Long fuel queues persist in Sri Lanka despite scramble to deliver supplies
COLOMBO (Reuters) – Long queues snaked around gas stations in Sri Lanka’s commercial capital and its outskirts on Monday evenContinue Reading
Tag: Economy
Inflation in crisis-hit Sri Lanka hits new record
Sri Lanka’s inflation hit a seventh consecutive record high in April as a petrol shortage worsened and food prices roseContinue Reading
Sri Lankan medicine shortage a death sentence for some, doctors say
COLOMBO (Reuters) – A shortage of medicine caused by an economic crisis in Sri Lanka could soon cause deaths, doctorsContinue Reading
‘We are going to die’: Food shortages add to Sri Lanka’s woes
COLOMBO (Reuters) – Sri Lanka’s prime minister has warned of a food shortage as the island nation battles a devastatingContinue Reading
Sri Lanka reduces amount of foreign currency people can hold; police clash with protesters
COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess toContinue Reading
Sri Lanka Enters Default for the first time in its history and Warns Inflation May Surge to 40%
(Bloomberg) — Sri Lanka fell into default for the first time in its history as the government struggles to haltContinue Reading
Sri Lankan ‘Gota Go Home’ protesters include Tamil victims in war memorial
COLOMBO, Sri Lanka (AP) — Sri Lankan protesters lit flames and offered prayers Wednesday remembering thousands — including ethnic TamilContinue Reading
Sri Lanka to default on debt today, no money for fuel, minister says
COLOMBO (Reuters) – Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-paymentContinue Reading
Sri Lanka’s embattled President escapes censure motion; Prime Minister Ranil slams Opposition leaders on the move
Sri Lanka’s beleaguered president side-stepped a censure motion on Tuesday after his fractured coalition rallied to delay a resolution blamingContinue Reading
Sri Lanka P.M. proposes privatizing national airline amid crisis; country’s financial health is so poor government forced to print money to pay salaries of government workers
COLOMBO, Sri Lanka (AP) — Sri Lanka’s new prime minister on Monday proposed privatizing the country’s loss-making national airline asContinue Reading
