Sri Lanka
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Nepal economy may go Sri Lankan way: Ex-central bank governor
Kathmandu: Dipendra Bahadur Chhetri, the former Governor of Nepal Rastra Bank (NRB), has said that the situation of Nepal’s economy is not like that of Sri Lanka. However, if the political rights…
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Sri Lanka civil society expresses displeasure over 22nd Amendment to Constitution
Colombo: A group of civil society representatives on Saturday met Sri Lankan Prime Minister Ranil Wickremesinghe to express displeasure on the proposed 22nd Amendment to the Constitution, saying it does not curtail…
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Sri Lankan Tamil parties seek India’s intervention to conduct provincial elections
Colombo: A group of Tamil minority political parties in Sri Lanka has urged India to intervene and put pressure on President Gotabaya Rajapaksa to hold long-pending elections in nine provinces. The provincial…
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China provides USD 2.5 bn loan to Pakistan to boost its forex reserves
Beijing: China has again rushed to bail out Pakistan by providing USD 2.5 billion in assistance to prop up the fast-depleting foreign exchange reserves of its cash-strapped all-weather ally, months after it…
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US President announces USD 20 million additional assistance for SL
Colombo: US President Joe Biden on Tuesday announced an additional USD 20 million in assistance to feed over 800,000 children and 27,000 pregnant and lactating women over the next 15 months in…
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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…
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Sri Lanka hikes fuel prices as filling stations go dry
Colombo: Crisis-hit Sri Lanka has hiked petrol price by LKR 50 and diesel by LKR 60 respectively, the third price revision in over two months, as the country continues to reel under the…
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Sri Lanka reduces amount of holding foreign currency
Colombo: The Central Bank of Sri Lanka on Saturday announced that the amount of foreign currency an individual can hold has been reduced from $15,000 to $10,000. The central bank said the…
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Top US delegation to visit Sri Lanka to help avert crisis
Colombo: In an effort to help avert the ongoing economic crisis in Sri Lanka, a top delegation from the US comprising officials from the Departments of State and Treasury will embark on…
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Jaishankar meets counterparts from Lanka, Bangladesh, Canada, Tanzania, Rwanda
Kigali: External Affairs Minister S Jaishankar on Thursday met his counterparts from Sri Lanka, Bangladesh, Canada, Tanzania and Rwanda on the sidelines of the Commonwealth summit beginning here on Friday. Jaishankar arrived…
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Sri Lanka’s economy has ‘completely collapsed’: Wickremesinghe
Colombo: Sri Lanka’s economy has “completely collapsed” and it is facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food, Prime Minister Ranil Wickremesinghe warned on…
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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…
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Protesters Sri Lankan President’s resignation; block entrance of secretariat
Colombo: A group of protesters in Sri Lanka demanding the resignation of President Gotabaya Rajapksa for the mismanagement of the economy blocked all entrances of the presidential secretariat here, forcing the police…
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Sri Lanka: Former cricketer serves tea, buns to people waiting at fuel stations
Colombo: Amid the unprecedented fuel crisis in the country, former Lankan cricketer Roshan Mahanama was spotted serving tea and buns to people waiting in lines outside the stores to buy fuel and…
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Sri Lanka announces shut-down of govt offices, schools amid fuel crisis
Colombo: Crisis-hit Sri Lankan government has announced a shut-down of public sector offices from next week, beginning Monday, due to severe fuel shortages as the island nation continues to reel under its…