PARIS - Ratings agency S&P said there were a record seven defaults on sovereign debt repayments in 2020, the first year of the coronavirus pandemic, although the vast majority of countries' creditworthiness didn't lose out.
Argentina, Belize, Ecuador, Lebanon, Zambia and Suriname - twice -…
Read More...
Sri Lanka gets emergency China loan as rupee hits record low
COLOMBO - Sri Lanka secured a $500 million loan from China Monday (12) in a desperate bid to shore up its foreign…
Plantations with oil palm plunge after uprooting directive
COLOMBO - Sri Lanka’s plantations stocks plunged after President Gotabaya Rajapaksa said they would be required to…
IMF lowers Sri Lanka’s 2021 GDP growth to 4.0%
COLOMBO – Sri Lanka’s gross domestic product in 2021 has been downgraded to 4.0% by the International Monetary Fund…
President bans palm oil imports, plantations to uproot oil palm
COLOMBO – Sri Lanka’s President Gotabaya Rajapaksa has banned the import of palm oil and plantations companies have…
Rural women demand relief from the vicious cycle of debt
By Nedha De Silva
Saumya is a mother of two from Polonnaruwa who has taken a loan of Rs 200,000 from a…
Oil prices ease after Suez Canal traffic resumes
LONDON- World oil prices eased on Monday (29) as traffic resumed on the Suez Canal after a massive container ship…
Sri Lanka Port City Economic Zone workers to earn tax free, dollar salaries
COLOMBO – Employees working for companies within the ‘Colombo Port City Special Economic Zone’ in land reclaimed by…
Cabinet clears Economic Commission Law for China reclaimed Port City
COLOMBO – Sri Lanka’s cabinet of ministers have cleared a draft law that will govern a special economic zone to be…
Tesla will accept Bitcoin as payment, Musk says
By Ephrat Livni
NEW YORK - Elon Musk, the chief executive of Tesla who recently added ‘Technoking’ to his title,…