Sri Lanka – Page 12 – Asian News from UK

Lanka slashes fuel prices

Sri Lanka increased fuel prices by over 200 per cent in 2022 amid the worst-ever economic crisis in the island nation since independence in 1948….reports Asian Lite News Sri Lanka’s Power and

March 29, 2023

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India, US, Japan secure IMF bailout for Sri Lanka

The IMF bailout will undoubtedly inject Sri Lanka’s economy a lifeline, but the government must follow the IMF’s guidelines, which could be one of the hardest tasks for this administration or any

March 29, 2023

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India to help Lanka in strengthening its energy sector

India already has a significant stake in Sri Lanka’s energy sector and a strategic interest in Trincomalee…reports Asian Lite News A high-level Indian delegation led by the Secretary of the Ministry of

March 26, 2023

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Lanka: Ranil’s yes to armed forces to maintain public order

The Army, Navy and Air Force have been called out for the maintenance of public order in nearly 30 districts, including capital Colombo….reports Asian Lite News Amidst looming protests mainly over tax

March 23, 2023

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IMF funding will lay foundation for a strong economy: Lanka President

The President told Parliament that the government also aims to reduce the inflation rate to 4 per cent to 6 per cent and bring it to a single digit by mid-2023…reports Asian

March 22, 2023

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‘LKR to appreciate once we enter IMF deal’

Wickremesinghe said once Sri Lanka receives the IMF funds, it can start restructuring external debt, adding that the LKR will trade between 185 to 200 against a dollar….reports Asian Lite News The

March 21, 2023

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Lanka secures $2.9bn IMF bailout

The development was confirmed to the media by State Minister of Finance Shehan Semasinghe late Monday night…reports Asian Lite News As Sri Lanka is still undergoing its worst ever economic crisis since

March 21, 2023

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Private firms to supply jet fuel in Lanka

Importing Jet A-1 fuel is also a challenge for the CPC because of the foreign currency shortage..reports Asian Lite News Sri Lanka’s Cabinet of Ministers has approved a proposal to allow private

March 1, 2023

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UAE, Sri Lanka activate consular cooperation deal

The two sides discussed a number of joint consular matters and plans to follow up and develop them, in addition to discussing means to enhance joint consular cooperation….reports Asian Lite News The

February 28, 2023

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Lanka approves Adani Group’s two wind power plants

The new projects will generate nearly 1,500-2,000 employment opportunities…writes Susitha Fernando Struggling to generate power amid the ongoing financial crisis, Sri Lanka has given the go-ahead to two wind power plants by

February 23, 2023

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Sri Lanka - Page 12