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Cash-strapped Sri Lanka seeks IMF bailout

SRI LANKA will seek an International Monetary Fund bailout, president Gotabaya Rajapaksa said on Wednesday (16), to battle record inflation and unprecedented food and...
Business

IMF officials in Sri Lanka to discuss economic crisis

AN IMF delegation was in Sri Lanka Monday (14) for talks on the island’s worsening economic crisis, with the public suffering through months of...
Business

Prices spike as local currency plummets in Sri Lanka

  SRI LANKA’s largest private fuel retailer raised diesel prices by more than 50 per cent on Friday (11), sparking a wave of sharp increases...
Business

Sri Lanka currency falls sharply as economic crisis deepens

  THE SRI LANKAN rupee fell sharply against the dollar on Thursday (10), after the country’s central bank ordered a 15 per cent depreciation in...
Business

Sri Lanka restricts ‘luxuries’ as forex crisis worsens

  SRI LANKA on Wednesday tightened restrictions on a wide range of imports from whisky to kitchen appliances as a foreign exchange shortage pushed the...

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