Sri Lanka tea industry began the year 2023 with mixed results which saw lower export volumes, but with marginal increase returns, brokers said yesterday.
The government will submit an initial claim for US$ 50 million as compensation from the owners/insurance agents of the X-Press Pearl vessel, which was destroyed in a blaze in Sri Lankan territorial waters, a top government official said.
The International Monetary Fund (IMF) is likely to approve a loan for Sri Lanka, even without China's assurance of debt-restructuring support to unlock the US$.2.9 million bail out loan, several officials connected to negotiations said.
India and Sri Lanka are taking measures to further strengthen economic and trade engagement with a view helping the island nation to overcome the economic crisis, official sources said.
