Sri Lanka is compelled to settle US$ 3.2 billion worth foreign currency obligations to be settled this year even after announcing a debt standstill (preemptive default) on selective debt last year until creditors agree to restructure them.
Sri Lanka is open for investment from Russian businessmen and the Government is actively discussing such opportunities, including with representatives of the construction industry, Sri Lankan Ambassador to Russia Janitha Liyanage disclosed.
Sri Lanka’s Central Bank needs greater independence is vital to overcome the present economic challenges but it should be given to competent, efficient, non arrogance and knowledgeable top management with positive minds, several economic experts said.
SriLankan Airlines is to renew its commercial operations to China in the first week of April 2023, with a thrice weekly service each to Shanghai, Beijing and Guangzhou as China reopens its borders.
