Page 19 - Uditha Jayasinghe News Today

COLOMBO (Reuters) - 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. | May. 24

Sinopec has signed a contract to enter Sri Lankas retail fuel market, the presidents office said on Monday, as the crisis-hit country attempts to reduce pressure on its meagre dollar reserves. ... | May 22, 2023

COLOMBO, May 16 (Reuters) - China should play a formal role in the common framework for creditor talks set up by India and the Paris Club that is aimed at facilitating Sri Lanka's debt restructuring, a U.S. off... | 04:00am

Sri Lanka defaulted on its foreign debt for the first time in its history last April as its economy faced its worst financial crisis in more than seven decades

The two are being honored for their China coverage in 2022.

COLOMBO (Reuters) - An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September. | 03:33am

COLOMBO (Reuters) - India has extended a $1 billion credit line for Sri Lanka by one year, a Sri Lankan official told Reuters on Tuesday, giving the crisis-hit country a backup infusion of dollars for essential imports. | 04:53am

India has extended a $1 billion credit line for Sri Lanka by one year, a Sri Lankan official told Reuters on Tuesday, giving the crisis-hit country a backup funds to pay for essential imports.

There is about $350 million left of the credit line that can be utilised as needed

Sri Lanka's apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country.