News Sri Lanka Eastern: Sri Lanka’s slow but steady economic recovery
In terms of the national economy, 2018 was a year to forget for Sri Lanka. During this time, the country missed a prime opportunity to take advantage of favourable economic conditions in order to ...
News Sri Lanka Eastern: Sri Lanka seeks $1.5 billion Indian credit line to tide over crisis
During the recent visit to India, Lankan Finance Minister Basil Rajapaksa had sought a $ one billion credit line for essential imports and a $ 500 m credit line for petroleum imports, Cabraal told ET ...
News Sri Lanka Eastern: Tangled diplomacy of Sri Lanka’s currency crisis
Sri Lanka ends 2021 with foreign currency reserves in hand worth US$ 1.6 billion to support a month of imports. For much of the year, a shortage of dollars saw uncleared essential imports piling up at ...
News Sri Lanka Eastern: Sri Lanka signs deal to lease oil tanks to Indian Oil amid financial crisis
Sri Lanka on Thursday signed a deal with the local unit of Indian Oil Corp , Lanka IOC, to lease 75 oil tanks, as the island moved closer to securing a $500 million fuel credit line from India.
