Brothers at odds, but ruling family still holds key to Sri Lanka’s future
Summary Rajapaksa family weakened by economic crisis, protests Mahinda, once revered but now hated, stepped down as PM Gotabaya, hisContinue Reading
Author: MDWLive.net
World Bank slashes global growth forecast to 2.9%, warns of 1970s-style stagflation
KEY POINTS The World Bank slashed its global growth forecast on Tuesday to 2.9% for 2022. The Bank warned thatContinue Reading
Sri Lanka forex reserves rise first time in five months
Sri Lanka’s foreign exchange pile rose for the first time in five months, likely due to deferment of payments toContinue Reading
Mohamed Uvais is CPC’s new chairman -assumes duties today
Mohamed Uvais Mohamed who was appointed as new Chairman of the Ceylon Petroleum Corporation assumed duties today. He was theContinue Reading
China Shifting Focus to Southeast Asia, Sri Lanka President Says
(Bloomberg) — China appears to be shifting its strategic focus toward Southeast Asia and Africa, Sri Lanka’s President Gotabaya RajapaksaContinue Reading
Sri Lanka will need $5 bln in next six months for essentials -prime minister
COLOMBO, June 7 (Reuters) – Sri Lanka’s cash-strapped government will need at least $5 billion in the next six monthsContinue Reading
Watch: UK’s Prime Minister Boris Johnson wins confidence vote
Boris Johnson has won a confidence vote by Tory MPs 211 to 148. It means he will stay in hisContinue Reading
‘I can’t go as a failed president’- Sri Lanka President vows to finish term, won’t run for re-election
Bloomberg- President Gotabaya Rajapaksa vowed to finish the remaining two years in his term despite monthslong street protests calling forContinue Reading
Minister Prasanna Ranatunga sentenced to two years rigorous imprisonment
Colombo, June 6 – Minister Prasanna Ranatunga has been sentenced to two years rigorous imprisonment suspended for a period ofContinue Reading
Sri Lanka holds its breath as new P.M fights to save economy
COLOMBO, Sri Lanka (AP) — It has been nearly three weeks since Ranil Wickremesinghe took over as prime minister of Sri LankaContinue Reading
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