Sri Lankan ports minister Bimal Ratnayake said the allegations against Adani had no bearing on the deep-sea container terminal project in the capital Colombo.
The loan announced on Monday, which follows an earlier $500 million World Bank loan after the 2022 economic crash
President Anura Kumara Dissanayake said his government would honour his predecessor's deal
Restructuring the debt is a cornerstone of the International Monetary Fund rescue plan Sri Lanka agreed to last year after an unprecedented economic crisis
IMF is ready to discuss its controversial $2.9 billion bailout programme for Sri Lanka with the country's new government, a spokesman said
The party of a Marxist leader on track to win Sri Lanka's presidential vote vowed Sunday not to scrap the country's unpopular $2.9 billion IMF bailout agreement, but instead renegotiate it
Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend
Sri Lanka's central bank held interest rates steady on Tuesday to ensure inflation pressures remain in check
Crisis-hit Sri Lanka will return to growth this year, the World Bank said Tuesday, but around a quarter of the country's citizens will remain living in poverty
The Central Bank of Sri Lanka reduced its benchmark lending rate from 10 percent to 9.5 percent and the deposit rate from 9.0 to 8.5 percent
Number of tourists visiting jumped to 210,000 in December, it was 91,900 a year earlier
Sri Lanka slapped a new 18 % VAT on fuel, mobile phones and computers from Monday to raise revenue ahead of a foreign debt restructuring
Tourists from China, India, Russia, Japan, Thailand, Indonesia, and Malaysia will be issued free visas till March 31, 2024
It hit 0.8% in September down from 2.1% in August
Sri Lanka is generally known for its quality education, healthcare, natural beauty and even migration policies and practices. But in recent times, the island nation has made the headlines for all the wrong reasons.
A last-minute protest at Speakers' Corner in Hong Lim Park on Saturday (July 16,2022) against Singapore's decision to let ousted Sri Lankan president Gotabaya Rajapaksa into the country drew an audience of one.
With financial crisis-ridden Sri Lanka having announced a temporary suspension of its debt payment, India is reportedly willing to step in and provide financial assistance of another two billion dollars to the nation.
Planning Minister MA Mannan today said that measuring and assessing the economic future of Bangladesh through Sri Lanka’s ongoing financial crisis cannot be acceptable.
