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
Tag: Economy
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
Crisis-hit Sri Lanka says IMF bailout three months away
An International Monetary Fund bailout package for crisis-hit Sri Lanka could take up to three months to arrive, the country’sContinue Reading
Analysis-Complex web of creditors, politics threatens Sri Lanka restructuring
LONDON (Reuters) – Social unrest, political uncertainty and a complex web of creditors could scupper Sri Lanka’s push for aContinue Reading
Workers strike to pressure Sri Lankan president to step down
COLOMBO, Sri Lanka (AP) — Businesses were closed, teachers absent and public transportation interrupted in the Sri Lankan capital ThursdayContinue Reading
Sri Lankan military Veterans Protest Against President Who Led Them During War
Missing both legs and an arm, former special forces soldier Thushara Kumara is an unlikely critic of Gotabaya Rajapaksa, aContinue Reading
Food, fuel price shocks from Ukraine war to last at least 3 years, World Bank says
LONDON (Reuters) – Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until atContinue Reading
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