News Sri Lanka Financial analytics: LNG investment in Sri Lanka: A risky road ahead
For more than a decade, Sri Lanka’s ambition to secure a reliable energy future has centred on Liquefied Natural Gas (LNG) and Floating Storage and Regasification Units (FSRUs). The promise of LNG as a panacea for our persistent energy shortages has led to a string of announcements, proposals, and Memoranda of Understanding (MOUs). Despite repeated attempts and great expectations, no LNG proje ..
News Sri Lanka Financial analytics: Crisis-hit Sri Lanka invites Japan to resume investment
COLOMBO : Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports, after the Japanese foreign minister wrapped up the first high-level visit to the crisis-hit country in nearly four years.Sri Lanka Foreign Minister Ali Sabry said his country was seeking Japane
News Sri Lanka Financial analytics: Analysis: A year later, Sri Lanka's tentative economic recovery eludes the poor
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.
News Sri Lanka Financial analytics: Sri Lanka top court allows proceedings against former President Rajapaksa, others
Sri Lanka's top court has granted permission for proceedings against former President Gotabaya Rajapaksa, the rights group which filed the case against him said in a statement on Friday.
News Sri Lanka Financial analytics: Japan Finance Minister: Japan committed to back restructuring in Sri Lanka debt crisis
TOKYO : Japan remains committed to back Sri Lanka debt restructuring if conditions are met, Finance Minister Shunichi Suzuki said on Friday. Suzuki also told reporters financial leaders from the Group of 20 major economies would discuss global food and energy concerns and any impact from monetary tighteni
News Sri Lanka Financial analytics: Sri Lanka must show IMF sustainable debt plan for emergency aid
When Sri Lankan officials arrive in Washington this week to meet with the International Monetary Fund amid an economic and political crisis, the main question they'll need to answer is how the country plans to manage its billions in debt. Sri Lanka is seeking up to $4 billion this year to help it import essentials and pay creditors. To get any of that through the IMF's various
News Sri Lanka Financial analytics: Impeachment is one 'instrument' we can use, says Sri Lanka's opposition leader
Sajith Premadasa, leader of Sri Lanka's opposition, discusses the country's political situation amid its economic crisis.
News Sri Lanka Financial analytics: We closed Sri Lanka's stock market because we've 'hit a tail event,' says Colombo Stock Exchange
Dumith Fernando of the Colombo Stock Exchange discusses the decision to temporarily close the stock market. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get ...
News Sri Lanka Financial analytics: Sri Lanka asks IMF for rapid financial assistance
COLOMBO :The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka's finance ministry said on Tuesday.A delegation headed by Sri Lanka's Finance Minister Ali Sabry kicked off formal talks with the IMF in Washingt
News Sri Lanka Financial analytics: Sri Lanka - Viber unveils who's most likely to augment their reality
Rakuten Viber , a global leader in private and secure messaging and voice-based communication, has released the results of an analysis of Viber L ...
News Sri Lanka Financial analytics: The Tangled Diplomacy Of Sri Lanka’s Currency Crisis – Analysis
Sri Lanka ends 2021 with foreign currency reserves in hand (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 the ...
