Protests hit Sri Lanka’s capital amid severe economic crisis
COLOMBO, Sri Lanka (AP) — Anti-government protests roiled Sri Lanka’s capital on Tuesday amid demands that President Gotabaya Rajapaksa resign,Continue Reading
Tag: Economy
Sri Lanka says will begin official talks with IMF next month
COLOMBO (Reuters)— Sri Lanka will start official talks with the International Monetary Fund (IMF) next month, a cabinet spokesman saidContinue Reading
Sri Lanka finance minister meets top IMF official amid economic crisis
COLOMBO (Reuters) – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, twoContinue Reading
Sri Lanka’s opposition says government lost its legitimacy, claims it mishandled the debt crisis
KEY POINTS The Sri Lankan government has lost its “legitimacy” for the way it handled the country’s debt crisis andContinue Reading
Sri Lanka’s Rupee Devaluation, Import Restrictions May Boost Inflation -analysts
(Reuters)- Sri Lanka’s sudden devaluation of the local currency and imposition of import limits on hundreds of items is likelyContinue Reading
Sri Lanka currency falls sharply , exporters expecting a further fall in value
(AFP)-The Sri Lankan rupee fell sharply against the dollar Thursday, after the country’s central bank ordered a 15 percent depreciationContinue Reading
Hundreds of bakeries shut in Sri Lanka after cooking gas runs out
COLOMBO (Reuters) – Nearly 1,000 bakeries have closed in Sri Lanka due to a severe shortage of cooking gas, anContinue Reading
U.S. crude oil briefly tops $130 a barrel, a 13-year high on possible Western ban of Russian oil
U.S. crude oil surged more than 7% in Sunday evening trade as the market continued to react to supply disruptionsContinue Reading
Fertiliser ban decimates Sri Lankan crops as government popularity ebbs
AGBOPURA, Sri Lanka (Reuters) – W.M. Seneviratne sat watching a mechanised harvester slice through the jade green fields around himContinue Reading
IMF urges Sri Lanka to raise taxes, devalue currency
(AFP)-The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable”, and called for devaluationContinue Reading
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