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
Tag: World News
Sri Lanka sacks energy minister a day after publicly criticizing the government’s monetary policy as economic crisis deepens
Sri Lanka’s president sacked his energy minister on Thursday as fuel shortages left the near-bankrupt island facing its worst blackoutsContinue Reading
Sri Lanka runs out of fuel as dollar crisis worsens; President says no more power cuts after March 5
(AFP/Reuters)-Sri Lanka’s public transport was crippled Wednesday as buses ran out of diesel, officials said as the country’s foreign exchangeContinue Reading
Sri Lanka imposes longest power cuts in 26 years
(AFP)-Sri Lanka on Tuesday announced nationwide seven-and-a-half hour daily power cuts, the longest in more than a quarter of aContinue Reading
Shell pulls out of energy investments in Russia over war
LONDON (AP) — Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’sContinue Reading
EU, UK, Canada, US pledge to remove selected Russian banks from interbank messaging system SWIFT
KEY POINTS The U.S., European allies and Canada agreed to disconnect specific Russian banks from the Society for Worldwide InterbankContinue Reading
Analysis-Shocks and missteps: how Sri Lanka’s economy ended in crisis
COLOMBO (Reuters) – In late November 2019, after winning Sri Lanka’s presidential election and months ahead of a parliamentary ballotContinue Reading
Russian forces invade Ukraine after Putin orders attack
Summary– Putin authorises military operation in east Explosions heard in Kyiv and across Ukraine Kyiv declares state of emergency, callsContinue Reading
Sri Lanka shares slump amid nationwide powercuts, worsening economic crisis
Feb 23 (Reuters) – Sri Lankan shares plunged nearly 7% on Wednesday as fuel shortage-induced countrywide power outages spooked investorsContinue Reading
Sri Lanka pays $35 million for 40,000 T diesel shipment while imposing rolling power cuts
COLOMBO – Sri Lanka has paid $35.3 million for a 40,000 tonne diesel shipment, an energy ministry official said onContinue Reading
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