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Today: March 26, 2025
Today: March 26, 2025
Uditha Jayasinghe

Uditha Jayasinghe

Staff Writer

Latest From Uditha Jayasinghe

Asia|Business|Economy

Sri Lanka's central bank holds rate to support economic recovery

Sri Lanka's central bank kept its key policy rate unchanged for a second consecutive meeting on Wednesday to underpin the island nation's economic recovery

Sri Lanka's central bank holds rate to support economic recovery
Asia|Business|Economy|Finance|World

Sri Lanka's economy grew 5% in 2024 in strong rebound from financial crisis

Sri Lanka's economy grew 5% last year, official data showed on Tuesday, beating forecasts, and marking a strong rebound from the country's worst financial crisis in

Sri Lanka's economy grew 5% in 2024 in strong rebound from financial crisis
Asia|Business|Economy|Finance|World

Sri Lanka clinches deal with Japan to restructure $2.5 billion in debt

Sri Lanka and Japan signed agreements on Friday to restructure $2.5 billion worth of debt, completing two years of talks that will assist the island nation in

Sri Lanka clinches deal with Japan to restructure $2.5 billion in debt
Asia|Business|Economy|Political

Sri Lanka should avoid tax exemptions, focus on passing budget, IMF says

Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue

Sri Lanka should avoid tax exemptions, focus on passing budget, IMF says
Asia|Business|Economy|Finance|Political

Sri Lanka's new president presents first budget with focus on crisis recovery

Sri Lanka's new President Anura Kumara Dissanayake will outline the government's revenue and policy goals in his first full-year budget on Monday, seeking to

Sri Lanka's new president presents first budget with focus on crisis recovery
Asia|Business|Economy|Election|Finance|Political

Why is Sri Lanka's budget key to recovery from a severe financial crisis?

Sri Lanka's new President Anura Kumara Dissanayake will present his first budget on Monday to outline how the island nation plans to strengthen its recovery

Why is Sri Lanka's budget key to recovery from a severe financial crisis?
Asia|Business|Economy|Finance|Political

Sri Lanka cenbank holds key policy rate steady as budget looms

Sri Lanka's central bank held its overnight policy rate steady on Wednesday to underpin a stronger economic recovery as the country gradually pulls ahead from

News|Technology

Sri Lanka votes on new law to regulate online content

Sri Lanka's lawmakers are set to vote on a social media regulation bill on Wednesday which opposition politicians and activists allege will muzzle free speech.

Sri Lanka votes on new law to regulate online content
Asia|News|World

Iran ready to forge stronger ties with Sri Lanka, Raisi says

Iran is ready to strengthen ties with Sri Lanka and other Asian countries, its president, Ebrahim Raisi, said on Wednesday, during a short visit to the island

Iran ready to forge stronger ties with Sri Lanka, Raisi says
Business|Food|News

McDonald's stores close in Sri Lanka after deal with partner ended, lawyer says

McDonald's has ended an agreement with its local partner in Sri Lanka and all 12 outlets in the country have been closed, an attorney for the U.S. company said

McDonald's stores close in Sri Lanka after deal with partner ended, lawyer says
Business|Crime|Finance|News

Sri Lanka approves IMF-backed law to seize proceeds of crime

Sri Lanka has approved a new law backed by the International Monetary Fund (IMF) allowing the state to seize any proceeds from criminal activities, a cabinet

Asia|Crime|News|World

Tamils faced torture in Sri Lanka long after war, rights group says

Sri Lanka's security forces abducted men and women from the ethnic Tamil minority and tortured them in custody long after the end of a bloody civil war in the

Europe|News|World

Sri Lanka to send delegation to Russia to help repatriate men duped into Ukraine fighting

Sri Lanka will dispatch a high-level delegation to Russia to investigate the fate of hundreds of nationals reportedly fighting in the war in Ukraine, a top

Asia|Business|Economy

Sri Lanka's new economic law to be presented to parliament this week

Sri Lanka's new economic transformation law will be presented to parliament this week and will include measures to attract investors and increase productivity,

Sri Lanka's new economic law to be presented to parliament this week
Asia|Economy|Finance|News

Sri Lanka holds rates to manage inflation, foster economic stability

Sri Lanka's central bank held interest rates steady on Tuesday to ensure inflation pressures remain in check as authorities look to foster economic stability

Sri Lanka holds rates to manage inflation, foster economic stability
Asia|Business|Economy

Sri Lanka's tea producers warn 70% wage hike will hit industry

Sri Lanka's tea producers on Monday condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive and reduce

Sri Lanka's tea producers warn 70% wage hike will hit industry
News|World

Sri Lanka tightens controls to stop men being duped into Ukraine fighting

Sri Lanka will tighten controls to try to stop its men being lured to Russia to fight in Ukraine with often false promises of salaries and benefits, a minister

Asia|Business|Economy|Finance

Sri Lanka inks debt deal with creditor nations, including China

Sri Lanka on Wednesday signed agreements with China and other creditor nations to restructure about $10 billion in bilateral debt, in a major step towards

Sri Lanka inks debt deal with creditor nations, including China
Business|Economy|Finance

Sri Lanka to save $5 billion after bilateral debt rework, president says

Sri Lanka will save $5 billion in interest owed to bilateral creditors as part of its debt restructuring process, President Ranil Wickremesinghe said on

Sri Lanka to save $5 billion after bilateral debt rework, president says
Asia|Business|Economy|Finance|News|World

Sri Lanka to sign agreement with creditor nations on Wednesday

Sri Lanka will sign a debt restructuring agreement with a group of creditor nations on Wednesday, the government said in a major step to help stabilise the

Sri Lanka to sign agreement with creditor nations on Wednesday
Economy|Finance|News

Sri Lanka reaches provisional deal on $12.5 billion bond rework

Sri Lanka has secured a deal to move forward on restructuring about $12.5 billion of international bonds, the government said on Wednesday, a

Sri Lanka reaches provisional deal on $12.5 billion bond rework
Asia|Business|News|Technology

Sri Lanka paves way for Musk's Starlink to enter telecoms market

Sri Lanka's parliament approved amendments to a decades-old law on Tuesday to allow Elon Musk's Starlink, the satellite unit of SpaceX, to set up operations in

Sri Lanka paves way for Musk's Starlink to enter telecoms market
Asia|Business|Economy|Finance

Sri Lanka central bank seen holding rates to foster stability: Reuters poll

Sri Lanka's central bank is expected to hold interest rates for a second straight meeting on Wednesday as it attempts to maintain monetary stability in the

Sri Lanka central bank seen holding rates to foster stability: Reuters poll
Asia|Business|Economy|Finance|News

Sri Lanka cuts rates to stimulate economic recovery

Sri Lanka's central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country's

Sri Lanka cuts rates to stimulate economic recovery
Asia|Business|Economy|Finance

Sri Lanka cuts rates to stimulate economic recovery

Sri Lanka's central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country's

Sri Lanka cuts rates to stimulate economic recovery

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