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Paris Club creditors propose a 10-year moratorium on Sri Lankan debt
The Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the Island nation.
LNG power project deal with the New Fortress Energy comes to the fore
The controversial US $ 250 million Sri Lanka LNG power project deal with the US energy company the New Fortress Energy Inc.(NFE) has come in to the focus once again following the government’s urgency to review the project.
Govt gets set to privatize Sri Lankan Airlines amidst plans to lease 11 aircraft
The Sri Lankan Government is getting set to privatize the national carrier, Sri Lankan Airlines in a bid to restructure the debt-ridden airline, faced with unprecedented economic turmoil on a national scale, can no longer afford to fund the carrier.
Sri Lanka resurrects tourism to attract 1.6 million tourists next year
Sri Lanka’s new tourism administration headed by Minister Harin Fernando has resurrected the socio - economic crisis battered hospitality industry