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International Business News: Sri Lanka's central bank lowered interest rates on Friday in an unexpected move to boost growth, while projecting inflation would remain subdued over
Statement from Finance Division comes as IMF Mission begins talks in Islamabad for review of $3 billion Stand-by-Arrangement
Topline Securities says chemical sector is likely to be significantly impacted as gas prices constitute a major part of total cost and impact is unlikely to be passed on to final consumers
China has promised to help Sri Lanka address its debt challenges as the country needs to restructure its domestic and external debt, worth $41bn, before September in order to meet conditions for the International Monetary Funds (IMF) first review. The IMF has granted Sri Lanka a $2.9bn bailout over the next four years with a review scheduled between September 11 and 19.
AHL says KSE-100 could power past 56,000 level by June 2024