Search results
Results from the WOW.Com Content Network
COLOMBO (Reuters) -Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to ...
Sri Lanka became an aid recipient from Japan from the 1950s.Since then trade and investment linkages between the two countries developed and Japan was the largest aid donor to Sri Lanka until 2007, and is a major contributor to Sri Lanka's infrastructure development [5]
In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
In the past four years, the share of people living below the poverty line in Sri Lanka has risen to 25.9 per cent. The World Bank forecasts the economy to grow by just 2.2 per cent in 2024.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
COLOMBO/TOKYO (Reuters) -Sri Lanka and a group of its creditor nations said on Wednesday they have reached an agreement in principle on debt restructuring, a key step needed for the South Asian ...
Expolanka Holdings Limited is a diversified conglomerate with interests in logistics, leisure, food and technology businesses with a global presence in 39 countries and over 100 cities. Expolanka Holdings PLC shares were delisted from the Colombo Stock Exchange (CSE) on 12 September 2024, after shareholders approved a resolution on 27 March ...