After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the government eases import restrictions and debt repayments loom
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Sri Lanka's key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on Wednesday (May 31), reducing some stress on the crisis-hit economy
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The Asian Development Bank (ADB) approved a $350 million loan on Monday (29) for bankrupt Sri Lanka, buttressing an International Monetary Fund (IMF) bailout as the country battles its worst economic crisis.
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The State Bank of India (SBI) has extended by 12 months, the tenure of the US$ 1 billion Credit Facility provided to the Government of Sri Lanka for procurement of essential items in March 2022
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Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group said
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Crisis-stricken Sri Lanka should be able to conclude newly launched debt restructuring talks by September, or November at the latest, its president said on Thursday (25), adding that the negotiations had made "remarkable" progress
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ri Lanka’s state-run Ceylon Electricity Board (CEB) has proposed reducing tariffs by an average of 3%, in a new cost and tariff filing, but the proposed costs have fallen 27%, Chairman of the Public Utilities Commission, Janaka Ratnayake…
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Sri Lanka’s state-run Ceylon Electricity Board (CEB) has lost 34.3 billion rupees, up 4.2% from a year ago, despite a tariff hike, as finance costs went up steeply, interim accounts show
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The International Monetary Fund’s (IMF) corruption-busting governance diagnostic report is expected to be completed by September and the global lender will spell out measures to improve the island nation’s governance system, a top IMF…
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The International Monetary Fund (IMF) mission in Sri Lanka will evaluate progress made on reforms so far and complete an exercise to improve governance in key areas of the economy, an IMF official said on Monday (15)
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