Sri Lankans stand, sweat and seethe as economy grinds to a halt
Colombo (AFP) – As Sri Lankans faint in day-long queues for fuel and swelter through stifling evening blackouts by candlelight, angerContinue Reading
Category: Business Briefing
10-hour power cuts in Sri Lanka as crisis worsens
(AFP)- Sri Lanka on Wednesday began imposing record nationwide 10-hour daily power cuts as it ran out of hydro-electricity onContinue Reading
Sri Lanka papers run out of newsprint , suspends print editions as Economic crisis bites
(AFP)-Two major Sri Lanka newspapers are suspending their print editions because of a lack of paper, their owner said Friday,Continue Reading
Sri Lanka’s Opposition accuses government of misusing USD one billion loan facility extended by India
Colombo, Mar 22 (PTI) Sri Lanka’s Opposition party Samagi Jana Balawegaya (SJB or United People’s Force) on Tuesday accused PresidentContinue Reading
Sri Lankan inflation hits 17.5 % for February -a record high since 2015
COLOMBO, March 21 (Xinhua) — Sri Lanka’s Department of Census and Statistics announced Monday that the overall rate of inflationContinue Reading
India extends $1 billion line of credit to Sri Lanka to to import food, medicines and other essential items
India on Thursday extended a $1-billion short-term concessional loan to Sri Lanka to help the island nation cope with oneContinue Reading
Protests hit Sri Lanka’s capital amid severe economic crisis
COLOMBO, Sri Lanka (AP) — Anti-government protests roiled Sri Lanka’s capital on Tuesday amid demands that President Gotabaya Rajapaksa resign,Continue Reading
Sri Lanka says will begin official talks with IMF next month
COLOMBO (Reuters)— Sri Lanka will start official talks with the International Monetary Fund (IMF) next month, a cabinet spokesman saidContinue Reading
Sri Lanka finance minister meets top IMF official amid economic crisis
COLOMBO (Reuters) – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, twoContinue Reading
Sri Lanka’s opposition says government lost its legitimacy, claims it mishandled the debt crisis
KEY POINTS The Sri Lankan government has lost its “legitimacy” for the way it handled the country’s debt crisis andContinue Reading
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