BUSINESS

Sri Lanka stumbles towards its first default on foreign debt

BUSINESS MIAP -
Sri Lanka is sliding inexorably into default as the grace period on two unpaid foreign bonds nears an end, the latest blow to a...

Shouldn’t the $500m ISB been defaulted in January 2022?

BUSINESS MIAP -
Shouldn't the $500m ISB been defaulted in January 2022?

Sri Lanka’s trade deficit narrows in March 2022

BUSINESS CN -
Sri Lanka's deficit in the trade account narrowed to US dollars 762 million in March 2022, compared to the deficit of US dollars 832...

Sri Lanka’s new administration to increase borrowing limit 

BUSINESS CN -
Sri Lanka’s Finance Ministry is facing one of its worst-ever cash crunch with no way to raise revenue even to pay salaries of 1.5...

Govt takes extraordinary measures to boost revenue collection  

BUSINESS CN -
The new Government will be taking tough measures  such as an increase in tax revenue without hitting low-income earners, radical reforms to reduce the...
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