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Sri Lanka's tea producers warn 70% wage hike will hit industry - Vimarsana News

Sri Lanka's tea producers warn 70% wage hike will hit industry

Sri Lanka's tea producers on Monday condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive and reduce dollar earnings essential for the island... -May 27, 2024 at 08:59 am EDT - MarketScreener

AirAsia among bidders for Sri Lanka's national carrier - Vimarsana News

AirAsia among bidders for Sri Lanka's national carrier

AirAsia is among six bidders for Sri Lanka's state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion...

Maldives will return Indian military as soon as possible, says incoming president - Vimarsana News

Maldives will return Indian military as soon as possible, says incoming president

Maldives will work to return Indian military personnel from its shores as soon as possible, President-elect Mohamed Muizzu told Reuters on Sunday, insisting it was the top foreign policy priority for... -October 29, 2023 at 07:40 am EDT - MarketScreener

Crisis-hit Sri Lanka readies for critical first IMF review - Vimarsana News

Crisis-hit Sri Lanka readies for critical first IMF review

Crisis-hit Sri Lanka must convince IMF officials that it has met key goals under a $2.9 billion bailout to push forward debt restructuring efforts crucial to a recovery for its battered economy. ...

Sri Lanka c.bank to cut rates further on faster inflation drop - Vimarsana News

Sri Lanka c.bank to cut rates further on faster inflation drop

Sri Lanka's central bank is widely expected to loosen monetary policy further on Thursday, following a massive 250-basis-point interest rate cut in June, as it looks to revive growth amid a rapid fall in inflation.