BUSINESS

COPE to summon SL Airlines with record  breaking fourth quarter profit

BUSINESS CN -
SriLankan Airlines recorded its first profitable fourth quarter (Q4) since 2006 for the financial year that ended on 31 March 2022 with group net...

Sri Lanka seeks IMF bailout via EFF or RFF at a time of public unrest

BUSINESS CN -
 After declaring pre-emptive debt default  Cash strapped Sri Lanka  has sought  an International Monetary Fund bailout by way of Extended Fund Facility(EFF)  or Rapid Finance...

Moody’s downgrades Sri Lanka sovereign rating to Ca

BUSINESS CN -
 Moody’s Investors Service has downgraded Sri Lanka’s sovereign rating to Ca from Caa2 with a stable outlook, following a decision by the island to...

American Professor says Sri Lanka’s true inflation hit  74% in April 

BUSINESS CN -
Sri Lanka’s headline inflation measured by Hanke’s Annual Inflation Index hit a staggering 74 percent in the year through April 15, 2022 as prices...

Two  coal  shipments to sail off  Colombo Port without stock unloading      

BUSINESS CN -
Sri Lanka is tottering on the edge of an energy crisis leading to  extension of  current power cut duration  as a result of failing...
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