Sri Lanka Hikes Rates by 100 Basis Points to Tame Prices

Colombo July 7 2022: Sri Lanka’s central bank raised borrowing costs in a bid to rein in record prices that ...

Sri Lanka is ‘bankrupt,’ Prime Minister says

July 6, 2022

Colombo July 6 2022: Sri Lanka is "bankrupt," Prime Minister Ranil Wickremesinghe said Tuesday, as the country suffers its worst ...

India to Supply Fuel to Sri Lanka Only After Advance Payment

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July 5, 2022

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Colombo July 5 2022: India is seeking payment in advance for supply of fuel to Sri Lanka after credit lines ...

Sri Lanka Offers Fuel Quotas to Firms That Can Pay in Dollars

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July 4, 2022

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Colombo July 4 2022: Bankrupt Sri Lanka is offering a guaranteed fuel quota to any company that can pay in ...

A man waits in a queue to buy petrol due to fuel shortage, amid the country's economic crisis, in Colombo, Sri Lanka

Crisis-hit Sri Lanka shuts schools, urges work from home to save fuel

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June 27, 2022

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Colombo June 27 2022: Troops in Sri Lanka handed tokens on Monday to people queueing for petrol amid a severe ...

Ranil Wickremesinghe, Sri Lanka's prime minister and finance minister, during an interview in Colombo, Sri Lanka

Sri Lanka’s Economy Has ‘Collapsed,’ Prime Minister Says

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June 22, 2022

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Colombo June 22 2022: Sri Lanka’s economy has “completely collapsed” and an agreement with the International Monetary Fund is the ...

Crisis-hit Sri Lanka plans donor conference with China, India and Japan

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June 22, 2022

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Colombo June 22 2022: Sri Lanka will hold a donor conference with China, India and Japan as it seeks overseas ...

Sri Lanka fell into default in May for the first time in its history since independence

Sri Lanka Sued by Bondholder in US Following Historic Default

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June 22, 2022

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New York June 22 2022: Sri Lanka was sued in the US by a bondholder after the South Asian nation ...

Sri Lanka Cabinet Approves Constitutional Reform to Limit President Powers

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June 21, 2022

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Colombo June 21 2022: Sri Lanka’s cabinet has approved constitutional reforms aimed at clipping the powers of the presidency amid ...

IMF delegation arrives in crisis-hit Sri Lanka as fuel runs out

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June 20, 2022

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Colombo June 20 2022: An International Monetary Fund (IMF) team began bailout talks in Sri Lanka on Monday, with police ...

Tag: Srilanka