IMF to approve USD 2.9-bln bailout package for Sri Lanka: Central bank governor
Mar 20, 2023, at 12:18 am
Colombo: Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country's "dollar crisis" is over, as the International Monetary Fund (IMF) is set to approve a 2.9 billion U.S. dollar bailout package for the country on Monday.
Nov 05, 2022, at 10:20 pm
Colombo: Sri Lankan President Ranil Wickremesinghe praised Indians staying in Colombo and other parts of Sri Lanka known as Colombo Expats Cultural Association (CECA) for the contributions they made while the country was facing COVID-19 situation and the economic crisis.
USAID announces additional USD 20 million in humanitarian aid in Sri Lanka
Sep 12, 2022, at 06:23 pm
Washignton: United States Agency for International Development Administrator Samantha Power on Sunday announced an additional $20 million in humanitarian assistance to support Sri Lankans during the complex emergency that has resulted in a severe economic crisis leaving 5.7 million people in urgent need of food, agriculture, livelihood support, protection.
Sri Lanka Crisis: Anti-government protests continue after military crackdown
Jul 22, 2022, at 07:20 pm
Colombo: Two days after Ranil Wickremesinghe was sworn in as the 8th Executive President of Sri Lanka, 14 people including one woman were hospitalised on Friday when the security forces and police forcibly dispersed them from the protest area around the President's office.
Sri Lankan crisis highlights risk for Chinese firms investing overseas, feel experts
Jul 19, 2022, at 06:08 am
Beijing: Analysts have cautioned the current political turmoil in Sri Lanka is emerging as a warning sign for Chinese companies that are planning to invest in overseas markets.
Sri Lanka is warning sign for countries with high debt levels, says IMF Director
Jul 17, 2022, at 10:19 pm
Colombo: International Monetary Fund Managing Director Kristalina Georgieva has said Sri Lanka has become a warning sign for those countries with high debt levels and limited policy space.
Sri Lanka is warning sign for countries with high debt levels, says IMF Director
Jul 17, 2022, at 10:17 pm
Colombo: International Monetary Fund Managing Director Kristalina Georgieva has said Sri Lanka has become a warning sign for those countries with high debt levels and limited policy space.
Ensure peaceful and constitutional transfer of power in Sri Lanka, urges UN Resident Coordinator
Jul 16, 2022, at 08:05 pm
New York: The head of the UN Country Team in Sri Lanka has urged senior politicians to ensure a peaceful transfer of power in line with the national Constitution, following weeks of protests that finally saw the resignation of President Gotabaya Rajapaksa on Thursday.
Jul 13, 2022, at 07:57 pm
Colombo: Hours after President Gotabaya Rajapaksa fled to Maldives, Prime Minister Ranil Wickremesinghe ordered a curfew in the Western Province of Sri Lanka with immediate effect and ordered an emergency law island-wide, media reports said on Wednesday.
Sri Lanka: Ex-minister Basil Rajapaksa tried to escape, immigration officials foil his move
Jul 12, 2022, at 03:50 pm
Colombo: Sri Lanka's former finance minister Basil Rajapaksa, the youngest brother of President Gotabaya Rajapaksa, was prevented from leaving the country through the Silk Route Passenger Clearance Terminal amid protests by passengers.
Sri Lanka's fuel crisis goes from bad to worse amidst president's decision to quit
Jul 12, 2022, at 02:59 pm
Colombo: Fuel queues in Colombo, Sri Lanka's capital, and its suburbs have grown longer stretching as far as eight kilometres each.
Sri Lanka: Protesters claim to recover millions of rupees from prez Gotabaya Rajapaksa's house
Jul 11, 2022, at 12:43 am
Colombo: The protesters, who stormed inside Sri Lanka president Gotabaya Rajapaksa's official residence on Saturday, have claimed to recover millions of rupees hidden inside the mansion, according to a media report.
Sri Lanka Crisis: Thousands of protesters storm Prez House demanding Gotabaya Rajapaksa's ouster
Jul 09, 2022, at 08:59 pm
Colombo/UNI: Hundreds of thousands of protesters demanding the resignation of Sri Lankan President Gotabaya Rajapaksa stormed the President's House here on Saturday after overcoming stiff resistance put up by security forces, leaving an unspecified number of people injured.
Jul 09, 2022, at 08:27 pm
Colombo/UNI: Sri Lankan Prime Minister Ranil Wickremesinghe on Saturday called an emergency meeting of party leaders after thousands of protesters demanding the resignation of President Gotabaya Rajapaksa stormed the President's House here.
