Page 37 - Sri Lanka

Sri Lanka's shattered economy awaits new finance head and rate hike

Prime Minister Ranil Wickremesinghe, appointed last week, is expected to soon choose a finance minister, who will help lead talks with the International Monetary Fund over badly needed aid

Embattled Lankan President Gotabaya Rajapaksa defeats no-confidence motion

Embattled Sri Lankan President Gotabaya Rajapaksa-led government won two important victories in Parliament on Tuesday when its candidate for the slot of Deputy Speaker got elected

Petrol in India cheaper than UK, Germany but costlier than US, China, Pak

Petrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan & Sri Lanka, a BOB Economics Research report showed

Lankan Parliament defeats no-trust motion against President Gotabaya

The motion by Opposition Tamil National Alliance to suspend Parliament's standing orders in order to debate an expression of displeasure over Gotabaya was defeated with 119 MPs voting against it

Sri Lanka's new PM to sell national airline, print money to pay salaries

Wickremesinghe -- less than a week into the job -- said he was forced to print money to pay salaries, which will pressure the nation's currency

A day's petrol left, power cuts may last 15 hours: Lanka PM Wickremesinghe

Says he aims to save country, not a person or family; curfew till 5 am today

Sri Lanka state carrier likely to be privatised: New PM Wickremesinghe

Sri Lanka's new PM Ranil Wickremesinghe said he proposed to privatise the national carrier SriLankan Airlnes as part of his plan to help tackle the debt-ridden country's crippling economic crisis

Sri Lanka down to last day of petrol stock: PM tells crisis-hit nation

On Monday, Ranil Wickremesinghe called for patience, saying the economic crisis would get worse in coming months

My aim is to save Sri Lanka, not a 'person or family': PM Wickremesinghe

US dollars will be sourced from open markets to pay for petrol and crude, says veteran politician.

Sri Lanka Opposition says it will offer conditional support to new PM

As a responsible political party, Samagi Jana Balawegaya believes saving the country from the current crisis is of the utmost importance, the SJB said in a statement

Sri Lanka to impose 9-hour curfew from 8 pm today amid raging violence

Sri Lankan government will impose a curfew from 8 pm on Monday till 5 am Tuesday, local media reported on Monday.

Crisis-hit Sri Lanka stumbles toward its first default on foreign debt

The island nation could be formally declared in default if it fails to make an interest payment to bondholders before Wednesday, when the 30-day grace period for missed coupons on dollar bonds ends

Sri Lanka: Failing economy forces auto drivers to sell flags at Galle Face

Faced with economic hardship, Colombo-based taxi and auto drivers are now forced to sell the national flag at the protest site Galle Face for their livelihood

Lankan PM hold talks with World Bank, ADB as India delivers diesel shipment

Sri Lanka's Prime Minister Ranil Wickremesinghe held discussions with representatives of the World Bank and the Asian Development Bank on the current economic crisis in the country,

A turning tide for ICTT following the political turmoil in Sri Lanka

The transshipment port at Kochi sees opportunity in the Sri Lankan crisis to attract more cargo from Colombo

India delivers over 400,000 metric tonnes of fuel to Sri Lanka amid crisis

Amid the worst economic crisis in Sri Lanka, India took another initiative to extend support and supplied 12 shipments and over 400,000 Metric Tones (MT) of fuel to the island nation.The High Commission of India in Sri Lanka took to its Twitter handle to make the announcement of the consignment."12 shipments and more than 400,000 MT of fuel!! Latest consignment of #Diesel from #India under the credit line for fuel was delivered in #Colombo by Torm Helvig today," the High Commission of India in Colombo tweeted.Earlier, on Thursday, India extended its support by supplying 65,000 metric tons of urea to the island nation.The Sri Lankan High Commissioner to India, Milinda Moragoda, held a meeting with the Secretary in the Department of Fertilizers of India Rajesh Kumar Chaturvedi where the issue was discussed, reported Daily Mirror."High Commissioner Milinda Moragoda met with the Secretary to the Department of Fertilizers of India Rajesh Kumar Chaturvedi and thanked him for India's ...

Sri Lanka protests seeking political change should continue, says new PM

The Prime Minister said the 'Gota Go Gama' protest should be continued to bring a change in the political system in the country and let the country's youth take the responsibility to lead

Gotabaya urges lawmakers to work together to solve Lankan 'dire straits'

In his remarks on the occasion of Vesak Poya Day, the President said: "We must be mindful of the current situation and unite around a programme that can deliver a fair determination to all"

Pakistan will go ahead with tour of crisis-hit Sri Lanka, says PCB

The Pakistan Cricket Board has assured its Sri Lankan counterparts that it had no hesitation touring the country for a two-Test series in late July-August, despite the ongoing unrest in the country

Protests intensify in Sri Lanka amid acute shortage of LPG cylinders

Amidst the ongoing economic catastrophe in Sri Lanka, the inaccessibility to LPG cylinders for over a month has resulted in locals' protest outside Slave Island PS in Colombo on Saturday.