Tag: sri lanka economic crisis
Sri Lanka not averse to using Indian rupee as common currency: President Wickremesinghe
COLOMBO: Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of…
Inflation eases sharply in bankrupt Sri Lanka
COLOMBO: Sri Lanka’s inflation eased to 12 percent in June, official data showed Saturday, the lowest figures since the island nation careened into an unprecedented…
Sri Lanka can’t afford to hold presidential polls this year: Cabinet
COLOMBO: Sri Lanka is not in the position to hold a snap presidential election this year because of the ongoing economic crisis and the government’s…
Sri Lanka lifts import restrictions on 286 items as economic woes eases
COLOMBO: Sri Lanka has lifted import restrictions on nearly 300 items with immediate effect, the finance ministry announced on Saturday, in a clear sign that…
Sri Lanka’s economic recovery remains challenging: IMF
Cash-strapped Sri Lanka’s economy showed “tentative signs of improvement” but recovery remains challenging and Colombo must pursue painful reforms, the IMF said Friday.The International Monetary…
China assures Sri Lanka of ‘steadfast support’ on its road to economic recovery
COLOMBO: China’s vice minister of foreign affairs Sun Weidong has assured Sri Lankan President Ranil Wickremesinghe of ‘steadfast support’ to overcome the unprecedented economic crisis…
China assures Sri Lanka of ‘steadfast support’ on its road to economic recovery
COLOMBO: China’s vice minister of foreign affairs Sun Weidong has assured Sri Lankan President Ranil Wickremesinghe of ‘steadfast support’ to overcome the unprecedented economic crisis…
Pakistan’s inflation outpaces Sri Lanka’s as Asia’s fastest
Pakistan took the crown for Asia’s fastest inflation from Sri Lanka as a weaker currency and rising food and energy costs drove price gain to…
Sri Lanka receives first tranche of IMF bailout
COLOMBO: Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday.The crisis-ridden island nation was scheduled…
Embattled Adani invests $442 million in cash-strapped Sri Lanka. Details here
In a boost to the embattled Adani Group, Sri Lanka’s Board of Investment on Wednesday approved the commissioning of two wind power plants by Adani…