BUSINESS

Sri Lanka  sells gold reserves amidst price escalation

Sri Lanka has sold another tranche of its gold reserves in January 2022 amid an overall fall of its gross reserves, official data shows. The...

Sri Lanka bond holders face big losses in debt restructuring

Sri Lanka's creditors are set to lose 33 percent to 50 percent f of their investment in the country's dollar bonds, after the government...

Sri Lanka Faces Unsustainable Debt and Balance of Payment Challenges

Sri Lanka’s economic outlook is highly uncertain due to the fiscal and external imbalances. Urgent policy measures are needed to address the high levels...

Professional Associations unveil ways for way out of current crisis

 The Organisation of Professional Associations of Sri Lanka (OPA) recently expressed it was deeply concerned about the farfetched national catastrophe caused by a multitude...

Fitch places 13 Lankan banks on Negative Rating Watch

Thirteen Sri Lanka banks are facing heightened near-term downside risk stemming from constrained access  to foreign-currency funding and the resulting indications of stress experienced...

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