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(Reuters) - Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
COLOMBO (Reuters) -Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to ...
Protesters in Sri Lanka, where an economic crisis has upended people’s daily lives, were angry but not sorry to learn that President Gotabaya Rajapaksa had fled the country on Wednesday.
Port City Colombo, ( Sinhala: කොළඹ වරාය නගරය, romanised: Koḷam̆ba Warāya Nagaraya) is a multi-service special economic zone located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been completed as of January 2019. In 2017 ...
Katchatheevu ( Tamil: கச்சத்தீவு, Tamil pronunciation: [kəttʃət̪t̪iːʋʉ]) [a] is an uninhabited island in Sri Lanka. The island was governed by British Ceylon (now Sri Lanka) from 1921. [3] Though the Indian government never controlled it, the island remained disputed until 1974 between India and Sri Lanka when India ...
The banknotes of the Sri Lanka rupee are part of the physical form of Sri Lanka 's currency. The issuance of the rupee banknotes began in 1895. The Government of Ceylon introduced its first paper money in the form of the 5 rupee banknote in 1895. These were followed by 10 rupee notes in 1894, 1000 rupee notes in 1899, 50 rupee notes in 1914, 1 ...
June 3, 2024 at 1:23 AM. COLOMBO, Sri Lanka (AP) — Sri Lanka closed schools on Monday as heavy rain triggered floods and mudslides in many parts of the island nation, leaving at least 10 people ...