As poor nations’ default wave peaks, cash shortage could take its place LONDON: The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka... Updated 22 Oct, 2024 04:31pm
World Sri Lanka’s inflation at -0.2% in September COLOMBO: Sri Lanka’s consumer price inflation eased to minus 0.2% year-on-year in September from an increase of 1.1%... Published 21 Oct, 2024 05:00pm
World Sri Lanka to save $5bn from bilateral debt deal COLOMBO: Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to... Published 02 Jul, 2024 11:56am
World Sri Lanka inflation climbs as food prices rise COLOMBO: Crisis-hit Sri Lanka’s annual inflation almost doubled to 1.7 percent in June, up from 0.9 percent the... Published 29 Jun, 2024 10:49am
Business & Finance Sri Lanka’s July consumer inflation eases to 4.6% COLOMBO: Sri Lanka’s consumer price inflation slowed to 4.6% year-on-year in July from 10.8% in June, helped by... Published 21 Aug, 2023 03:25pm
Markets Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days COLOMBO: Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next... Updated 21 Mar, 2023 12:18pm
World IMF approves Sri Lanka's $2.9bn bailout COLOMBO: Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9... Published 20 Mar, 2023 10:55pm
Markets Crisis-hit Sri Lanka targets $1.4 billion in tea earnings COLOMBO: Sri Lanka’s tea industry could earn $1.4 billion this year despite the lowest production in decades and... Published 04 Nov, 2022 06:19pm
Business & Finance Sri Lanka’s key inflation rate eases to 66% in October Sri Lanka’s key inflation rate eased to 66% in October after hitting 69.8% in September, the crisis-struck country’s... Published 31 Oct, 2022 03:44pm
Sanctions on Pakistan’s missile program not meant to ‘color other areas of cooperation’: US State Dept