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Sri Lanka has been grappling with significant economic challenges, including high levels of external debt and a strained fiscal situation. The COVID-19 pandemic further exacerbated these issues, leading to reduced revenues, increased borrowing, and a decline in foreign exchange reserves. As a result, the government has been facing difficulties ...
The COVID-19 pandemic in Sri Lanka is part of the ongoing worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) virus. The first case of the virus in Sri Lanka was confirmed on 27 January 2020, after a 44-year-old Chinese woman from Hubei , China , was admitted to ...
A study by Scripps Research Institute reports that COVID-19 may be mutating in Florida, making the virus more likely to infect cells. [91] During the month of June the seven day moving average of new COVID-19 cases in Florida increased nearly ten-fold, from 726 new cases per day on June 1 to 7,140 new cases on July 1, 2020. [5]
Sri Lanka's president said Wednesday that he is seeking a loan repayment moratorium until 2028 as the debt-ridden county tries to emerge from bankruptcy. President Ranil Wickremesinghe told ...
Ministry of Finance insisted that a fraudulent attempt was carried out by exploiting the Ministry of Finance's letterhead to send letters to the applicants of Enterprise Sri Lanka loan package. [7] The Enterprise Sri Lanka initiative was eventually abandoned by the Gotabaya Rajapaksa led government which came into power after winning the 2019 ...
A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. [1] [2] It is usually called a bridging loan in the United Kingdom, [3] also known as a "caveat loan," and also known in some applications as a swing loan.
(Reuters) -U.S. President-elect Donald Trump's transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal ...
MIAMI – A new study from the University of Miami shows dozens of luxury, beachfront condos and hotels, all along the southeast coast of Florida, are sinking into the ground at unexpected rates ...