COLOMBO - Beijing is considering a request for another $2.5 billion loan package from crisis-hit Sri Lanka, China's ambassador said Monday (21), as a man was stabbed to death while queuing at a fuel station. The island nation of 22…
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COLOMBO - Sri Lanka has sought a $500 million credit line from India to pay for its crude oil purchases amid a severe foreign exchange crisis in the island nation. The move came few days after energy minister Udaya Gammanpila warned that…
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COLOMBO – Sri Lanka’s cabinet of ministers had cleared the borrowing of US$ 150 million from the Manila-based Asian Development Bank (ADB) to buy vaccines and boost refrigeration and transport facilities, the state information office said.…
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DHAKA - Bangladesh has joined China and South Korea by approving a currency swap to bail out Sri Lanka, which is facing its worst foreign exchange crisis, officials said Wednesday (26). The central bank of Bangladesh on Tuesday (25)…
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MANILA - The Asian Development Bank (ADB) has approved a $400 million loan to support the Government of Sri Lanka in transforming its secondary education system to align with the demand for highly skilled and agile workers who can compete…
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