economic crisis
- World
13th death reported in Sri Lanka fuel queues
Colombo: A total of 13 people have died while waiting in long queues for fuel in Sri Lanka since the worst-ever economic crisis began earlier this year. On Monday, a 60-year-old man…
- World
US delegation meets SL President Rajapaksa; discusses economic crisis
Colombo: A high-level US delegation on Monday met Sri Lankan President Gotabaya Rajapaksa and discussed measures to help the island nation cope with an unprecedented economic crisis and severe shortages of essential…
- World
US announces additional USD 5.75M in response to Sri Lanka’s economic crisis
Colombo: The US on Tuesday announced additional funding of over USD 5 million to cash-starved Sri Lanka to address the immediate needs of people hardest hit by the economic crisis in the…
- Technology
Spotify to reduce new hiring by 25% amid economic slowdown
San Francisco: Swedish music streaming giant Spotify is reportedly reducing new hiring by at least 25 per cent as tech companies navigate through volatile market conditions globally. According to media reports, Spotify…
- Business
India provides Sri Lanka USD 55 mn credit line for fertiliser imports
Colombo: India has provided a USD 55 million Line of Credit to crisis-hit Sri Lanka for the import of fertiliser, in a bid to help the island nation tide over its worst…
- World
Sri Lanka’s fuel supplies in crisis with last shipments under Indian credit line to arrive this month
Colombo: The last of the fuel shipments due under the Indian Line of Credit are arriving in Sri Lanka this month with no indications on the sustenance of future supplies which are…
- World
Sri Lanka grants 40-year tax relief for China-backed Port City investments
Colombo: Crisis-hit Sri Lanka has decided to give special 40-year tax relief for Chinese-built Colombo Port city to attract potential investors as the island nation’s largest foreign direct investment failed to attract…
- World
Sri Lanka seeks USD 55 mn loan from India for buying fertiliser
Colombo: Sri Lanka has sought a USD 55 million loan from India for the procurement of urea amidst its worst economic crisis threatening a severe food shortage, an official said on Tuesday.…
- Sports
Sri Lanka Cricket to donate 2 mn USD to country’s hospitals
Colombo: Sri Lanka Cricket (SLC) will donate 2 million US dollars to support the country’s health sector in purchasing essential medicines amid the crippling economic crisis in the island nation. As per…
- World
Pak government no to early polls, will complete a full term
Islamabad: After much deliberation, the coalition partners in Pakistan have decided that the incumbent government will go ahead with the completion of its term instead of holding early elections, sources said on Monday.…
- World
India supplies another 40,000 metric tonnes of diesel to crisis-hit Sri Lanka
Colombo: India on Saturday provided another 40,000 metric tonnes of diesel to Sri Lanka under the credit line facility to the island nation which is grappling with its worst economic crisis. Last…
- World
Sri Lanka decreases limit of foreign currency people can hold to USD 10,000
Colombo: Sri Lanka’s Central Bank on Thursday decided to substantially decrease the limit of foreign currency a person can hold in his possession to USD 10,000 from USD 15,000 as the forex…
- World
Newly-appointed PM Wickremesinghe says his aim is to save crisis-hit Sri Lanka, not a family
Colombo: Sri Lanka’s newly-appointed Prime Minister Ranil Wickremesinghe on Monday warned that the next two months would be the toughest and said his aim is to save the country from the ongoing economic…