Page 20 - Sri Lanka

China's debt trap diplomacy responsible for economic calamity in Sri Lanka

China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation

NIA raids 22 places in Tamil Nadu amid drugs, arms smuggling from Sri Lanka

NIA on Wednesday conducted searches at 22 locations of Tamil Nadu in connection with operations of narco mafia of Sri Lanka operating in collusion with Pakistan-based drug and gun runner

Shoot-on-sight orders in Sri Lanka as Ranil elected President by Parliament

Nation in a very difficult situation and there are big challenges ahead, says Wickremesinghe as protesters gather outside Presidential Secretariat

Pakistan's win over Lanka in Galle Test causes reshuffle in WTC standings

Pakistan's remarkable victory over Sri Lanka in the first Test in Galle on Wednesday caused a major reshuffle within the top five on the World Test Championship standings.

Sri Lankan lawmakers elect Ranil Wickremesinghe as new president

Acting President Wickremesinghe was elected as Sri Lanka's new President by Parliament, following a high-voltage political drama which saw his predecessor Gotabaya Rajapaksa fleeing the country

IMF chief hopes to complete Sri Lanka aid talks 'as quickly as possible'

The IMF hopes to complete the negotiations with Sri Lanka on a bailout package "as quickly as possible" and the "moment there is a government" in the country, its Managing Director Kristalina Georgieva said on Wednesday, hours after the crisis-hit island nation elected a new president. Sri Lanka has been gripped by severe shortages of fuel, food and other essentials after its foreign reserves dried up. Citizens have turned their anger on the government and forced once-powerful President Gotabaya Rajapaksa to resign last week. On Wednesday, the Sri Lankan Parliament elected Acting President Ranil Wickremesinghe as his replacement. "IMF hopes to complete negotiations with Sri Lanka "as quickly as possible, & the moment there is a govt we can continue our discussions & our team will be there," Georgieva said, Hiru News reported. Wickremesinghe in his previous capacity as prime minister and finance minister has been involved in the negotiations with the Washington-based ...

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Voting to elect Sri Lanka's new president in three-cornered contest begins

Sri Lankan Parliament began voting to elect the successor to Gotabaya Rajapaksa in a three-way presidential contest, following a high-voltage political drama

There's fear of Sri Lanka crisis spillover, says EAM S Jaishankar

To help island nation engage with IMF, other debtors, says Jaishankar after all-party meet

Major crisis in SL, naturally worry about spillover: EAM at all-party meet

"It is a matter which pertains to a very close neighbour and given the near proximity, we naturally worry about the consequences, the spillover it has for us," he added.

A first in 44 years: Lankan Parliament to directly elect President

Wickremesinghe, Alahapperuma and leftist Janatha Vimukthi Peramuna (JVP) leader Anura Kumara Dissanayake were proposed by lawmakers on Tuesday as the three candidates

Rupee at 80: How have other currencies performed in the last six months

The Sri Lankan rupee has fallen over 66 per cent against the rupee in the last six months. It was trading at 2.7 per INR on January 19 and has fallen to 4.5 on July 19

India to invest more in Sri Lanka after crisis support of $3.8 bn: Report

India is willing to make more investments in neighbouring Sri Lanka after supporting it with $3.8 billion this year, New Delhi's envoy in Colombo told the Indian Express newspaper

Security beefed up around Sri Lankan Parliament ahead of Prez election

The security has been beefed up in and around Sri Lanka's Parliament complex on Tuesday after the Speaker lodged a complaint with the Inspector General of Police calling for a detailed investigation

Centre to hold all-party meeting over Sri Lanka's economic crisis today

The Centre has convened an all-party meeting on Tuesday to discuss the ongoing crisis in Sri Lanka

Lanka-IMF talks almost complete, says acting President Ranil Wickremesinghe

'The negotiations with the IMF were nearing conclusion, and discussions for assistance with foreign countries were also progressing

Wickremesinghe suggests 'all-party govt' to recover from economic crisis

Acting President Ranil Wickremesinghe urged the political parties to put aside their differences and form an all-party government which would allow Sri Lanka to recover from the economic crisis

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Ranil Wickremesinghe declares emergency in Sri Lanka ahead of election

Sri Lanka's acting president Ranil Wickremesinghe on Monday declared a state of emergency in the country with immediate effect, ahead of the July 20 election

Muted protests on Gotabaya Rajapaksa's entry into Singapore amid SL crisis

Muted protests were organized by a handful of Singaporeans as ousted Sri Lankan president Gotabaya Rajapaksa arrived here last Thursday, leaving behind a economically-shattered country