Page 17 - Uditha Jayasinghe News Today

The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March.

COLOMBO :Sri Lanka's economy shrank 11.5per cent in the first three months of 2023, official data showed on Thursday, as the country remained in the grip of its worst financial crisis in decades.The downturn was driven by high inflation and high interest rates, the rising cost of components, as well as restri

COLOMBO, June 15 (Reuters) - Sri Lankas economy shrank 11.5% in the first three months of 2023 from the previous year, government data showed on Thursday. The country is experiencing its worst financial crisis in decades. (Re...

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lankas economy shrank 11.5% in the first three months of 2023, official data showed on Thursday, as the ...

COLOMBO, June 13 (Reuters) - Sri Lankas government has decided to extend a restriction on outward capital transactions by six months due to pressure on its limited foreign exchange reserves, cabinet spokesperson Bandula Gunawardena said on...

COLOMBO, June 13 (Reuters) - Sri Lankas President Ranil Wickremesinghe is likely to discuss the crisis-stricken nations debt with Paris Club members on the sidelines of a trip to France next week, sources fam...

COLOMBO (Reuters) - Sri Lanka and Thailand could sign a free trade agreement (FTA) by March, a top official of the Indian Ocean nation told Reuters on Wednesday, as it attempts to rebuild its crisis-stricken economy. | 06:55am

COLOMBO (Reuters) - Sri Lanka will slash the price of 60 essential drugs by 16% from June 15, the Health Minister said on Tuesday, as the country sees a glimmer of relief from its worst financial crisis in decades. | 03:35am

COLOMBO : Sinopec has signed a contract to enter Sri Lanka's retail fuel market, the president's office said on Monday, as the crisis-hit country attempts to reduce pressure on its meagre dollar reserves. Under the new deal the Chinese firm will be given a 20-year licence to operate 150 fuel stations and

COLOMBO (Reuters) - Sri Lanka's central bank is likely to continue to ease monetary policy, following a 250 basis points rate cut on Thursday, as it tries to boost economic growth and lower borrowing costs for the government in the crisis-hit economy. | 07:48am