COLOMBO, Sept 25 The International Monetary Fund (IMF) said on Wednesday it has cut its forecast for Sri Lanka's 2019 economic growth to 2.7% from 3.5%, as the Easter Sunday attacks on hotels and churches earlier this year dented tourism and broader business activity.
COLOMBO Sri Lankan presidential nominee Gotabaya Rajapaksa would "restore relations" with the country's top lender China if he wins the Nov. 16 vote and met with a senior Chinese official this week, according to an adviser and his spokesman.
COLOMBO, Sept 19 Sri Lankan presidential nominee Gotabaya Rajapaksa would "restore relations" with the country's top lender China if he wins the Nov. 16 vote and met with a senior Chinese official this week, according to an adviser and his spokesman.
COLOMBO Sri Lanka's leading presidential candidate, Gotabaya Rajapaksa, would "restore relations" with the country's top lender China if he wins the Nov. 16 vote, his adviser said on Thursday.
COLOMBO A Sri Lankan parliamentary panel will investigate an allegation of corruption against a Chinese company contracted to work on the construction of South Asia's tallest tower.
COLOMBO Sri Lanka will hold a presidential election on Nov. 16, the head of the island nation's election body told Reuters on Wednesday, as its $87 billion economy struggles to recover from a political crisis and the aftermath of deadly Islamist bombings.
COLOMBO The grand opening of Sri Lanka's tallest tower was mired in controversy on Monday when President Maithripala Sirisena said one of the Chinese firms contracted to work on the project had disappeared with $11 million of state funds.
COLOMBO Sri Lanka's top court on Wednesday rejected an appeal by presidential candidate Gotabaya Rajapaksa to dismiss corruption charges against him, in a possible blow to the frontrunnner's candidacy.
COLOMBO Sri Lanka will ask Singapore to extradite former central bank governor Arjuna Mahendran in connection with an insider trading investigation, a Foreign Ministry official said on Tuesday.
COLOMBO Sri Lanka could overshoot its budget deficit target by much as 100 basis points this year, pushing its fiscal deficit to its highest in three years, as spending cuts have failed to offset shortfalls in revenues, three finance ministry officials said.
Hong Kong's rail operator said the entire metro system would remain shut on Saturday in an unprecedented move as the city braced for more demonstrations after a night of chaos when police shot a teenage boy and pro-democracy protesters torched businesses and metro stations.