Cash-strapped Sri Lanka announces weekly fuel quotas
Crisis-hit Sri Lanka announced weekly fuel quotas for motorists on Sunday, as an acute shortage worsened and longer queues formedContinue Reading
Tag: Economy
The AP Interview: Sri Lanka PM says he’s open to Russian oil
COLOMBO, Sri Lanka (AP) — Sri Lanka may be compelled to buy more oil from Russia as the island nationContinue Reading
Pakistan adopts painful economic path to secure IMF bailout
* Pakistan faces balance of payments crisis * Government sharply lowers fiscal deficit target to 4.9% of GDP * StepsContinue Reading
Sri Lanka risks full-blown humanitarian emergency, UN agency says
GENEVA, June 10 (Reuters) – Sri Lanka is at risk of tipping into a full-blown humanitarian crisis as the country’sContinue Reading
Sri Lanka business tycoon Dhammika Perera to replace President’s brother in parliament
COLOMBO (Reuters) – One of Sri Lanka’s richest businessmen will replace the president’s brother in parliament, a ruling party officialContinue Reading
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
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
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