Sri Lankan PM agrees to quit in biggest political turmoil
COLOMBO, Sri Lanka (AP) — Sri Lanka’s Prime Minister Ranil Wickremesinghe has agreed to resign after party leaders in ParliamentContinue Reading
Tag: Economy
Sri Lanka hikes interest rates, warns trouble ahead
Cash-strapped Sri Lanka raised interest rates one percentage point Friday, the second sharp hike in three months, as the centralContinue Reading
Sri Lanka president asks Russia’s Vladimir Putin to help import fuel
COLOMBO (Reuters) — Sri Lanka’s president on Wednesday said he urged Russian leader Vladimir Putin to help his cash-strapped island nation import fuelContinue Reading
Sri Lankans Return To Cooking With Firewood As Economy Burns
As once relatively wealthy Sri Lanka suffers a dire economic crisis with shortages of everything from medicines to gas, peopleContinue Reading
UK Finance Minister Rishi Sunak resigns, says the government should be run ‘properly, competently and seriously’; Health Secretary also resigns
LONDON — British Chancellor Rishi Sunak resigned Tuesday, saying the government should be run “properly, competently and seriously.” “I recogniseContinue Reading
Sri Lanka PM says talks with IMF difficult due to bankruptcy
COLOMBO, Sri Lanka – Sri Lanka’s negotiations with the International Monetary Fund are more complex and difficult than in the pastContinue Reading
Lanka grinds to a halt as fuel reserves shrink
(AFP)-Sri Lanka has less than a day’s worth of fuel left, the energy minister said on Sunday, with public transportContinue Reading
Galloping inflation forces Sri Lankan households to cut back on meals
COLOMBO, July 1 (Reuters) – With an out of work husband, housewife Sujeewa Nelum Perera is all too familiar withContinue Reading
Bankrupt Sri Lanka’s inflation jumps beyond 50%
Sri Lanka’s inflation hit a ninth consecutive record in June, official data showed Friday, rising to 54.6 percent a dayContinue Reading
IMF says Sri Lanka is on track for an agreement with it
COLOMBO, June 30 (Reuters) – The International Monetary Fund had constructive and productive discussions with the Sri Lankan authorities onContinue Reading
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