ECONOMYNEXT – Majority members of ruling Sri Lanka Podujana Peramuna (SLPP) is backing current President Ranil Wickremesinghe at the upcoming presidential poll, State Urban Development and Housing Minister Arundika Fernando said. Analysts expect an imminent split in the SLPP if…
ECONOMYNEXT – Sri Lanka’s President Ranil Wickremesinghe has said that neither he nor his lawyers were consulted when a businessman on Wednesday filed a fundamental rights (FR) petition in the Supreme Court asking for an interpretation on the tenure of…
ECONOMYNEXT – Sri Lanka President Ranil Wickremesinghe has said that neither he nor his lawyers were consulted when a businessman on Wednesday filed a fundamental rights (FR) petition to the Supreme Court asking for an interpretation on the tenure of…
ECONOMYNEXT – Sri Lanka has reached a deal with bondholders involving hair cuts of 28 percent on bonds and 11 percent on interest arrears with the principal on some securities called macro-linked bonds to 15 percent if GDP grows at…
ECONOMYNEXT – Sri Lanka’s election laws are still in force and all should abide the law, the island nation Election Commission (EC) said amid many political parties and their candidates in the run up to presidential poll have started distributing…
ECONOMYNEXT — Seeking concessions on foreign loans without making any commitments is neither practical nor feasible, President Ranil Wickremesinghe said, noting that bilateral creditors never reduce the principal on a loan. “What we can obtain are concessions such as extended…
ECONOMYNEXT — There is no bad feeling between President Ranil Wickremesinghe and the Sri Lanka Podujana Peramuna (SLPP), but the president and the ruling party are of two different political positions, SLPP leader Mahinda Rajapaksa said. The former president told…
ECONOMYNEXT — Sri Lanka’s total foreign debt is 37 billion US dollars and it did not increase from 71 billion to 100 billion over his incumbency as claimed by affiliates of opposition MP Anura Kumara Dissanayake, President Ranil Wickremesinghe said.…
ECONOMYNEXT – Sri Lanka has appointed a committee to look into renegotiate all the cancelled projects with bilateral loans after the last week debt restructuring deal, Cabinet Spokesman Bandula Gunawardena said. The island nation reached US$10 billion debt restructuring deal…
ECONOMYNEXT – Sri Lanka’s budget deficit has collapsed to 361 billion rupees up to April 2024 from 824.2 helped by higher tax revenues and a falling interest bill, official data show. Revenues surged 48 percent to 1,216 billion rupees to…
