Sri Lanka's economy shrinks 11.8% in second-worst performance COLOMBO: Sri Lanka’s economy shrank 11.8% in the July-September quarter from a year ago, the second worst for the... Updated 15 Dec, 2022 05:37pm
World Sri Lanka expects up to $8bn more in loans, asset restructuring COLOMBO: Sri Lanka is expecting loans of up to $5 billion next year from multilateral agencies besides a deal with... Updated 14 Dec, 2022 06:14pm
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
Markets Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’ Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”,... Published 01 Dec, 2022 09:03pm
World Sri Lanka postpones debt restructuring talks, hopes for IMF deal in Dec COLOMBO: Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to... Published 17 Nov, 2022 05:54pm
World Sri Lanka aims to have $2.9bn IMF loan finalised in December LONDON: Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion loan by year-end,... Published 23 Sep, 2022 07:40pm
Markets Sri Lankan shares end higher on consumer boost Sri Lankan shares ended up for a third straight session on Monday, helped by gains in consumer stocks, while a... Published 01 Aug, 2022 05:15pm
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
Markets Sri Lankan shares end higher on industrial boost Sri Lankan shares settled higher on Wednesday after two straight sessions of losses, supported by gains in... Published 29 Jun, 2022 06:04pm
World Cash-starved Sri Lanka to end fuel duopoly to ease fuel shortages COLOMBO: Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy... Published 28 Jun, 2022 12:21pm
Markets Sri Lankan shares fall as fuel shortage worsens Sri Lankan shares fell over 2% on Monday, dragged down by industrials and consumer staples, as the country faced... Published 27 Jun, 2022 07:25pm
World Crisis-hit Sri Lanka just days from running out of fuel COLOMBO: Sri Lanka expects to run out of fuel in days, prompting the government to close schools in Colombo and... Published 27 Jun, 2022 06:45pm
Markets Sri Lankan shares post weekly gain as industrials, financials rise Sri Lankan shares extended gains to a fourth straight session on Friday and posted a weekly rise on the back of... Published 24 Jun, 2022 05:54pm
World Crisis-hit Sri Lanka plans donor conference with China, India and Japan COLOMBO: Sri Lanka will call China, India and Japan to a donor conference to drum up more foreign assistance to find... Published 22 Jun, 2022 01:25pm
Markets Sri Lankan shares snap 5-day losing run as industrials boost Sri Lankan shares closed higher on Tuesday, after five straight sessions of losses, supported by industrial and... Published 21 Jun, 2022 06:34pm
World Sri Lanka May consumer prices soar 45.3% y/y, highest since 2015 COLOMBO: Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and... Published 21 Jun, 2022 05:06pm
Markets Sri Lanka left with fuel stocks for around five days, minister says COLOMBO: Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said on Thursday,... Published 16 Jun, 2022 04:36pm
World Sri Lanka risks full-blown humanitarian emergency, UN agency says GENEVA: Sri Lanka is at risk of tipping into a full-blown humanitarian crisis as the country's economy suffers its... Updated 10 Jun, 2022 06:34pm
World 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 Sri Lankan shares snap three-week winning streak Sri Lankan shares closed lower on Friday to snap a three-week winning streak, dragged down by weakness in consumers... Published 03 Jun, 2022 04:50pm
Business & Finance Sri Lanka raise taxes on wine, cheese to curb imports COLOMBO: Cash-strapped Sri Lanka raised tariffs on a wide range of goods including wine and cheese, in a new drive ... Published 02 Jun, 2022 10:33am
Markets Sri Lanka shares fall for seventh session as industrials drag Sri Lankan shares ended lower for a seventh straight session on Wednesday, weighed down by industrial shares, with... Published 01 Jun, 2022 07:20pm
World Crisis-hit Sri Lanka seeking $3bn under IMF Extended Fund Facility A $3 billion deal would represent almost four times the country’s quota with the IMF Published 01 Jun, 2022 06:57pm
Markets Sri Lanka shares end lower as financials weigh Sri Lankan shares closed lower for the sixth straight session on Tuesday, dragged down by financial stocks, as the... Published 31 May, 2022 05:55pm
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
Markets Sri Lanka shares end flat as industrial losses offset consumer gains Sri Lankan shares were unchanged at close on Friday, with gains in consumer staples offset by losses in industrial... Published 27 May, 2022 06:35pm
World IMF says Sri Lanka aid contingent on debt sustainability WASHINGTON: The IMF said Thursday it is committed to helping crisis-battered Sri Lanka, but any aid program will be... Published 26 May, 2022 08:30pm
Markets Sri Lankan shares end lower as industrials weigh Sri Lankan shares ended slightly lower on Wednesday, dragged by industrial stocks, with the crisis-hit nation... Published 25 May, 2022 05:23pm
Markets Industrial stocks drag Sri Lankan shares lower Sri Lankan shares settled nearly 1% lower on Tuesday due to losses in industrial and consumer stocks after the... Published 24 May, 2022 04:24pm