BUSINESS

UK Parliament suggests attaching HR conditions to IMF bailout for SL

Conservative Member of the Parliament of the United Kingdom, Eliot Colburn urged the UK Government ensure that any IMF bail-out is attached to human rights conditions, similar to that of GSP+.

As Sri Lanka’s crisis deepens , India extends more humanitarian aid

As Sri Lanka grapples with a massive economic crisis , India yesterday (June 24) delivered a humanitarian consignment containing 15,000 metric tons of essential items including rice, milk powder and pharmaceuticals to Sri Lanka.

Sri Lankans reduce the use of credit cards in economic downturn

Sri Lankans, whose real incomes are getting hammered on a daily basis from soaring inflation, have reduced the use of their credit cards, as there was a slight drop in the outstanding balance of credit cards, when the financial and economic misery became more pronounced

The limit on holding foreign currency further reduced

The Central Bank of Sri Lanka has issued a statement amending the restrictions on the holding of foreign currency. Accordingly, the amount of foreign currency...

India assures fullest support to Sri Lanka as a close friend

The Government of India, as a close friend of Sri Lanka, will extend its fullest support to the island nation in overcoming the current...

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