Page 27 - Sri Lanka

Massive crowd to march to Colombo demanding Sri Lankan Prez, govt to resign

Sri Lanka is in a virtual lockdown with government offices barely functioning with limited staff and schools completely closed with no transport for children and teachers

Sri Lanka's economic crisis should be warning to us all, says UNDP

The warning came as new data from the UN Food and Agriculture Organization (FAO) indicated that the number of people affected by hunger globally rose to 828 million in 2021

Why a historic cascade of defaults is coming for developing countries

Sri Lanka was the first nation to stop paying its foreign bondholders this year, burdened by unwieldy food and fuel costs that stoked protests and political chaos

Sri Lanka increases key interest rates to 21-year high to fight inflation

In an effort to fight inflation due to the ongoing economic crisis, the Monetary Board of the Central Bank of Sri Lanka's decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 14.50 per cent and 15.50 per cent, respectively.

UK, New Zealand asks citizens to avoid non-essential travel to Sri Lanka

The United Kingdom and New Zealand have joined a growing list of countries that has asked its citizens to avoid non-essential travel to Sri Lanka

Over 6 mn Sri Lankans face food insecurity due to record inflation: UN body

Some 6.26 million Sri Lankans, or three in 10 households, are unsure of where their next meal is coming from, according to the latest food insecurity assessment from the World Food Programme (WFP)

SL President dials Putin; explores options for buying oil, bolstering ties

During their conversation, Rajapaksa also urged Putin to restart the services of the Russian flag carrier Aeroflot to the country.

Credit lines exhausted, India asks Sri Lanka to pay for fuel in advance

Sri Lanka, which has depleted its foreign exchange reserves, was hoping for a fresh approval from India of a $500 million credit line for fuel purchases

Sri Lanka admits bankruptcy, crisis to drag through 2023: Wickremesinghe

Aims to stop printing money as inflation nears 60%; to organise donor conference of friendly nations

Indian influence in South Asia declines as China expands foothold

China's exports to the region grew over five times between 2005 and 2020

SL to present debt restructuring plan to IMF by August: PM Wickremesinghe

Sri Lanka will present a debt restructuring programme to the IMF by August to secure a bailout package, Prime Minister Ranil Wickremesinghe told Parliament on Tuesday

Sri Lanka to present debt restructuring programme to IMF by August: PM

Sri Lanka will present a debt restructuring programme to the IMF by August to secure a bailout package, Prime Minister Ranil Wickremesinghe told Parliament

Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

Plans to allow foreign firms to distribute fuel & let marine bunker operators sell diesel

Sri Lanka announces holiday week, shuts schools amid fuel crisis

Amid the unprecedented fuel crisis, the Sri Lankan Education Ministry declared the next week, starting from July 4, a holiday week for all the govt and state-approved private schools

Sri Lanka needs to pay $587 mn for planned fuel imports, says minister

Sri Lanka needs to pay USD 587 million to several foreign oil companies for planned fuel imports until mid-August, said Sri Lankan Minister of Power and Energy Kanchana Wijesekera on Sunday."Sri Lanka has to make the payments of USD 587 million to several foreign oil companies from Monday for different shipments of fuel," Wijesekera said.As of now, the state-owned fuel importer and distributor Ceylon Petroleum Corporation is left with 12,774 metric tons of diesel, 1,414 metric tons of 92 octane petrol, 2,647 metric tons of 95 octane petrol, 233 metric tons of super diesel, 500 metric tons of jet fuel and 29,000 metric tons of furnace oil in its stock, Xinhua reported.Notably, three ships containing petrol and diesel are expected to reach the country this month and another in August the Chairman of Lanka IOC, the subsidiary of Indian Oil Corporation, said on Saturday as it will give relief to the people facing fuel shortages.One ship is expected to arrive between July 13 and 15 and ...

Amid severe fuel crisis, Sri Lanka declares week-long holiday for schools

With no fuel for transportation, Sri Lanka on Sunday declared a week-long holiday for schools from Monday.

Sri Lanka to get two ships of fuel in July, one in August: Lanka IOC

A total of 11,000 MT of Diesel, 5,000 MT of Petrol, 30,000 MT of Furnace Oil, and 800 MT of Jet Fuel are currently available in the country

Sri Lanka provides 5-yr visas to Indian biz leaders to promote investment

Sri Lankan Minister Dhammika Perera handed 5-year visas to Indian business leaders in the island nation to promote investment in the country.Taking to Twitter, Indian High Commission in Sri Lanka said, "Hon'ble Minister @_dhammikaperera handing over 5-year visas to #Indian business leaders in #SriLanka!! This is a welcome step in enhancing ease of business and promoting investments in Sri Lanka."Earlier on Wednesday, the Indian High Commissioner Gopal Baglay met Sri Lanka's Trade Minister and discussed diverse facets of the trade."High Commissioner met Minister for Trade Hon'ble Nalin Fernando today. They discussed diverse facets of bilateral trade, such as increasing trade volume, creating platforms to facilitate business linkages between India and Sri Lanka," Indian Embassy in Sri Lanka tweeted.India always comes forward to help Sri Lanka during its economic crisis. India has sent assistance worth several billion US dollars to rescue the money-strapped Sri Lankan government ...

Japan to provide support to Sri Lanka for economic programme: Envoy Hideaki

Japanese Ambassador to Sri Lanka Mizukoshi Hideaki said that Japan is ready to support Sri Lanka for its economic programme with the IMF and for the development activities of the country

India made recommendation for Adani Green: Sri Lankan power board

Under the MoU signed with CEB, Adani Green is conducting a feasibility study for wind power projects, according to the report