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2 hours ago · ECONOMYNEXT – Sri Lanka says bondholders have made further concessions during the latest round of negotiation which will see the present value benefit increasing from 27 percent in a July deal to 33 percent in the September deal, if the economy performs better than expected. Sri Lanka’s ...
2 days ago · Sri Lanka state worker wage cost to rise 0.2-pct to 3.8-pct of GDP in 2025. The salary hike would be made within the recurrent primary expenditure (before interest), of 12.7 percent of GDP. September 12, 2024 2 min read.
4 days ago · Sri Lanka's government and private borrowers has serviced 2.58 billion dollars of debt in 2023 and 2.48 billion in 2022, the year that the country defaulted on external debt, the Finance Ministry said.
17 hours ago · Under Wickremesinghe, Sri Lanka has been negotiating with the international creditors to restructure the country’s staggering debt and get the economy back on track. The International Monetary Fund approved a four-year bailout program last year, but many Sri Lankans are unhappy over the government’s efforts to increase revenue by raising electricity rates and imposing heavy taxes on ...
1 day ago · On Sept. 21, 17 million Sri Lankans will cast their vote to select the country’s next president. ... There is a silver lining to this campaign season despite Sri Lanka’s economic woes ...
17 hours ago · About 17 million of Sri Lanka's 22 million people are eligible to vote in the first election since protests against the economic hardships in 2022 forced then president Gotabaya Rajapaksa to flee ...
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12 hours ago · Jafferjee, the economic analyst, said the election is “extremely crucial” for Sri Lanka’s economic recovery. The next president should use his executive powers to “enact pro-consumer ...
