ADB grants $350 million loan for Sri Lanka
The loan will help stabilise the economy of the South Asian nation after Sri Lanka ran out of foreign currency and defaulted on its $46 billion debt over a year ago.
Sri Lanka
India extends $1 billion credit line for Sri Lanka by a year
Sri Lanka's reserves dropped to record lows in April last year, triggering its worst financial crisis since independence from British colonial rule in 1948.
Japan must lead efforts to expedite Sri Lanka’s debt restructuring
In addition to smouldering financial instability in Europe and the United States, the debt issue has become a flashpoint for the global economy.
Govt gazettes new anti-corruption bill after IMF deal
President Ranil Wickremesinghe has said that Sri Lanka will enact key points of its agreement with the IMF into law upon parliamentary approval, with the anti-corruption…
Sri Lanka will have best anti-corruption law in South Asia soon: President
President Ranil Wickremesinghe said necessary steps will be taken to pass the best anti-Corruption Act in South Asia.
$4b IMF bailout for ailing Sri Lanka comes with tough reforms
Nearly a year in the making, the IMF bailout is a lifeline for the bankrupt island nation that has barely any foreign exchange reserves to repay debts running into the billions or…
Russian oil for South Asia
The most significant fallout of the Russia-Ukraine war was its impact on the energy market and South Asia was no exception, says the writer.
Sri Lanka showcases trade, tourism, investment opportunities in Dhaka
The event, attended by diplomats, government officials, corporate sector workers, and travel agents, was organised in line with the celebration of the 75th Anniversary of the…
Sri Lanka’s investment information to be digitised
The purpose of this move is to encourage and promote investment opportunities in Sri Lanka.
Sri Lanka bans single-use plastics
Cabinet spokesman Bandula Gunawardana said the manufacture or sale of plastic cutlery, cocktail shakers and artificial flowers will be prohibited from June.