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Sri Lanka s government appears increasingly upbeat about its chances of receiving International Monetary Fund (IMF) board approval for a USD 2.9 billion bailout by December, but the multilateral lender has cautioned that the time frame remains uncertain, and much depends on discussions with the heavily indebted country s creditors. MORE..
29 Sep 2022 (3:02 PM)
President Ranil Wickremesinghe says skyrocketing prices of food, fuel and fertilizers are consequences of supply chain shocks created by the war in Ukraine, stuttering growth of the middle class. MORE..
29 Sep 2022 (5:18 PM)
The Bank of England sought to quell a fire-storm in the British bond market, saying on Wednesday it would buy as much government debt as needed to restore financial stability after chaos triggered by the new government s fiscal policy. MORE..
28 Sep 2022 (7:55 PM)
Litro Gas Lanka Ltd. says the company has repaid the General Treasury a tranche of the credit facility of USD 70 million received from the World Bank to maintain an uninterrupted LP gas supply. MORE..
29 Sep 2022 (5:00 PM)
Resource : Ada Derana