Bankrupt Sri Lanka seeks discounted Russian, Qatar oil
COLOMBO- Cash-strapped Sri Lanka on Sunday (Jun 26) announced sending ministers to Russia and Qatar to try and secure cheap oil a dayContinue Reading
Tag: Economy
Sri Lanka hikes fuel prices as US delegation arrives
Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrivedContinue Reading
A world apart, Lebanon and Sri Lanka share economic collapse bedeviled by-corruption, patronage, nepotism and incompetence.
BEIRUT (AP) — Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoilContinue Reading
India to support crisis-hit Sri Lanka’s economic recovery; signals willingness to go beyond $4 billion in loans already provided
COLOMBO, June 23 (Reuters) – India’s top diplomat held talks with Sri Lanka’s president and prime minister on Thursday asContinue Reading
Sri Lanka bets on casino magnate to revive wrecked economy
Sri Lankan casino magnate Dhammika Perera entered parliament on Wednesday with a mandate to revive the bankrupt island nation’s wreckedContinue Reading
Sri Lanka’s crisis cripples once burgeoning middle class
COLOMBO, Sri Lanka (AP) — Miraj Madushanka never thought he’d need government rations to ensure his family could eat twoContinue Reading
Sri Lanka May Consumer Prices Soar 45.3% Y/y, Highest Since 2015
Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and transport costs, asContinue Reading
IMF delegation visits crisis-hit Sri Lanka with time running out
COLOMBO/LONDON, June 20 (Reuters) – An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks onContinue Reading
7 Sri Lankans land on Indian coast seeking refuge; 83 others have came since March
Two Sri Lankan families, consisting of seven members, arrived on the Indian coast seeking to be granted the status ofContinue Reading
Sri Lanka left with fuel stocks for around five days, minister says
COLOMBO, June 16 (Reuters) – Sri Lanka’s fuel stocks will last for about five more days, its power and energyContinue Reading
