Sri Lanka Economy
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Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
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Ex Sri Lankan Troops, Who Left Crisis-Hit Country For Russia, Duped Into Ukraine War
When Sri Lanka's economy crashed in 2022, people sought work abroad wherever they could find it -- including ex-soldiers who joined forces fighting in Ukraine after Russia's invasion.
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Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
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Sri Lankan Soldiers On Hospital Duties As Health Workers Strike Over Allowances
Sri Lanka sent hundreds of soldiers to key hospitals to help look after patients on Thursday, as hospital orderlies and administrative staff launched a one-day strike nationwide over allowances.
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Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
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Cricket World Cup 2023: Adam Zampa Not Bothered About Economy Rate, Wants To Take More Wickets
Australia defeated Sri Lanka after consecutive losses against India and South Africa in the Cricket World Cup 2023.
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Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
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Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
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India Firmly Backs Sri Lanka's Bid To Secure IMF Bailout Package
S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.
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India To Encourage Greater Investments In Sri Lanka: S Jaishankar
India will encourage greater investments in Sri Lanka's economy, especially in areas of energy, tourism and infrastructure, External Affairs Minister S Jaishankar said on today.
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"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
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Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
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Sheikh Hasina Says Bangladesh Will Not Face Sri Lanka-Type Crisis. Here's Why
Dismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country's economy continued to be in robust shape and that her regime exercised a h
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"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
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"Boosted Sri-Lanka Economy, Not Bankrupted It": China Slams US Criticism
China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.
-
Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
-
Ex Sri Lankan Troops, Who Left Crisis-Hit Country For Russia, Duped Into Ukraine War
When Sri Lanka's economy crashed in 2022, people sought work abroad wherever they could find it -- including ex-soldiers who joined forces fighting in Ukraine after Russia's invasion.
-
Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
-
Sri Lankan Soldiers On Hospital Duties As Health Workers Strike Over Allowances
Sri Lanka sent hundreds of soldiers to key hospitals to help look after patients on Thursday, as hospital orderlies and administrative staff launched a one-day strike nationwide over allowances.
-
Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
-
Cricket World Cup 2023: Adam Zampa Not Bothered About Economy Rate, Wants To Take More Wickets
Australia defeated Sri Lanka after consecutive losses against India and South Africa in the Cricket World Cup 2023.
-
Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
-
Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
-
India Firmly Backs Sri Lanka's Bid To Secure IMF Bailout Package
S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.
-
India To Encourage Greater Investments In Sri Lanka: S Jaishankar
India will encourage greater investments in Sri Lanka's economy, especially in areas of energy, tourism and infrastructure, External Affairs Minister S Jaishankar said on today.
-
"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
-
Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
-
Sheikh Hasina Says Bangladesh Will Not Face Sri Lanka-Type Crisis. Here's Why
Dismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country's economy continued to be in robust shape and that her regime exercised a h
-
"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
-
"Boosted Sri-Lanka Economy, Not Bankrupted It": China Slams US Criticism
China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.
