Wednesday, April 21News That Matters

Tag: Lanka

Sri Lanka will get emergency China mortgage as rupee hits file low

Sri Lanka will get emergency China mortgage as rupee hits file low

Science and Nature
Sri Lanka secured a $500 million mortgage from China Monday in a determined train heart's contents to shore up its international exchange reserves as the native forex hit a file low. The Sri Lankan embassy in Beijing said the mortgage settlement with the China Pattern Financial institution will "infuse vitally required international exchange" into the island's pandemic-battered economy. It is the second Chinese mortgage made in lower than three weeks. Final month, the Other americans's Financial institution of China granted a $1.5 billion forex swap to finance imports from China, a key vendor of manufactured items to the island which is struggling to pay for imports. Sri Lanka's rupee hit a file low of 202.73 to the US buck, as the country's international reserves fell to $4.05 ...
Sri Lanka secures $1.5 billion Chinese language loan

Sri Lanka secures $1.5 billion Chinese language loan

Science and Nature
Sri Lanka and China devour signed a $1.5 billion currency swap deal, the island nation's central financial institution said Tuesday, as it struggles with a predominant international replace disaster and debt repayments. Colombo had been negotiating for months to trusty credit from China -- its most exciting single source of imports -- because the island's international reserves plummet amid the pandemic. Chinese language affect within the South Asian nation has been rising in unique years, via loans and tasks under its wide Belt and Avenue infrastructure initiative, raising considerations amongst regional powers and Western countries. The Central Financial institution of Sri Lanka said the three-One year swap plot for 10 billion yuan with the Americans's Financial institution of ...

West Indies vs Sri Lanka: Sri Lanka Stand Firm In 2nd Test As Series Ends In 0-0 Plot

Sports
The West Indies vs Sri Lanka 2-match Test sequence resulted in a 0-0 design.© AFP Sri Lanka's high-uncover batting held agency to be sure a design and a drawn sequence against the West Indies on the closing day of the 2d and last Test on the Sir Vivian Richards Stadium in Antigua on Friday. Establish the daunting target of 377 and resuming at 29 without loss, the vacationers reached 193 for two with a tops core of 75 by captain Dimuth Karunaratne and an unbeaten 66 by Oshada Fernando main the resistance. After managing ideal 16 runs in three earlier innings, Karunaratne's 25th Te...