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(Reuters) - Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Monday, as the Indian foreign minister began talks with the government of its neighbour.
The island nation is struggling to pay for essential imports of food and fuel after a 70%...
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Read more: Sri Lanka seeks further $1 billion credit line from India - reports
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The Sri Lanka Podujana Peramuna (SLPP) says that there is absolutely no plan to give the post of Prime Minister to the leader of the United National Party (UNP) Ranil Wickremesinghe.
During a SLPP press briefing in Colombo today (28), the Minister of Ports and Shipping Rohitha Abeygunwardena was asked a question about speculation that the...
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Read more: No plans to give premiership to Ranil - Rohitha
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India’s External Affairs Minister Dr. S. Jaishankar, who is on a two-day official visit to Sri Lanka, today visited a Lanka IOC filling station in Colombo.
In a twitter message, the Indian foreign minister said the Managing Director of Lanka IOC PLC briefed him on the fuel supply situation.
He also said the USD 500 million line of credit (LOC)...
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Read more: Indian minister visits LIOC filling station in Colombo
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The Central Bank of Sri Lanka (CBSL) has announced the official exchange rates of the US Dollar against the Sri Lankan Rupee for today (March 28).
Accordingly, the buying rate of the US dollar is listed as Rs. 288.74 while the selling rate is Rs. 298.99....
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Read more: CBSL announces official US dollar exchange rates
Write comment (95 Comments)The Ministry of Finance today announced that the special import levy on dates has been reduced to Rs. 01 with effect from today (March 28).
Issuing a statement, the ministry said that the existing special import levy of Rs. 200 per kilograms of dates has been reduced by Rs. 199 to Rs. 01.
This decision has been taken as a relief measure for Muslims...
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Read more: Special import levy on dates reduced to Rs. 01
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External Affairs Minister of India Dr. S. Jaishankar on Monday met Sri Lanka’s Finance Minister Basil Rajapaksa and discussed with him the island nation’s economic situation and India’s support during its current foreign exchange crisis.
Sri Lanka is facing an acute economic and energy crisis triggered due to the shortage of foreign exchange.
Jaishan...
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Read more: Jaishankar meets Basil- discuss economic situation and India s support
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