BUSINESS

Sri Lanka has suspended interest payment on a 175 million US dollar sovereign guaranteed bond of the national carrier and loans taken to build a China-backed airport and expand a runway at the main airport, a Finance Ministry report said.

Photo Caption: Seen here is Kitchen & Bedroom Group CEO Dr. Mohammed Rushmi Sacquaff with Major General Sudantha Ranasinghe (Rtd), Director General (Disaster Management) at...

Sri Lanka plans to tap Indian tourists to revive the South Asian island’s battered tourism sector and shore up its depleted foreign exchange reserves.

"Breaking The Trend": Gita Gopinath's Photo Makes It To Wall Of IMFs Former Chief Economists

India is seeking payment in advance for supply of fuel to Sri Lanka after credit lines were exhausted, according to people with knowledge of the matter, official sources said.