Used cars turn to gold as Sri Lanka economy skids on the edge
(AFP)-Supermarket shelves are bare and restaurants can’t serve meals, but Sri Lanka’s economic crisis is a bonanza for used carContinue Reading
Category: Business
Crisis-hit Sri Lanka hikes interest rates in bid to tame inflation
(AFP)- Sri Lanka’s central bank hiked interest rates Thursday in a bid to tame rampant inflation and discourage consumer spendingContinue Reading
Sri Lankan born US Billionaire investor Chamath Palihapitiya triggers a backlash on social media after saying ‘nobody cares’ about Uyghur genocide in China
KEY POINTS Billionaire investor Chamath Palihapitiya said during a recent podcast episode that “nobody cares” about the ongoing human rightsContinue Reading
Explainer-Sri Lanka on the edge as debt burden mounts
COLOMBO (Reuters) – Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years,Continue Reading
Plastic waste in an open landfill is killing hungry elephants in Sri Lanka
(AP)- Conservationists and veterinarians are warning that plastic waste in an open landfill in eastern Sri Lanka is killing elephantsContinue Reading
Central bank chief says Sri Lanka will meet all debt repayments while rebuilding Forex reserves as country suffers another ratings downgrade.
COLOMBO -Sri Lanka’s government will meet all 2022 debt repayments and work on a more comprehensive plan to address dwindlingContinue Reading
Sri Lanka Seeks Chinese Debt Restructuring Amid Crisis
COLOMBO, Sri Lanka (AP/Reuters) — The president of debt-ridden Sri Lanka on Sunday asked China for the restructuring of itsContinue Reading
China foreign minister in Sri Lanka to discuss Belt and Road
COLOMBO, Sri Lanka (AP) — Chinese Foreign Minister Wang Yi was in Sri Lanka on Sunday seeking to advance China’sContinue Reading
Sri Lanka rations electricity as dollar crisis worsens
(AFP)- Sri Lanka imposed electricity rationing Friday with the main power utility unable to buy fuel oil for its powerContinue Reading
Sri Lanka leader sacks minister who criticized farm policy and rising food prices
COLOMBO, Sri Lanka (AP) — Sri Lankan President Gotabaya Rajapaksa sacked a government minister on Tuesday after he criticized aContinue Reading
