Sri Lanka needs responsible borrowing, China co-operation on debt: US

China should co-operate with Sri Lanka’s debt re-structuring while the country should engage in responsible borrowings in the future, United State Agency for International Development Chief Samantha Power said.

Economy Next

2022-09-12

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CEB reports turnaround performance in 3Q despite t...

The Ceylon Electricity Board achieved a significant turnaround in Q3 2024, driven by prior steep tariff hikes, with revenue rising 19.8% year-on-year to Rs.126.80 billion and operating profits surging by 169.8% to Rs.35...

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ADB US$200 million loan to strengthen Sri Lanka’s...

The ADB approved a $200 million loan to strengthen Sri Lanka's financial sector by enhancing banking sector governance, improving asset quality, supporting MSMEs with incentives, promoting financial inclusion for women through...

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President urges IMF to adopt balanced approach in...

President Anura Kumara Dissanayake stressed the need for a balanced IMF approach that addresses fiscal challenges while prioritizing social welfare, efficient resource use, and anti-corruption measures to rebuild public tru...

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