Page 18 - Uditha Jayasinghe News Today

Sri Lanka will begin rolling back import restrictions on 300-400 items from next week

COLOMBO -Sri Lankas central bank cut its key interest rates by 250 basis points on Thursday amid easing inflationary pressures, signalling that the South Asian nation was emerging from a devastating... | June 1, 2023

In a sign of confidence that the worst of Sri Lankas financial crisis is over, its central bank surprised markets by cutting interest rates for the first time in three years on Thursday,... | June 1, 2023

COLOMBO (Reuters) - Sri Lanka will work to cut government spending, boost foreign investment and create jobs, President Ranil Wickremesinghe said on Thursday hours after the central bank cut interest rates for the first time in three years. | 01:03pm

COLOMBO (Reuters) - Sri Lanka's key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on Wednesday, reducing some stress on the crisis-hit economy. Soaring inflation has battered the economy for more than a year after a severe foreign exchange crisis set off the Indian Ocean island's worst financial crisis in seven decades. | 05:53am

COLOMBO (Reuters) - Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation. | 04:03am

Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.

Usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

COLOMBO (Reuters) - The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the regional lender said in a statement. | 04:58am

Sri Lanka is expecting foreign direct investment inflows to rise by a fifth to $1.3 billion this year, a government official said on Wednesday, with India likely to play a lead role despite the Sri Lankan economy facing its worst crisis in decades.