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Sri Lanka and its bondholders had inked a preliminary deal to restructure $12.5 billion in debt on Thursday, after months of delay and objections from the IMF and official lenders to a previous deal.
9.1–9.3. Depth. 30. Epicenter. Indian Ocean, off the coast of Sumatra. Casualties. 31,229 confirmed dead, 4,093 missing, 21,411 injured. Sri Lanka was one of the countries struck by the tsunami resulting from the Indian Ocean earthquake on December 26, 2004. On January 3, 2005, Sri Lankan authorities reported 30,000+ confirmed deaths.
Sri Lanka is still waiting for the money pledged by the donors. Money pledged by the people has been pledged to the NGOs." [14] Sri Lanka's Foreign Minister, Lakshman Kadirgamar, stated in a BBC interview, "A lot of aid what has been coming in latterly [15] is I'm afraid – I'm sorry to say – not very useful. For instance there was a ...
S&P SL20. The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange. The 20 companies that make up the index is determined by Standard & Poor's global index methodology, according to which ...
01:12. The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary ...
Sri Lanka's dollar bond maturing in July 2026 was up 0.28 cents at 51.53 cents by 0500 GMT, Tradeweb data showed. Wednesday's rise of 1.19 cents was its largest single-day gain in more than a month.
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]
Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second ...