Tag: Sri
Forex reserves under pressure, but no risk of Sri Lanka-like crisis: Planning minister
Bangladesh's forex reserves are under pressure but the country is not facing a crisis like Sri Lanka faced last year and the issue does not deserve t [...]
Sri Lanka Relaxes Some FX Controls to Spur Overseas Transactions
Sri Lanka eased restrictions on the foreign-exchange market to allow companies and individuals to send more dollars abroad.Local companies would be al [...]
For Sri Lanka’s forex-earning garment workers, it’s a daily battle for survival
“I came to Colombo with a dream. Now I have lost it,” the young garment factory worker said, sounding dejected.She left her hometown in Jaffna, in nor [...]
A potential forex earner: Advent of e-tuk tuks made in Sri Lanka
The junction past the Maligawatta Police station is popularly known as the ‘Elba junction’ by the people. Known as an area with shops selling spare pa [...]
Sri Lankan pilgrims no longer required to pay for Hajj in forex, ready for journey
COLOMBO: Sri Lanka is expecting to use its full Hajj quota this year after the government lifted a 2022 policy that required pilgrims from the crisi [...]
Sri Lanka FX Reserves Jump to $2.69 Billion in March on IMF Aid
Sri Lanka’s foreign exchange reserves grew in March to the highest in over a year after the South Asian nation clinched a $3 billion International Mon [...]
Sri Lanka forex down to USD 500 million, postpones local polls | World News
With usable foreign exchange reserves plummeting to USD 500 million, the March 9 local elections have been postponed due to lack of funds even as th [...]
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch
On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to fight against the corr [...]
Crisis-hit Sri Lanka prepares for Gulfood 2023 to attract more foreign exchange
Ukraine’s Zelensky arrives in Washington seeking ‘weapons, weapons and more weapons’
WASHINGTON/KYIV: Ukrainian President Volodymyr Zelensky arrive [...]
Forex Shortage forces closure of Sri Lanka’s refinery
COLOMBO (News 1st) – The Sapugaskanda Refinery will be closed from Friday (7) due to shortage in Forex for Crude Oil Cargos, announced Sri Lanka's Po [...]
Significant amount of 'confirmed' forex flows failed to materialise: Finance Ministry responds – The Sunday Times Sri Lanka
Significant amount of 'confirmed' forex flows failed to materialise: Finance Ministry responds The Sunday Times Sri Lanka
www.sundaytimes. [...]
World News | Severity of Sri Lanka’s Forex Crisis Eased: Central Bank Governor
Colombo, Aug 18 (PTI) Sri Lanka's forex situation has "improved" and the economy has started to see favourable results due to [...]
After Sri Lanka, Bhutan’s Crisis Risks On The Rise As Forex Reserves Plummet
Bhutan bans import of most vehicles as foreign exchange reserves plummetKATHMANDU: Bhutan will ban the import of all vehicles except utility vehicles, [...]
How Sri Lanka’s economic collapse raises alarm bells for other emerging markets
During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country's [...]