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Shihar Aneez

Indian-Omani group strikes $3.85 billion deal to build Sri Lanka oil refinery

Mar 19 2019

COLOMBO India's Accord Group and Oman's Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country.

Indian-Omani group strikes $3.85 bln deal to build Sri Lanka oil refinery

Mar 19 2019

COLOMBO, March 19 India's Accord Group and Oman's Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country.

UPDATE 4-Sri Lanka raises $2.4 bln in dollar bond sale - term sheet

Mar 07 2019

* Bond sale follows 2019 budget (Updates with latest order stats)

Learning the ropes: Sri Lankan ad for hangmen draws 102 applicants

Mar 07 2019

COLOMBO A Sri Lankan advert for hangmen has attracted more than 100 applicants, including an American, a prison service spokesman said on Wednesday, as the country pushes ahead with a plan to reintroduce the death penalty for drug offences.

UPDATE 1-Sri Lanka boosts spending in budget targeting voters

Mar 05 2019

* Sri Lanka to hold polls later in 2019, next year (Adds detail, comment)

IMF agrees to extend Sri Lanka's $1.5 billion loan facility by one year

Mar 01 2019

COLOMBO The International Monetary Fund (IMF) on Friday said it has reached an agreement with Sri Lanka to extend a $1.5 billion (1.13 billion pounds) loan facility for an extra year, a move some analysts say could allow the government to boost spending ahead of key elections.

IMF agrees to extend Sri Lanka's $1.5 billion loan facility by one year

Mar 01 2019

COLOMBO The International Monetary Fund (IMF) on Friday said it has reached an agreement with Sri Lanka to extend a $1.5 billion loan facility for an extra year, a move some analysts say could allow the government to boost spending ahead of key elections.

Exclusive: IMF agrees to extend Sri Lanka loan program, disburse delayed tranche - sources

Mar 01 2019

COLOMBO The International Monetary Fund has agreed to extend Sri Lanka's $1.5 billion loan program by one year and has reached staff level agreement to disburse the sixth tranche of the loan, government and diplomatic sources told Reuters on Friday.

Sri Lanka asks IMF for 1-yr loan extension, relax tight spending targets - sources

Feb 26 2019

COLOMBO, Feb 26 Sri Lanka has asked the International Monetary Fund (IMF) to extend a $1.5 billion loan by another year and relax its tight spending targets ahead of key elections, two government sources close to the negotiations told Reuters on Tuesday.

Sri Lanka central bank cuts banks' liquidity ratio to spur loan growth

Feb 22 2019

COLOMBO Sri Lanka's central bank unexpectedly slashed banks' statutory reserve ratio on Friday to spur credit growth as policymakers struggle to boost the island's faltering economy after a political crisis.

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