Sri Lanka
- World
Sri Lanka’s parliamentary committee approves amended debt restructuring plan
Colombo: Sri Lanka’s parliamentary oversight committee comprising members from both government and opposition on Friday approved the proposed domestic debt restructuring (DDR) plan with certain amendments, as part of the efforts to…
- World
SL’s domestic debt restructuring plan approved by special cabinet meeting: Prez Ranil
Colombo: Sri Lanka’s special cabinet meeting on Wednesday unanimously approved the government’s Domestic Debt Restructuring (DDR) plan under which the cash-strapped government aims to restructure USD 17 billion out of the total…
- World
SL Minister holds talks with his Chinese counterpart over economic crisis
Beijing: Sri Lankan Foreign Minister Ali Sabry on Sunday held talks with his Chinese counterpart Qin Gang here on the future trajectory of the bilateral ties and his country’s serious economic crisis…
- World
Sri Lanka’s economy shrinks 11.5 per cent in first quarter 2023
Colombo: Sri Lanka’s economy shrank 11.5 per cent in the first quarter of 2023 from the previous year, government data showed on Thursday, even as the cash-strapped island nation struggles to overcome…
- Sports
Asia Cup 2023: India to play Pakistan in Sri Lanka
New Delhi: Ending months of speculation around Asia Cup, the Asian Cricket Council (ACC) on Thursday announced that the tournament will be staged in a hybrid model with four games in Pakistan and…
- World
School children account for nearly quarter of SL’s dengue patients: Official
Colombo: Nearly 25 per cent of Sri Lanka’s dengue patients are school children, a health official said. Nalin Ariyaratne, the director of the National Dengue Control Unit, said on Sunday that there…
- World
SL lifts import restrictions on 286 items as economic woes eases
Colombo: Sri Lanka has lifted import restrictions on nearly 300 items with immediate effect, the Finance Ministry announced on Saturday, in a clear sign that the island nation is slowly but surely…
- World
Sri Lankan President expresses grief over tragic train collision in Odisha
Colombo: Sri Lankan President Ranil Wickremesinghe has conveyed his heartfelt condolences to the people and the government of India following the tragic train accident in Odisha that killed around 275 people. Wickremesinghe…
- World
Sri Lanka braces for southwest monsoon with warnings issued
Colombo: Sri Lanka’s Department of Meteorology forecasted on Sunday that the southwest monsoon is likely to be gradually established across the country during the next few days. Showers or thundershowers will occur…
- World
Sri Lanka President urges party unity to handle economic crisis
Colombo: President Ranil Wickremesinghe has called for joint action by all parties for Sri Lanka to emerge from the unprecedented economic crisis. Wickremesinghe, who made the remarks while addressing a legal conference…
- World
SL slashes policy rates to boost economy and curb inflation
Colombo: Sri Lanka’s central bank on Thursday slashed the policy interest rates by 250 basis points, the first since the “historic contraction” of the island nation’s economy in 2022, saying it will…
- Business
India to extend Sri Lanka’s 1 bn dollar credit line by a year
Colombo: India on Tuesday extended its under-utilised USD 1 billion credit line to Sri Lanka for another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed…
- World
Overseas travel ban lifted on Sri Lanka’s ex-President Mahinda Rajapaksa
Colombo: A Sri Lankan court here on Wednesday ordered the lifting of the overseas travel ban on former president and prime minister Mahinda Rajapaksa. The Fort Magistrate’s Court imposed a ban on…
- World
Sri Lanka’s debt restructuring likely to be complete by September: IMF
Colombo: The IMF has expressed hope that Sri Lanka’s debt restructuring process would be completed by September, which is also the time for the global lender’s formal review of the bailout facility…
- World
Cyclone Mocha: Nearly 2,000 affected in Sri Lanka
Colombo: One is reportedly missing and nearly 2,000 people have been affected in Southern Sri Lanka due to the indirect influence of extremely severe cyclonic storm ‘Mocha’ in the Bay of Bengal.…