Page 7 - Uditha Jayasinghe News Today

By Uditha Jayasinghe COLOMBO (Reuters) -The second review of Sri Lankas $2.9 billion bailout with the IMF could be completed in the first half of 2024, ...

Sri Lankas parliament approved a hike in value-added tax to 18% from 15% on Monday ahead of the International Monetary Fund preparing to approve the second tranche of a $2.9 billion bailout for... -December 11, 2023 at 07:11 am EST - MarketScreener

Sri Lanka is experiencing a countrywide power outage due to a system failure, a government official said on Saturday. Ceylon Electricity Board (CEB), the country's power monopoly, is working to restore power, CEB spokesperson Noel Priyantha said. (Writing by Nidhi Verma; Editing by Mark Potter)

Sri Lanka is experiencing a countrywide power outage due to a system failure, a government official said on Saturday.... -December 09, 2023 at 07:39 am EST - MarketScreener

The Netherlands returned six artefacts including a cannon, a ceremonial sword and two guns taken from Sri Lanka more than 250 years ago on Tuesday, as part of efforts by the former colonial power... -December 05, 2023 at 05:39 am EST - MarketScreener

COLOMBO (Reuters) -Sri Lanka's pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday. Battling its worst financial crisis in decades, the Indian Ocean nation had been trying since last year to strike restructuring deals with creditors after record low foreign exchange reserves led to a default on foreign debt in May 2022. Wednesday'...

COLOMBO (Reuters) -Sri Lanka's pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday. Battling its worst financial crisis in decades, the Indian Ocean nation had been trying since last year to strike restructuring deals with creditors after record low foreign exchange reserves led to a default on foreign debt in May 2022. Wednesday's ...

By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is...

COLOMBO (Reuters) -Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday. Sri Lanka, mired in its worst financial crisis in decades, has been trying to reach restructuring deals with creditors since last year, having being forced to default on its foreign debt in May 2022 after its foreign exchange reserves dwind...

By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst fi...