Lanka Economy
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Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
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Ex Sri Lankan Troops, Who Left Crisis-Hit Country For Russia, Duped Into Ukraine War
When Sri Lanka's economy crashed in 2022, people sought work abroad wherever they could find it -- including ex-soldiers who joined forces fighting in Ukraine after Russia's invasion.
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Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
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Sri Lankan Soldiers On Hospital Duties As Health Workers Strike Over Allowances
Sri Lanka sent hundreds of soldiers to key hospitals to help look after patients on Thursday, as hospital orderlies and administrative staff launched a one-day strike nationwide over allowances.
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Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
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Cricket World Cup 2023: Adam Zampa Not Bothered About Economy Rate, Wants To Take More Wickets
Australia defeated Sri Lanka after consecutive losses against India and South Africa in the Cricket World Cup 2023.
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Gautam Adani Meets Lankan President, Port Project, Green Hydrogen Plant Discussed
Billionaire Gautam Adani on Friday proposed to set up a green hydrogen plant in Sri Lanka, where his conglomerate is already developing a container terminal and a 500 MW wind project.
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Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
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Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
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IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
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Sri Lanka Approves Adani Group Investment Worth $442 Million
The wind power plant in Mannar will operate at a capacity of 250 MW (megawatt) while the wind power plant in Pooneryn will operate at a capacity of 100 MW.
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India Firmly Backs Sri Lanka's Bid To Secure IMF Bailout Package
S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.
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India To Encourage Greater Investments In Sri Lanka: S Jaishankar
India will encourage greater investments in Sri Lanka's economy, especially in areas of energy, tourism and infrastructure, External Affairs Minister S Jaishankar said on today.
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"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
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S Jaishankar Arrives In Maldives, To Witness Impact Of Developmental Assistance
S Jaishankar is on a three-day visit to the Maldives and Sri Lanka beginning to further expand bilateral engagement with the two key maritime neighbours of India.
-
Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
-
Ex Sri Lankan Troops, Who Left Crisis-Hit Country For Russia, Duped Into Ukraine War
When Sri Lanka's economy crashed in 2022, people sought work abroad wherever they could find it -- including ex-soldiers who joined forces fighting in Ukraine after Russia's invasion.
-
Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
-
Sri Lankan Soldiers On Hospital Duties As Health Workers Strike Over Allowances
Sri Lanka sent hundreds of soldiers to key hospitals to help look after patients on Thursday, as hospital orderlies and administrative staff launched a one-day strike nationwide over allowances.
-
Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
-
Cricket World Cup 2023: Adam Zampa Not Bothered About Economy Rate, Wants To Take More Wickets
Australia defeated Sri Lanka after consecutive losses against India and South Africa in the Cricket World Cup 2023.
-
Gautam Adani Meets Lankan President, Port Project, Green Hydrogen Plant Discussed
Billionaire Gautam Adani on Friday proposed to set up a green hydrogen plant in Sri Lanka, where his conglomerate is already developing a container terminal and a 500 MW wind project.
-
Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
-
Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
-
IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
-
Sri Lanka Approves Adani Group Investment Worth $442 Million
The wind power plant in Mannar will operate at a capacity of 250 MW (megawatt) while the wind power plant in Pooneryn will operate at a capacity of 100 MW.
-
India Firmly Backs Sri Lanka's Bid To Secure IMF Bailout Package
S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.
-
India To Encourage Greater Investments In Sri Lanka: S Jaishankar
India will encourage greater investments in Sri Lanka's economy, especially in areas of energy, tourism and infrastructure, External Affairs Minister S Jaishankar said on today.
-
"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
-
S Jaishankar Arrives In Maldives, To Witness Impact Of Developmental Assistance
S Jaishankar is on a three-day visit to the Maldives and Sri Lanka beginning to further expand bilateral engagement with the two key maritime neighbours of India.
