Don’t miss the latest developments in business and finance.

Sri Lanka

The Sri Lankan police have questioned former prime minister Mahinda Rajapaksa and recorded a 3-hour-long statement over the violent clashes between his supporters and anti-government protesters

Updated On: 01 Aug 2023 | 6:30 PM IST

Sitharaman will join her Japanese counterpart and a senior French finance ministry official in Washington to announce Sri Lanka's debt restructuring negotiations process, the IMF has announced

Updated On: 12 Apr 2023 | 5:26 PM IST

US dollars will be sourced from open markets to pay for petrol and crude, says veteran politician.

Updated On: 30 Jan 2023 | 2:58 PM IST

Prime Minister has said the nation is working to obtain dollars in the open market to also pay for three ships with crude oil.

Updated On: 30 Jan 2023 | 2:50 PM IST

The Sri Lankan government on Tuesday had announced a USD 1.2 billion economic relief package amidst a severe foreign exchange crisis

Updated On: 06 Jan 2023 | 5:01 PM IST

'From the last lot of coaches and diesel electric multiple units exported to Sri Lanka, we are expecting a revenue of close to Rs 100 crore'

Updated On: 23 Nov 2022 | 11:55 AM IST

He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies

Updated On: 26 May 2022 | 3:17 AM IST

Fuel distribution in crisis-hit Sri Lanka has become more challenging due to public anger and a record hike in fuel prices with people many a times spending more than a day to get fuel

Updated On: 25 May 2022 | 8:54 PM IST

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework

Updated On: 25 May 2022 | 12:21 PM IST

Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.

Updated On: 25 May 2022 | 10:34 AM IST

Sri Lanka raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves

Updated On: 25 May 2022 | 1:34 AM IST

The economic crisis has also triggered a political crisis in Sri Lanka and a demand for the resignation of President Gotabaya Rajapaksa

Updated On: 24 May 2022 | 11:20 PM IST

'We have no rupee revenue, and now we have to print another (one) trillion rupees,' he said

Updated On: 24 May 2022 | 11:14 PM IST

This is for a period of 2 years at nil rate of customs duty and Agricultural Infrastructure and Development Cess

Updated On: 24 May 2022 | 9:37 PM IST

Sri Lanka has hired leading financial and legal advisory firms Lazard and Clifford Chance LLP to support its debt restructuring as the country is on the brink of bankruptcy

Updated On: 24 May 2022 | 3:03 PM IST

The US development agency has pledged support to the people of Sri Lanka, saying that it is committed to helping the island nation weather the financial crisis

Updated On: 24 May 2022 | 12:08 PM IST

A consignment of around 40,000 metric tonnes of petrol from India reached Sri Lanka, which is reeling under its worst-ever economic crisis, on Monday, the Indian mission in the island nation announced

Updated On: 24 May 2022 | 7:40 AM IST

From State Bank of India to T+1 settlement, here are the top headlines on Tuesday morning

Updated On: 24 May 2022 | 7:23 AM IST

SBI has been designated by the RBI as one among the domestic systemically important banks (D-SIBs)

Updated On: 24 May 2022 | 6:10 AM IST

For the second time, a local court on Monday extended the travel ban on Ajith Nivard Cabraal, former governor of the Central Bank of Sri Lanka, from travelling abroad

Updated On: 23 May 2022 | 2:56 PM IST