Sri Lanka’s economy returns to growth, led by agriculture
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s economy grew by 1.6% in the quarter from July to September, official data showed on Friday, as …
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Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw …
Sri Lanka’s key inflation rate eases to 4% in August
COLOMBO (Reuters) -Sri Lanka’s key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued …
Analysis-A year later, Sri Lanka’s tentative economic recovery eludes the poor
By Uditha Jayasinghe COLOMBO (Reuters) – A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdown of the …
Sri Lanka’s key inflation rate eases to 25.2% in May
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on …
Sri Lanka’s key inflation rate eases to 50.3% in March
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s key inflation rate eased to 50.3% in March from 50.6% in February, the statistics department said on …
Sri Lanka’s national consumer price inflation at 53.6% in Feb
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics …
Sri Lanka’s rate hike shows commitment to rapid disinflation – IMF
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s decision to raise interest rates shows the crisis-hit country’s commitment to reducing inflation quickly towards single-digit levels, …
Sri Lanka’s key inflation rate eases to 54.2% in January
(Reuters) – Sri Lanka’s key inflation rate eased to 54.2% in January from 57.2% in December, the country’s statistics department said on Tuesday. The Colombo …
Sri Lanka’s national consumer price inflation eases to 65% in Nov
(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 65% in November after a 70.6% jump in October, the statistics department said …
World Bank approves Sri Lanka’s concessional funding request
COLOMBO (Reuters) – The World Bank has approved crisis-hit Sri Lanka’s request to access concessional financing from the International Development Association so as to help …
Sri Lanka’s debt to China close to 20% of public external debt -study
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sri Lanka owed Chinese lenders $7.4 billion – nearly a fifth of its public external …
Sri Lanka’s key inflation rate eases to 66% in October
(Reuters) -Sri Lanka’s key inflation rate eased to 66% in October after hitting 69.8% in September, the crisis-struck country’s statistics department said on Monday. The …
Sri Lanka’s key inflation rate surges to record, keeps central bank pressured
By Uditha Jayasinghe COLOMBO (Reuters) -A key measure of Sri Lanka’s consumer inflation surged to an annual record 69.8% in September, official data showed on …
Sri Lanka’s president to cut spending in interim budget
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s president is set to slash expenditure when he presents an interim budget on Tuesday to see the …
Sri Lanka’s ruling party asks new president to help with ex-leader Rajapaksa’s return
COLOMBO (Reuters) – Sri Lanka’s ruling party has asked the country’s new president to provide security and other assistance for his predecessor who fled to …
Sri Lanka’s Wickremesinghe voted in as next president
COLOMBO – Sri Lanka’s acting President Ranil Wickremesinghe will be the country’s next president until 2024, a parliament vote count showed on Wednesday.
Yellen says it’s in China’s interest to restructure Sri Lanka’s debt
By Andrea Shalal and Marc Jones NUSA DUA, Indonesia – China is a “very important” creditor of Sri Lanka and it would likely be in …
Sri Lanka’s Gotabaya Rajapaksa: Civil war victor brought down by protests
By Alasdair Pal (Reuters) – Sri Lanka’s Gotabaya Rajapaksa, who oversaw a ruthless crushing of Tamil Tiger guerrillas to end a long-running civil war and …
Sri Lanka’s ruling family in fight for survival as crisis worsens
By Alasdair Pal and Uditha Jayasinghe WEERAKETIYA, Sri Lanka – His beloved villa has been daubed in graffiti by protesters, and a museum dedicated to …
Explainer-Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation …
Sri Lanka’s president will not resign, despite protests – minister
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO -Sri Lankan President Gotabaya Rajapaksa will not resign, a minister said on Wednesday, despite demonstrations against his handling …
Sri Lanka’s apparel sector struggles with rolling power cuts
By Uditha Jayasinghe COLOMBO – Indika Prasanna Kumara ventures out every afternoon to try to find 200 litres of diesel for the Broadway Kids apparel …