SriLankan Airlines has defaulted on its US $175 million bond, having failed to amend the terms of the debt amid the worst economic crisis to engulf the country in its independent history.
The International Labour Organisation (ILO) has come forward in supporting 3,725 vulnerable women and men in the Mannar, Kilinochchi, Vavuniya and Mullaitivu districts to earn an income as well as sustain their livelihood through several short-term relief mechanisms.
Even in the aftermath of Covid -19 infections in China, Sri Lanka is yet to prepare for possible arrival of tourists from Beijing, which relaxed Covid-19 travel measures last month, officials said.
China’’s debt factor in Colombo files has now become crucial for Sri Lanka's economic revival with the International Monetary Fund (IMF) US2.9 billion bail out loan hanging on the balance.
