Sri Lankan Economy Spiralling out of control; Requests IMF assistance
By Asanga Abeyagoonasekera Sri Lanka’s economic meltdown is one of the worst in recent decades, pushing many families into poverty. The situation is rapidly spiraling out of control with multiple…
Ceylon Chamber Pleads Government to Reconsider the Surcharge Tax Bill
The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on…
Sri Lankan bunker suppliers rescind HSFO offers amid energy crunch
(SPGlobal): Suppliers at the port of Colombo have retracted offers for delivered 380 CST high sulfur fuel oil due to shortages of the bunker grade as local refineries direct the…
Acuity Partners Announces New Chairman and New Independent Directors
Thimal Perera, who presently serves as Director/CEO of DFCC Bank PLC, has been appointed as chairman of the Board of Directors of Acuity Partners (Private) Limited; a full-service investment bank…
EU strongly urges Sri Lanka to lift forthwith import restrictions
The European Union (EU) has strongly urged Sri Lanka to lift forthwith import restrictions preventing many European products from entering its market during the 24th meeting of the Joint Commission held…
Sri Lanka to focus on sending skilled manpower to Saudi Arabia
(Arab News) : Sri Lanka will focus on sending more skilled manpower to the Kingdom and inviting Saudis to tap into its family tourism market, Colombo’s new consul in Jeddah…
Soaring Construction Materials Costs Drives Forex-Crisis-hit Sri Lanka’s Housing Prices To An All-Time High
The overall selling prices of houses had increased by 22.53% and apartments by 17.68% in Q4 2021 when compared to Q4 of 2020, indicating an all-time high price, according to…
IMF Says It Is ‘Ready’ To Help Sri Lanka – If Asked
AFP : The International Monetary Fund is ready to discuss “options” with Sri Lanka if the government asks for financial support, its mission chief for the island told AFP on…
Pakistan likely to issue $200 million loan to Sri Lanka
Pakistan is likely to issue a $200 million loan to Sri Lanka after the country will get a loan installment of $1 billion from International Monetary Fund (IMF). According to…
Sri Lanka seeks IMF advice amid worsening crisis
(AFP) : Sri Lanka has asked for “advice” from the International Monetary Fund amid a worsening economic crisis, the finance minister said Wednesday, signalling Colombo could seek an international bailout. The…