengthens in first quarter COLOMBO: Sri Lanka’s economy grew 5.3% year-on-year in the first three months of 2024, official data showed on... Published 14 Jun, 2024 05:34pm
Business & Finance ‘Procedural issues’ delaying Sri Lanka debt deal: IMF COLOMBO: Sri Lanka’s planned foreign debt restructure after an unprecedented economic crisis has been delayed by... Published 14 Jun, 2024 11:54am
World IMF approves second review of Sri Lanka’s $2.9bn bailout, warns of economic risks COLOMBO: The International Monetary Fund (IMF) approved the second review of Sri Lanka’s $2.9 billion bailout, but... Published 13 Jun, 2024 10:52am
Business & Finance Sri Lanka to start talks with Malaysia on free trade agreement COLOMBO: Sri Lanka will start talks on a free trade agreement with Malaysia as it seeks to improve trade ties to... Published 12 Jun, 2024 03:16pm
World Sri Lanka cabinet approves new economic law to meet IMF targets COLOMBO: Sri Lanka’s cabinet has approved a new economic law that will cover key targets set by the International... Published 14 May, 2024 02:38pm
Business & Finance Sri Lanka aims to halve debt servicing costs, central bank chief says COLOMBO: Sri Lanka is committed to achieving debt sustainability at the earliest and aims to halve the servicing... Published 07 May, 2024 02:41pm
World Sri Lanka detains nearly 15,000 in drug crackdown COLOMBO: Sri Lanka’s police announced Sunday the arrests of nearly 15,000 people during a week-long military-backed... Published 24 Dec, 2023 10:21am
World World Bank releases $250mn to boost Sri Lanka reforms COLOMBO: The World Bank said Wednesday it had released $250 million to support bankrupt Sri Lanka’s tough economic... Published 20 Dec, 2023 05:44pm
World Sri Lanka records first growth after debt default COLOMBO: Sri Lanka’s economy grew in the September quarter, the central bank said Saturday, its first expansion... Published 16 Dec, 2023 03:21pm
World Sri Lanka grows 1.6% in Q3, first economic expansion in six quarters COLOMBO: Sri Lanka’s economy grew by 1.6% in the quarter from July to September for the first time in six quarters,... Published 15 Dec, 2023 05:06pm
Business & Finance Sri Lanka extends restrictions on outward remittances by 6 months Sri Lanka extended restrictions on outward remittances by six months to manage foreign exchange reserves, cabinet... Published 12 Dec, 2023 01:17pm
World Sri Lanka approves VAT hike to 18% ahead of IMF review COLOMBO: Sri Lanka’s parliament approved a hike in value-added tax (VAT)to 18% from 15% on Monday ahead of the... Published 11 Dec, 2023 07:09pm
Business & Finance Sri Lanka lifts import ban on trucks, heavy vehicles COLOMBO: Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy vehicles for the first time since... Published 15 Aug, 2023 01:31pm
World Sri Lanka seeks reclassification for cheaper ADB funding Sri Lanka’s Foreign Minister Ali Sabry met the vice president of the Asian Development Bank on Tuesday seeking a... Published 02 May, 2023 02:17pm
Markets IMF raises Asia’s economic forecast on China recovery, warns of risks The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned... Published 02 May, 2023 10:59am
Business & Finance Chinese state-owned firm to build major Sri Lanka port complex COLOMBO: A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by... Published 01 May, 2023 05:35pm
World Sri Lanka’s inflation dips as IMF bailout kicks in COLOMBO: Cash-strapped Sri Lanka’s inflation eased to 35.3 percent, the lowest in a year, the statistics office said... Published 28 Apr, 2023 08:52pm
World Sri Lanka expects to finalise domestic debt rework by May LONDON/COLOMBO: Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it... Published 30 Mar, 2023 08:31pm
World Bankrupt Sri Lanka clears budget as IMF bailout delays COLOMBO: Crisis-hit Sri Lanka’s parliament Thursday approved President Ranil Wickremesinghe’s 2023 budget, vital to... Published 08 Dec, 2022 08:11pm
World Sri Lanka resumes bailout discussions with IMF, finance ministry says NEW DELHI: Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout... Published 29 Jul, 2022 07:40pm
World Sri Lankan president says regrets crisis, expands cabinet ahead of IMF talks COLOMBO: Sri Lanka’s embattled president announced 17 new ministerial appointments on Monday, notably leaving out... Published 18 Apr, 2022 08:00pm
Markets Sri Lanka central bank tightens trade rules to improve forex reserves COLOMBO: Sri Lanka’s Central Bank on Saturday tightened restrictions on exporters requiring them to repatriate... Published 12 Mar, 2022 10:03am
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost