IMF plans in-person Sri Lanka mission in coming weeks for policy talks LONDON: The International Monetary Fund (IMF) is planning a staff-level mission in the coming weeks to Sri Lanka “to... Published 09 Jun, 2022 08:13pm
World Power restored in crisis-hit Sri Lanka, UN unveils $47mn aid plan COLOMBO: Striking power sector workers returned to work in Sri Lanka on Thursday after the president promised to... Published 09 Jun, 2022 05:30pm
Markets Cash-strapped Sri Lanka gets Russian oil to ease shortages COLOMBO: Cash-strapped Sri Lanka took delivery Saturday of Russian oil -- which could soon be subject to a European... Published 28 May, 2022 09:06pm
World Sri Lanka needs $75 million in next few days for essential imports: PM COLOMBO: Sri Lanka’s prime minister said on Monday the country needed to secure $75 million in foreign exchange in... Published 16 May, 2022 07:52pm
World Sri Lanka PM quits after supporters run riot COLOMBO: Sri Lankan Prime Minister Mahinda Rajapaksa resigned Monday after dozens of people were hospitalised when... Updated 09 May, 2022 04:39pm
World One dead after police fire on protesters in Sri Lanka amid bailout talks with IMF COLOMBO: Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring a... Published 19 Apr, 2022 09:26pm
Markets Sri Lanka says it won't rush to IMF despite rising economic risks COLOMBO: Sri Lanka's foreign exchange reserves are plummeting, essential imports are stalling and opposition leaders... Published 11 Feb, 2022 06:56pm
Markets Sri Lanka's Dec 2021 trade deficit widens as imports spike COLOMBO: Sri Lanka's Central Bank on Friday said the country's trade deficit in December 2021 had widened to $1.09... Published 11 Feb, 2022 05:28pm
Markets Sri Lanka signs $500mn credit line for fuel with India COLOMBO: Sri Lanka signed a $500 million credit line with India to import fuel on Wednesday, officials said, as the... Published 02 Feb, 2022 06:26pm
Business & Finance Sri Lanka food inflation hits record 25pc COLOMBO: Food inflation in crisis-hit Sri Lanka hit a record 25 percent in January, the statistics office said... Published 02 Feb, 2022 04:45am
Markets Sri Lanka inflation hits record 14 percent as food crisis worsens COLOMBO: Sri Lanka consumer prices shot up a record 14 percent in December, surpassing a previous high of 11.1 from ... Updated 22 Jan, 2022 04:02pm
World Sri Lanka plans laws, fast-track measures to attract foreign exchange COLOMBO: Sri Lanka will introduce new laws to attract investments over the next three years while policies to ... Updated 18 Jan, 2022 03:11pm
Print Sri Lanka seeks Chinese debt reschedule for crashing economy COLOMBO: Sri Lanka’s President Gotabaya Rajapaksa asked China to help restructure debt repayments as part of... Updated 10 Jan, 2022 09:16am
Markets Sri Lanka to settle $251mn oil import dues to Iran by bartering tea COLOMBO: A Sri Lankan minister on Wednesday said the country plans to settle $251 million in oil import dues owed to... Published 22 Dec, 2021 12:43pm
World Sri Lanka inflation hits record high as food crisis looms COLOMBO: Sri Lanka's inflation hit a record 11.1 percent in November, official figures showed Wednesday, and... Updated 22 Dec, 2021 12:34pm
Markets Sri Lanka hikes fuel prices as economic crisis worsens COLOMBO: Sri Lanka raised fuel prices Tuesday and warned of possible petrol rationing with importers struggling to... Published 21 Dec, 2021 12:52pm
Markets Fitch downgrades Sri Lanka to 'CC' on higher debt default risk COLOMBO: Fitch Ratings on Saturday downgraded Sri Lanka's sovereign rating to 'CC' from 'CCC', citing a growing risk... Published 18 Dec, 2021 04:17pm
Business & Finance Sri Lanka economy slumps in face of forex crisis COLOMBO: Sri Lanka's economy shrank in the third quarter as a foreign exchange crisis wrecked its recovery from the... Published 16 Dec, 2021 11:34am