Sri Lanka PM to take over as finance minister too | Business and Economy News

Sri Lanka PM to take over as finance minister too | Business and Economy News

Sri Lanka’s Prime Minister Ranil Wickremesinghe will take cost as finance minister as effectively, the president’s workplace has introduced, and can lead talks with the Worldwide Financial Fund (IMF) because the crisis-hit nation seeks a bail out. “Prime Minister Ranil Wickremesinghe was sworn in as finance, financial stabilisation and nationwide insurance policies minister earlier than … Read more

Sri Lankan PM says he will slash expenditure in new budget

Sri Lankan PM says he will slash expenditure in new budget

Sri Lanka’s new Prime Minister Ranil Wickremesinghe stated on Could 25 that he’ll current an interim finances inside six weeks, slashing infrastructure initiatives to re-route funds right into a two-year reduction programme for the crisis-hit island nation. Mr. Wickremesinghe, who took workplace two weeks in the past, warned that inflation would rise as the federal … Read more

Sri Lanka inflation could rise to 40%, PM warns crisis-ridden country

Sri Lanka inflation could rise to 40%, PM warns crisis-ridden country

Inflation might rise to a staggering 40 per cent, Sri Lanka’s prime minister Ranil Wickremesinghe warned on Wednesday as he took extra duty of operating the nation’s finance ministry. The 73-year-old took cost of the essential authorities division after two weeks of dialogue amongst coalition companions forward of bailout talks with the Worldwide Financial Fund. … Read more

Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources

Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring -sources

An air pressure officer holds Sri Lanka’s nationwide flag because the solar units at Galle Face Inexperienced in Colombo February 2, 2013. REUTERS / Dinuka Liyanawatte Sri Lanka has employed heavyweight monetary and authorized advisers Lazard and Clifford Probability because it prepares for the troublesome job of renegotiating its money owed, a trio of sources … Read more

Sri Lanka prime minister retains finance minister portfolio

Sri Lanka prime minister retains finance minister portfolio

Breadcrumb Path Hyperlinks PMN Enterprise Writer of the article: Writer of the article: Reuters Uditha Jayasinghe Article content material COLOMBO — Sri Lanka’s Prime Minister Ranil Wickremesinghe will maintain twin cost as finance minister, the president’s workplace introduced on Wednesday, and can lead talks with the Worldwide Financial Fund (IMF) for a bailout for the … Read more

Sri Lanka’s prime minister takes on crucial finance ministry portfolio

Sri Lanka prime minister retains finance minister portfolio

Breadcrumb Path Hyperlinks PMN Enterprise Writer of the article: Writer of the article: Reuters Uditha Jayasinghe Article content material COLOMBO — Sri Lanka’s Prime Minister Ranil Wickremesinghe will maintain twin cost as finance minister, the president’s workplace introduced on Wednesday, and can lead talks with the Worldwide Financial Fund (IMF) because the crisis-hit nation seeks … Read more

Sri Lanka increases fuel prices to address economic crisis

Sri Lanka prime minister retains finance minister portfolio

Breadcrumb Path Hyperlinks PMN Enterprise Writer of the article: Writer of the article: Reuters Uditha Jayasinghe Article content material COLOMBO — Sri Lanka elevated gasoline costs on Tuesday, a long-flagged transfer to fix public funds and fight its debilitating financial disaster, however the hikes are sure so as to add to galloping inflation not less … Read more

Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring

Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring

COLOMBO, LONDON; Sri Lanka has employed heavyweight monetary and authorized advisers Lazard and Clifford Likelihood because it prepares for the tough job of renegotiating its money owed, a trio of sources informed Reuters on Monday. The transfer is the newest improvement in Sri Lanka’s worst financial disaster since independence from Britain in 1948 and comes … Read more

EXCLUSIVE Sri Lanka’s prime minister says he will slash expenditure in new budget

EXCLUSIVE Sri Lanka’s prime minister says he will slash expenditure in new budget

Ranil Wickremesinghe took workplace two weeks in the past New finance minister to be appointed on Wednesday Authorities planning two-year aid bundle Inflation may prime 40%, protests proceed as hardship grows COLOMBO, Might 24 (Reuters) –Sri Lanka’s new Prime Minister Ranil Wickremesinghe stated on Tuesday he’ll current an interim price range inside six weeks, slashing … Read more

Sri Lanka hikes fuel prices, hires financial and legal advisers | Business and Economy News

Sri Lanka hikes fuel prices, hires financial and legal advisers | Business and Economy News

Sri Lanka has elevated gasoline and transport costs, a long-flagged transfer to fight its debilitating financial disaster, however the hikes are certain to exacerbate galloping inflation, at the very least within the quick time period. Energy and power minister Kanchana Wijesekera mentioned in a message on Twitter on Tuesday that petrol costs would enhance by … Read more