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Sri Lanka's Supreme Court bars overseas travel of Rajapaksa brothers till Jul 28The petitioner had claimed that these persons were directly responsible for the unsustainability of Sri Lanka's foreign debt, its debt defa...- Sri Lanka calls for restructure of $1 bln debt and stabilityThe opposition and some partners of the ruling coalition rejected calls this week for a unity government from President Gotabaya Rajapaksa ...
- Sri Lanka central bank chief to take office, no takers for finmin job: SourcesThe policy is likely to be unveiled the following morning, after which the new governor is expected to lay out his priorities and plans at ...
- Sri Lanka's president seeks unity government to solve economic crisisThe debt-laden country is struggling to pay for imports of fuel and other goods due to a foreign exchange crisis, leading to hours-long pow...
- Sri Lanka Central Bank Governor quits amid mounting economic woesAccording to the Central Bank estimates, inflation and prices of essentials have surged to 17.5 per cent in February this year, and are exp...
- Crisis-hit Sri Lanka in talks with India for another $1.5 bln credit lineFinance Minister Rajapaksa is set to fly to Washington, D.C. next month to start talks with the IMF for a rescue plan and also seek support...
- India grants financial assistance of over USD 900 million to Sri Lanka to overcome forex crisisThe Indian High Commissioner to Sri Lanka Gopal Baglay met Cabraal on Thursday and “expressed India's strong support to Sri Lanka in the wa...
- Sri Lanka seeks $1.5 billion Indian credit line to tide over crisisDuring the recent visit to India, Lankan Finance Minister Basil Rajapaksa had sought a $ one billion credit line for essential imports and ...
- Sri Lanka admits forex crisis 'dangerous'Basil Rajapaksa, 70, the youngest brother of President Gotabaya Rajapaksa, said state coffers had also suffered huge revenue losses in the ...
- China approves $1.5 billion currency swap with Sri Lanka: MinisterThe deal will allow the island to weather "present difficulties", State Minister of Money & Capital Market and State Enterprise Reforms Aji...
- Sri Lanka shuns IMF for China by taking a leaf out of Malaysia's contrarian crisis playbookThe new steps will strengthen Sri Lanka’s credit profile, enhance exchange rate stability, and improve the resilience of the economy, the n...
- New Lankan government resumes probe against Mahinda Rajapaksa loyalistsSri Lanka's new government has resumed investigations against members of the Mahinda Rajapaksa regime for alleged misdeeds soon after Monda...
- Central Bank of Sri Lanka inks pact with Reserve Bank of India"In general, the movement will be towards more liberalisation rather than away from liberalisation, but we have to do it at our pace".
- Sri Lanka invites Indian investmentSri Lanka today invited Indian business community to look at investment opportunities in its sectors such as ports, tourism and financial s...
- Indian bank opens second branch in JaffnaThe city-headquartered bank currently has a branch in Colombo in the island nation. Besides, it also has an presence in Singapore.
- Sri Lanka expects growth to pick upSri Lanka is looking forward to enjoying a "truly open economy", Central Bank of SL governor Ajith Nirvad Cabraal said. Moreover, there are...
- Rajaratnam's asset portfolio in Sri Lanka at $105 mnRaj Rajaratnam is estimated to have an asset portfolio worth $105 million in Sri Lanka.
- IOB plans to raise investments in Sri LankaPublic sector lender Indian Overseas Bank (IOB) is planning to enhance its investments in Sri Lanka, local media report stated.
- India, Lanka to finetune economic tiesIndia and Sri Lanka will conclude negotiations for a comprehensive economic partnership agreement by the end of this year. The agreement al...
- Lanka set for record growth despite conflictThe recent escalation in fighting in Sri Lanka has not derailed the nation's economy, with the island on track to record its fastest growth...
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