Uditha Jayasinghe News Today

The International Monetary Fund approved the second review of Sri Lankas $2.9 billion bailout, the IMF and Sri Lankas government said on Wednesday, and said the approval will pave the way for... -June 12, 2024 at 06:35 pm EDT - MarketScreener

COLOMBO (Reuters) -Sri Lanka has given Elon Musk's Starlink, the satellite unit of SpaceX, preliminary approval to provide internet services there, the president's office said on Thursday. Sri Lanka fast-tracked the approval process after Musk met with...

Sri Lankas key inflation rate fell to 0.9% in May year-on-year from 1.5% in April, the statistics department said on Friday. The Colombo Consumer Price Index, a leading indicator for... -May 31, 2024 at 05:33 am EDT - MarketScreener

Sri Lankas central bank held interest rates steady on Tuesday to ensure inflation pressures remain in check as authorities look to foster economic stability and lift growth following the South Asian... -May 27, 2024 at 10:04 pm EDT - MarketScreener

By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka's tea producers on Monday condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive and reduce dollar earnings essential for the island nation to ...

Sri Lankas consumer price inflation rose to 2.7% in April from 2.5% in March, official data showed on Tuesday. The National Consumer Price Index captures broad retail price... -May 21, 2024 at 06:12 am EDT - MarketScreener

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka's new economic transformation law will be presented to parliament this week and will include measures to attract investors and increase productivity, the country's state minister of finance said on Mond...

Sri Lanka will dispatch a high-level delegation to Russia to investigate the fate of hundreds of nationals reportedly fighting in the war in Ukraine, a top official said on Thursday. ...

Sri Lanka has entered into a 20-year power purchase agreement with Indias Adani Green Energy Ltd for two wind power stations developed by the company, a cabinet statement said on Tuesday. ...

COLOMBO (Reuters) - Sri Lanka will hand over management of its $209 million Chinese-built airport to two Indian and Russian companies, a cabinet statement said on Friday, as the island nation attempts to reduce losses from its state enterprises. Ma...