Sri Lanka Hit by Power Cuts After Key Union Goes on Strike
COLOMBO (Reuters) – Swathes of Sri Lanka were hit by electricity cuts on Thursday after a power sector union wentContinue Reading
Tag: Economy
Sri Lanka power union announces strike, raising risk of blackouts
A power sector union in Sri Lanka said on Wednesday it will go on an indefinite strike from midnight inContinue Reading
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
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
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
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
Sri Lanka In Diplomatic Spat Over Confiscated Russian Plane
Sri Lanka’s main airport on Saturday denied the island nation’s government was behind a decision to detain an Aeroflot aircraft,Continue Reading
Sri Lanka Can’t Use $1.5 Billion China Swap on IMF Concerns
(Bloomberg) — Bankrupt Sri Lanka can’t tap a $1.5 billion credit line from China as the Chinese are concerned theContinue Reading
Sri Lanka seeks to secure $5 billion in funds for import payments
COLOMBO (Reuters) – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuelContinue Reading
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