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More Sri Lankans leave the country creating brain drain
With a severe shortage of food, money and jobs, Sri Lankans are leaving the country in mass exodus via legal and illegal channels.
Tamil Nadu strengthens coastal security ahead of Chinese research vessels SL visit
After an alert from the Union government on the scheduled arrival of Yuan Wang 5, a Chinese research vessel at Sri Lanka’s Hambantota port on August 11, the Tamil Nadu police have decided to scale up security at vital installations along the coastline.
SL exporters urge Central Bank to divulge details of export proceed hoarding
Sri Lanka’s exporters and foreign currency market players have expressed their dismay on the Central Bank’s decision to crack down on those who violate regulations on foreign exchange transactions, including repatriation requirements of export proceeds, conversions, and mandatory sales to the CBSL etc.
SL Private sector borrowing delines after 2 years
Sri Lanka private sector borrowing had declined for the first time in two years in June signalling the waning appetite amidst high rates of interest, economic crisis and business uncertainty.
China’s participation in SL debt restructure augurs well for its interest
China is a "very important" creditor of Sri Lanka and it would likely be in the interest of both countries if China participated in Sri Lanka's debt restructuring process, U.S. Treasury Secretary Janet Yellen said recently.