Sri Lanka begins talks with IMF and shutdown
Jun 20, 2022, at 11:27 pm
Colombo: Sri Lankan government has ordered the closure of the nation's schools and halted all non-essential government services on Monday, France24 reported.
Pakistan following Sri Lanka’s path to find itself in Chinese debt trap: Italian publication
Jun 19, 2022, at 01:13 am
Rome/Islamabad: An Italian publication has revealed that Pakistan, which has also been combating an economic crisis, is following the same path as Sri Lanka which will eventually lead the country to fall into the Chinese debt trap.
Sri Lanka: UN appeals for $47 million for life-saving aid to 1.7 million people
Jun 10, 2022, at 07:06 pm
New York: Sri Lanka is experiencing a multidimensional economic crisis, which is compounded by food insecurity, rising protection concerns and shortages threatening lives and livelihoods, the UN said on Thursday, appealing for $47.2 million to provide life-saving assistance.
Former Sri Lankan PM stopped from leaving country amid deteriorating economic crisis
May 12, 2022, at 11:26 pm
Colombo: Former Sri Lankan Prime Minister Mahinda Rajapaksa, his politician son Namal and 15 allies have been banned from leaving the country in connection with an investigation into acts of violence against anti-government demonstrators, a Sri Lankan court has ruled, media reports said.
Sri Lanka: President Gotabaya Rajapaksa to name new prime minister
May 12, 2022, at 06:02 pm
Colombo: Troubled Sri Lankan President Gotabaya Rajapaksa is likely to name a new prime minister on Thursday in a bid to steer the debt-ridden country out of grave economic crisis after days of violence, Khaleej Times reported.
Apr 19, 2022, at 11:27 pm
Colombo: Sri Lanka’s Federation of University Teachers’ Association (FUTA) has decided to participate in a day-long strike on Tuesday in support of the ongoing Galle Face protest which demanded the resignation of the President and the government, media reports said.
Sri Lanka Economic Crisis: Govt announces default on all $51 billion debt
Apr 12, 2022, at 11:27 pm
Colombo: Sri Lanka has run out of foreign exchange and its government on Tuesday announced that it will be defaulting on all its external debt $51 billion as a last resort to prevent further deterioration of its financial position.
'Gota Go Gama' stir site near SL House
Apr 11, 2022, at 09:08 pm
Colombo: People protesting against the Sri Lankan government over the acute shortage of essential commodities and the current economic crisis have renamed the agitation site near the presidential secretariat "Gota Go Gama".
Respect and protect basic human rights in Sri Lanka, UN experts urge
Apr 09, 2022, at 06:33 pm
New York: Following this week’s crackdown on non-violent demonstrations in Sri Lanka, independent UN human rights experts urged the government on Friday to “ensure that all human rights be respected and protected” and guarantee the fundamental rights of peaceful assembly and expression.
Indian businessman Sanjay Baid helps Sri Lanka as country fights severe economic crisis
Apr 09, 2022, at 04:01 pm
An Indian businessman is trying to help people in Sri Lanka, who are facing a severe economic crisis, under the company's Corporate Social Responsibility (CSR), media reports said.
Sri Lanka: Mishandling of economic crisis triggers alarm over rights violations
Apr 06, 2022, at 04:48 pm
New York: The UN human rights office (OHCHR) on Tuesday urged authorities in Sri Lanka to defuse tensions peacefully, after a state of emergency was declared in response to protests over the country’s deepening economic crisis.
Sri Lanka's finance minister quits one day after joining
Apr 06, 2022, at 03:21 am
Colombo: Amid a deepening economic crisis and growing public unrest, Sri Lanka's finance minister Ali Sabry has resigned a day after being sworn in.
Sri Lanka's worst economic crisis is accentuated by dependence on China
Apr 04, 2022, at 07:48 am
Sri Lanka is steadily plunging into a deep economic emergency but the unfolding crisis can act as an eye opener for those nations who are heavily depending on China's loans with the belief that the borrowing from the Asian giant can catapult them to prosperity.
Sri Lanka: Amid deepening economic crisis, Lankans escape to India for survival
Mar 24, 2022, at 03:52 am
As Sri Lanka grapples with acute shortages of energy and essential goods amid its worst economic crisis, the country's people are fleeing to neighboring India for survival.
Sri Lanka heads towards humanitarian crisis as economic woes mount
Jan 26, 2022, at 11:29 pm
The Covid-19 pandemic has left Sri Lanka in a deep economic crisis, pushing at least half a million people into poverty amid soaring inflation that has forced a large chunk of the population to cut down on food and fuel requirements.