Sri Lanka President declares state of emergency for the second time in five weeks after protests
Sri Lanka President Gotabaya Rajapaksa Friday declared a state of emergency giving security forces sweeping powers for the second timeContinue Reading
Tag: Economy
Bangladesh donates emergency medicine worth TK 200m (2.3m $) to crisis-hit Sri Lanka
Bangladesh has donated emergency medicine worth TK 200 million to crisis-hit Sri Lanka. In this regard, a programme was held onContinue Reading
Sri Lanka government wins Parliament vote amid protests; police tear gas student protesters outside parliament
Sri Lanka’s beleaguered government won a key vote in Parliament on Thursday as a ruling coalition-backed candidate was elected deputyContinue Reading
Rising interest rates in US will hinder foreign economies including Sri Lanka
WASHINGTON (AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stopContinue Reading
Sri Lanka foreign reserves at record low, politics in crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s economy is in dire straits with its usable foreign reserves down to lessContinue Reading
Sri Lanka crisis will last at least two more years: govt
Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country’s finance ministerContinue Reading
Sri Lanka tea exports lowest in 23 years
Crisis-struck Sri Lanka’s vital tea exports have dropped to their lowest level in 23 years, official figures showed Wednesday, hitContinue Reading
‘No harvest’: Sri Lanka’s ruling Rajapaksa clan sees support from farmers wilt
Farmers were once big supporters of the Rajapaksas, but a bungled fertiliser ban withered their crops along with their backingContinue Reading
SL central bank predicts 1% GDP growth for 2022, per capita GDP decline to $3,041
Colombo, May 1 (IANS) Sri Lanka’s real gross domestic product (GDP) growth for 2022 is projected at 1 per centContinue Reading
Crisis-hit Sri Lanka hikes medicine prices
Cash-strapped Sri Lanka announced a 40 percent price hike for dozens of commonly used medicines on Saturday as the islandContinue Reading
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