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SRI LANKAN TREASURY
Sri Lanka to overhaul loss-making national airline after failing to find buyersSri Lanka's government will restructure its loss-making national airline, Sri Lankan Airlines, after failing to find a buyer for management...- Sri Lanka reaches debt-restructuring agreementSri Lanka has reached a long-delayed debt restructuring pact with its international and local sovereign bondholders. This comes after consu...
- China may leverage Sri Lanka loan rejig to get maximum concessionsChina may use its debt restructuring deal with Sri Lanka to gain concessions, including demanding equity for debt in the form of land in Co...
- India extends $1 billion credit line for Sri Lanka by a yearIndia 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...
- After India, China gives financing assurances to Sri Lanka for IMF bailout packageThe Sunday Times newspaper reported that China's Exim Bank delivered a letter on Saturday granting Sri Lanka a two-year moratorium on repay...
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in DecemberThe island nation formally kicked off the talks in September after securing a preliminary $2.9 billion bailout with the International Monet...
- Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan: SourcesThe debt-laden island nation had sought up to $3 billion from the global lender as it struggles with its worst economic crisis in more than...
- Sri Lanka to privatise national carrier as it runs out of moneyThe minister said the revenue from the sale of the catering operation can be used to pay off debt amounting to USD 80 million that was obta...
- Sri Lanka economic crisis: Fuel prices hiked as US delegation arrivesCeylon Petroleum Corporation (CPC) said it raised the price of diesel, used widely in public transport, by 15 percent to 460 rupees ($1.27)...
- Sri Lanka proposes privatizing national airline amid crisisPrime Minister Ranil Wickremesinghe said in a message to the people that he plans to propose a special relief budget that will take the pla...
- Sri Lanka to take steps to stabilise economyThe government has to carefully manage resources and reduce the budget deficit as it has caused many problems across the economy, Siriwarda...
- India-Sri Lanka ministerial meet on the cardsNewly-appointed Sri Lanka finance minister Ali Sabry is expected to meet an Indian ministerial delegation in Washington next week, on the s...
- Sri Lanka, India ink deal to jointly redevelop strategic World War II-era Trincomalee Oil Tank ComplexThe World War II-era oil storage facility, with a capacity of nearly 8 million barrels of oil, located in the strategically advantaged port...
- Lankan Finance Minister meets top officials of World Bank and IMFAssistant US Treasury Ramin Toloui assured that official-level discussion will continue to identify specific areas for technical assistance.
- India, Sri Lanka seek to double bilateral trade volumeThe Free Trade Agreement between India and Sri Lanka was the first ever bilateral trade agreement for both countries, signed in 1998 and en...
- Coal block allocation: Par paralysed for tenth day on issueThe stalemate in Parliament over coal block allocations entered the tenth day today as BJP persisted with its demand for resignation of Pri...
- India agrees $1 bln loan for Sri LankaIndia has agreed to lend $1 billion to fund Sri Lanka's infrastructure projects.
- 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.
- Indian trade delegation to visit Sri LankaAn Indian trade delegation is due in Colombo next week for talks aimed at firming up bilateral trade which will include professional servic...
- Lanka IOC signs settlement agreement with SRLConsequently, no subsidy is payable to Lanka IOC by GoSL beyond June 30, 2006.
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