NEW DELHI (Reuters) – India’s half-century-old decision to end a territorial dispute with Sri Lanka over a tiny island has become a hot-button election issue, … Read more
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – The International Monetary Fund said it remains critical for Sri Lanka to swiftly reach final agreements … Read more
NEW DELHI (Reuters) – Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International … Read more
COLOMBO (Reuters) – Sri Lanka has invited bids for state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises … Read more
COLOMBO (Reuters) -Sri Lanka’s consumer price inflation rate eased to 0.8% year-on-year in September from 2.1% in August, the statistics department said on Monday. The … Read more
NEW DELHI (Reuters) -The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to … Read more
MARRAKECH, Morocco (Reuters) – Sri Lanka’s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund official … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring … Read more
By Jorgelina do Rosario LONDON (Reuters) – Sri Lanka’s private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including … Read more
(Reuters) – Sri Lanka, mired in its worst economic crisis in decades, is in debt restructuring talks with a range of bilateral creditors, including China, … Read more
BENGALURU (Reuters) -Accounting giant Deloitte is acquiring some of rival PricewaterhouseCoopers’ (PwC) Maldives and Sri Lanka network firms, according to a Deloitte memo seen by … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a … Read more
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9 … Read more
(Reuters) – Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the … Read more
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) – Talks between Sri Lanka and its international bondholders will seek common ground on how much … Read more
LONDON (Reuters) – An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka on Tuesday lifted a ban on imports of trucks and other heavy vehicles for the first time … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – The Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks by 200 basis points … Read more
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the … Read more
COLOMBO (Reuters) – Sri Lanka plans to complete free trade talks with Thailand by February and sign an agreement in March, Sri Lanka’s cabinet spokesperson … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is widely expected to loosen monetary policy further on Thursday, following a massive 250-basis-point interest … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its … Read more
COLOMBO (Reuters) – Sri Lanka’s government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the South … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to continue to ease monetary policy, following a 250 basis points rate cut … Read more
WASHINGTON (Reuters) – Sri Lanka is showing a “strong commitment” to implementing economic reforms but must continue this momentum amid a challenging economic environment, International … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates unchanged at its policy meeting this week as it continues … Read more
COLOMBO (Reuters) – An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as … Read more
(Reuters) – Sri Lankan authorities formally presented on Tuesday a request for debt treatment in the first meeting of the official bilateral creditors committee, the … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, … Read more
PARIS (Reuters) – The Paris Club of creditor governments aims to start negotiations to restructure Sri Lanka’s debt, the group said on Friday after a … Read more
By Jorgelina do Rosario and Uditha Jayasinghe WASHINGTON/COLOMBO (Reuters) – Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep interest rates unchanged at a policy meeting next week, a month … Read more
By Jorgelina do Rosario and Uditha Jayasinghe LONDON/COLOMBO (Reuters) – Sri Lanka will kick off a debt rework of part of its domestic debt next … Read more
By Swati Bhat and Uditha Jayasinghe MUMBAI (Reuters) – Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of … Read more
COLOMBO (Reuters) – Sri Lanka’s economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday. … Read more
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised … Read more
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock a $2.9 billion … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates steady as inflation shows signs of easing and as authorities … Read more
COLOMBO (Reuters) – Sri Lanka’s inflation would likely be below 4%-5% by the end of next year if the current fiscal policies are maintained, central … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow … Read more
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka needs to implement budget proposals and reform measures to start earning crucial foreign exchange … Read more
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) rose to a new high of 73.7% in September from a year … Read more
(Reuters) – Sri Lanka Central Bank Governor Nandalal Weerasinghe thinks inflation in the island nation is peaking, with price rises likely to ease this month, … Read more
By Emma Farge and Uditha Jayasinghe GENEVA (Reuters) -The U.N. rights body on Thursday renewed the mandate of a U.N. office to collect and preserve … Read more
COLOMBO (Reuters) – Sri Lanka’s top court has granted permission for proceedings against former President Gotabaya Rajapaksa, the rights group which filed the case against … Read more
TOKYO (Reuters) -Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a government official in Tokyo said on … Read more