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China Backs Sri Lanka Debt Plan, Sources Say, Paving Way for IMF Loan
China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9...
IMF justifies CBSL’s policy rate hike as appropriate
The International Monetary Fund (IMF) on Saturday justified the 1% policy rate hike by the Central Bank of Sri Lanka (CBSL) as “appropriate” though...
Suicide bomber kills nine police officers in Pakistan
A suicide bomber killed nine police officers and wounded 16 others Monday in an attack on their truck in southwestern Pakistan, officials said.
Security forces...
Over 20 train journeys cancelled on a daily basis
The operations of the “Udaya Dewi” train running from Colombo Fort to Batticaloa has been halted as a result of the prevailing shortage of...
Finance Secretary barred from withholding budget allocations for elections
Supreme Court issued an interim order on the country's Finance Secretary, and the Attorney General who represents the Finance Minister preventing them from withholding...
China calls for global lenders’ involvement in developing nations’ debt
Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries.
China,...
Sri Lankan Rupee continues to appreciate against USD
The Sri Lankan Rupee (LKR) has appreciated further against the US dollar (USD) today (March 03) as the buying rate reached Rs. 334.50 and...
Pakistan, Sri Lanka to decide on key rates as IMF bailouts hang
Borrowing costs hovering at two-decade highs to quell Asia’s fastest inflation rates will be in focus in Pakistan and Sri Lanka, as the crisis-gripped...
Beijing hits out at Antony Blinken’s ‘irresponsible and absurd’ comments
Beijing on Tuesday slammed US Secretary of State Antony Blinken for his recent comments on Taiwan, calling them “totally irresponsible and absurd”.
Speaking at a regular...
Ex-Finance Minister released from two more charges in 2016 bond scam case
The Court of Appeal today (28 Feb.) issued a writ order stating that the charges filed by the Attorney General against former Finance Minister...