Sri Lanka cenbank to hold rates as inflation worries persist
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained…
By Karen Lema and Tetsushi Kajimoto MANILA/TOKYO (Reuters) – The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a top official of the regional…
COLOMBO (Reuters) – Sri Lanka will step up efforts to revive a stalled free trade pact with Singapore, President Ranil Wickremesinghe told the city state’s premier on Tuesday, his office…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions of dollars of its debt…
By Uditha Jayasinghe (Reuters) – Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as the island nation reels under its worst economic…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka should improve human rights and strengthen institutions to tackle the humanitarian challenges that have sprung from its worst financial crisis in seven…
By Devjyot Ghoshal and Uditha Jayasinghe KILINOCHCHI/COLOMBO, Sri Lanka – Nallathambi Mahendran walked through his four acres of emerald green paddy fields in northern Sri Lanka’s Kilinochchi district, indicating the…
By Uditha Jayasinghe COLOMBO – Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as…
NEW DELHI – Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday.…
By Yew Lun Tian BEIJING – Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s envoy to Beijing said on Monday…
By Uditha Jayasinghe COLOMBO – Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign exchange, its energy minister said on Monday,…
By Alasdair Pal COLOMBO – Sri Lanka’s imposing presidential secretariat which was stormed by a sea of protesters in early July, forcing out then incumbent Gotabaya Rajapaksa, was almost deserted…
(Corrects to add dropped word ‘Sri Lanka’ to headline) (Reuters) – Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing…
‘What The Green New Deal Looks Like’: Tucker Hammers AOC Over Sri Lanka Collapse Harold Hutchison on July 12, 2022 UPDATE: This story has been updated to reflect comments from…
NEW DELHI – Sri Lankan Prime Minister Ranil Wickremesinghe has declared a state of emergency in his role as the acting president, after President Gotabaya Rajapaksa fled to the Maldives…
By Devjyot Ghoshal and Alasdair Pal (Reuters) – Sri Lanka’s economic crisis looks to have finally toppled President Gotabaya Rajapaksa. Rajapaksa fled the country early on Wednesday, likely headed to…
COLOMBO – Leaders of the protest movement in Sri Lanka who have forced the president and prime minister out of their official residences said on Sunday they will occupy the…
By Devjyot Ghoshal and Alasdair Pal COLOMBO – Sri Lanka’s economic crisis looks to have finally toppled President Gotabaya Rajapaksa. Rajapaksa has not commented directly but he plans to step…
NEW DELHI – The International Monetary Fund (IMF) said it is hoping for a resolution to Sri Lanka’s political turmoil that will allow a resumption of talks for a bailout…
COLOMBO – Sri Lanka’s Prime Minister on Saturday summoned an emergency meeting of political party leaders after protesters stormed the president’s house in the commercial capital Colombo amid growing anger…
By Uditha Jayasinghe COLOMBO -Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for…
By Uditha Jayasinghe COLOMBO -Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and transport costs, as the island nation grappled with its…
COLOMBO – Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island…
By Uditha Jayasinghe COLOMBO – One of Sri Lanka’s richest businessmen will replace the president’s brother in parliament, a ruling party official said on Friday, as the cash-strapped country moves…
By Uditha Jayasinghe COLOMBO – Sri Lanka is aiming to attract well over $1 billion in foreign direct investment this year, an official said on Friday, as the country wrestles…