Page 11 - Uditha Jayasinghe News Today

Sri Lankas central bank reduced its key policy rates by 100 basis points on Thursday, as expected, doubling down on efforts to spur growth and finalise the first review of a $2.9 billion bailout...

Foreign military forces cannot stay in the Maldives, president-elect Mohamed Muizzu told a rally celebrating his victory in closely watched weekend presidential elections that are expected to...

Crisis-hit Sri Lanka will focus on improving tax collection as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve...

Sri Lankas bondholders are likely to face a 30% writedown in a forthcoming restructuring, JP Morgan analysts forecast on Wednesday, updating an earlier prediction for the deal. ...

Sri Lankas central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a recovery from its worst economic crisis in decades, capitalising on low inflation to... -October 03, 2023 at 05:09 am EDT - MarketScreener

Sri Lankas economy is expected to perform better than previously expected but still see a significant contraction in 2023 before growing in 2024, World Bank projections for the crisis-hit nation...

MALE (Reuters) -Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian Ocean archipelago, from traditional partner India. With nearly all votes counted, the Elections Commission of the Maldives said on its website that Muizzu had received 54% of the ballots in Saturday's vote, with 46% for Solih. About 85% of 282,000 eligible voters in the Maldives, ...

The International Monetary Fund said on Wednesday its staff did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9 billion bailout package due to a potential...

Sri Lankas cabinet approved a $200 million loan from the Asian Development Bank , the Media Ministry said in a statement on Tuesday, as the country focuses on rebuilding its crisis-hit economy. ...

The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lankas government this year, though that is unlikely to derail a $2.9 billion loan programme for the...