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Sri Lanka to go dark soon following Kelanitissa power plant the shut down
Sri Lanka is likely to go dark soon following the shut down of Kelanitissa power plant and the impending suspension of power generation by Norochcholai power plant due to shortage of fuel and coal, CEB officials said.
IMF awaits adequate assurances on Sri Lanka from the creditors
The International Monetary Fund (IMF) says it is still awaiting adequate assurances on Sri Lanka from the creditors and for the remaining requirements to be met to unlock much needed US$2.9 billion external financing.
Sri Lanka vehicle sales down to zero forcing motor traders to close shops
Sri Lanka vehicle sales have come down to zero level and the car sale centres are on the verge of closing down as a result of the government ban on vehicle imports , motor traders complained.
SL compels to settle US$ 3.2 billion even after backfiring preemptive debt default
Sri Lanka is compelled to settle US$ 3.2 billion worth foreign currency obligations to be settled this year even after announcing a debt standstill (preemptive default) on selective debt last year until creditors agree to restructure them.
Sri Lanka to attract investments from Russian businessmen
Sri Lanka is open for investment from Russian businessmen and the Government is actively discussing such opportunities, including with representatives of the construction industry, Sri Lankan Ambassador to Russia Janitha Liyanage disclosed.