Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan. ... Colombo, markets had breathed a sigh of relief. Sri Lanka’s stock market has jumped 6 percent this month, ...

Special Economic Zones (SEZs) can be defined as ‘geographically delimited areas within which governments facilitate industrial activity through fiscal and regulatory incentives and ...

FILE - Sri Lankan president Ranil Wickremesinghe arrives at the parliamentary complex in Colombo, Sri Lanka on Aug. 3, 2022. Sri Lanka’s new government plans Tuesday, Aug. 30, 2022 to present an ...

COLOMBO • Sri Lanka unveiled a US$1 billion (S$1.36 billion) relief package as President Gotabaya Rajapaksa's government seeks to temper growing public anger over the surging prices of essential ...

On 3 January, Sri Lanka’s government announced a fiscal relief package worth LKR229 billion ($1 billion, 1.6% of our 2022 GDP forecast) to support the economy and alleviate the impact of higher ...

COLOMBO, Sri Lanka — Churches across Sri Lanka lit 40,000 candles June 26 to remember the 40,000 lives that were snatched away six months earlier when tsunami... A Service of EWTN News, Inc.

Anti-government protesters shout slogans at a protest site in Colombo, Sri Lanka, Aug. 3, 2022. Credit: AP Photo/Eranga Jayawardena. The issue of global debt distress is a matter of great concern ...

Sri Lanka’s geographical position is ideal to become a regional manufacturing and shipping hub. Taking this as an advantage, it is important to establish special economic zones in order to ...