Page 28 - Sri Lanka

Sri Lanka govt needs to do more before a bailout package is finalised: IMF

The IMF on Thursday said it has concluded constructive and productive discussions with Sri Lankan authorities, but warned that the crisis-ridden island nation needs to do more on debt restructuring

Bad weather delays 2nd day of Sri Lanka vs Australia test at Galle stadium

Heavy wind and rain has delayed the start of play on the second day of the first cricket test between Sri Lanka and Australia at Galle International Stadium on Thursday

Sri Lankan crisis: President Gotabaya to visit UAE to procure fuel

The Sri Lankan government says it has formulated a comprehensive mechanism to ensure continuous fuel supply after July 10

Lanka IOC provides fuel as government pumps go dry in island nation

A LIOC spokesperson said they issued petrol to private vehicle owners on Tuesday but had to limit the issues due to the demand

Sri Lanka: Postal services limited to three days-a week amid fuel crisis

The services by the main and sub-offices will be available on Tuesday, Wednesday, and Thursday, Daily Mirror Online reported

Crisis-hit Sri Lanka's economy shrinks 1.6% in the March quarter

The contraction likely marks the beginning of a painful and long recession for the country

Sri Lankan cabinet permits companies to import fuel as crisis worsens

The country ran out of fuel as only 1,100 tonnes of petrol and 7,500 tonnes of diesel are left, which are not sufficient to last for a day.

Sri Lanka stops fuel supply to non-essential services as crisis worsens

Fuel stocks set to run out in days without curbs; supplies only to essentials from Tuesday untl July 10; regulator hopes to keep power cuts at 3-4 hrs every day for 2 months

Lanka raises fuel prices by 15%; to enlist foreign firms to ease shortages

The announcement came a day after Energy Minister Kan­chana Wijesekera said there would be an indefinite delay in getting new shipments of oil

Sri Lanka introduces fuel rationing for pvt vehicles amid severe shortage

The public was requested to register their mobile numbers at their nearest filling stations and once their numbers were issued, they would be notified

India pushes for projects in Sri Lanka instead of more credit lines: Report

Instead of offering more credit lines, India is pushing for quicker implementation of its projects in Sri Lanka, a media report said

Crisis struck-Sri Lanka hikes fuel prices as filling stations go dry

Sri Lanka has hiked petrol price by LKR 50 and diesel by LKR 60 respectively, the third price revision in over two months, as the country continues to reel under the worst economic crisis in decades

Top US delegation to visit Sri Lanka to help island nation avert crisis

In an effort to help avert the ongoing economic crisis in Sri Lanka, a top delegation from the US comprising officials from the Departments of State and Treasury will embark on a three-day visit

Sri Lanka limits forex possession by citizens to support dwindling reserves

Sri Lanka is facing a severe forex crisis which forced the island nation to declare a default of its international debt, becoming the first Asia-Pacific country in decades to default on foreign debt

FS Kwatra discusses Lanka situation with Prez Rajapaksa, PM Wickremesinghe

Sri Lanka is facing the worst economic crisis since independence in 1948 which has led to an acute shortage of essential items like food, medicine, cooking gas and fuel across the island nation

Stabilise Sri Lanka

The world, including India, must step up

Foreign secy meets Sri Lankan President, PM to discuss economic crisis

A four-member Indian delegation led by Foreign Secretary Vinay Kwatra met Sri Lankan President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe on Thursday to assess the bilateral assistance

Sri Lanka sued by US bondholder after island nation's historic default

Sri Lanka, an island nation off the southern tip of India, fell into default in May after the expiry of a 30-day grace period for missed interest payments on two of its sovereign bonds

Top Headlines: TDS levy on cryptos, GST rate of 200 items, and more

From TDS levy on cryptocurrencies to GST rate of over 200 items staying the same, here are the top headlines on Thursday morning

Australia donates $15 mn to UN's emergency food fund for Sri Lanka

The Australian funding will help WFP provide critical assistance to the most at-risk Sri Lankans, including pregnant and breastfeeding women and school children