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UN assures crisis-hit Sri Lanka with financial, technical support
The United Nations has assured Sri Lanka with UN's financial and technical support as the South Asian island country attempts to recover from an economic crisis.
Sri Lanka expects extended fund facility of IMF in 1H this year – President
President Ranil Wickramasinghe says that the government expects to receive India’s response regarding Sri Lanka’s debt restructuring at the end of this month leading to US$2.9 billion IMF bail out loan approval by the first quarter of this year.
SL resumes Taiwan FTA talks Monday and its Indo/China parleys soon
Sri Lanka, racked by civil unrest and economic disruptions for much of the year, is now ready to resume free-trade agreement talks with India, China and Taiwan amid new social stability within the island nation, a top official heading negotiations is revealed.
BOC under fire of defaulting loans given to state institutions
Samagi Jana Balawegaya (SJB) MP S.M. Marikkar has written to Committee on Public Enterprises Chairman Ranjith Madduma Bandara, calling on him to summon the Bank of Ceylon (BOC) before it immediately to question the status of non performing loans.
Sri Lanka Tea volume sold at auctions declines but prices soar in 2022
Sri Lanka’s total tea export revenue stood at US$ 1.2 billion for 2022 and the export volume for 2022 was 250mn/kg, although tea volume sold at Colombo auctions in 2022 was lower but prices rose to highest since 2017 Chairman of the Sri Lanka Tea Board Niraj De Mel said.