Page 45 - Sri Lanka

India backs Sri Lanka for much-needed IMF bailout package

India's Finance Minister Nirmala Sitharaman has affirmed her Sri Lankan counterpart Ali Sabry that India will fully support the deliberations of the island nation with the IMF

1 dead, 12 injured in Sri Lanka as police open fire at anti-govt protesters

At least one person was killed and 12 others injured on Tuesday when police opened fire to disperse anti-government protestors in Sri Lanka's southwestern region of Rambukkana.

FM meets IMF chief; discusses impact of geopolitics on global growth

Congratulating India on its successful vaccination programme to control spread of Covid-19, Georgieva also appreciated New Delhi for extending relief to other vulnerable countries to fight pandemic

Sitharaman assures Lankan counterpart of all possible assistance from India

Union Finance Minister assured Sri Lanka that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to Sri Lanka: Ministry of Finance said on Twitter

Ex-Sri Lankan Chief Justice reproaches Colombo govt for its 'total failure'

A massive protest against the Sri Lankan government, and particularly the Rajapaksa family has been going on in the Galle Face Green area of Colombo for many days

Crisis-hit Sri Lanka seeks emergency financial assistance from IMF

Sri Lanka is seeking up to $4 billion this year to tide over problems and pay creditors amid dwindling foreign reserves and Asia's fastest inflation

Sri Lanka's state-run oil company raises fuel price amidst economic crisis

The state-run Ceylon Petroleum Corporation's (CPC) new price of 92 octane petrol Rs 338 per litre is an increase of Rs 84 and now matches the per litre price of Lankan Indian oil company (LIOC)

IMF chief hails India's help to Sri Lanka in dealing with economic crises

Georgieva made these remarks during the Spring Meetings of IMF-World Bank (WB) in Washington DC with Sitharaman

Sri Lankan Prez Gotabaya Rajapaksa admits mistakes led to economic crisis

Gotabaya made the admission while speaking to new Cabinet ministers he appointed Monday as he and his family seek to resolve a political crisis resulting from the country's dire economic state

Facing public ire, Sri Lanka's President to 'review executive powers'

Expands Cabinet ahead of IMF talks; Mahinda stays on

Sri Lankan prez appoints 17 ministers in Cabinet to fight economic crisis

The new Ministers have been appointed with the aim to ensure the smooth functioning of the administration

Sri Lanka's largest business group opposes decision to close stock market

On Saturday, the SEC announced that it had decided to direct the Colombo Stock Exchange to temporarily close the stock market for a period of five business days starting April 18

Indian tea companies smell opportunity as Sri Lanka crisis brews

Island nation largest orthodox tea supplier, exporting over 95% of its production, according to ICRA report

Sri Lankan delegation heads to US to seek $4 bn bailout package from IMF

A Sri Lankan government delegation is headed to the US as it desperately tries to salvage the country's beleaguered economy

Sri Lanka army says will uphold constitution, not interfere with protests

The Army's statement comes after former Army Commander Sarath Fonseka commented that the troops must not obey illegal orders inferring a crackdown on the protesters

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Sri Lanka stock exchange to halt for five days from April 18 amid crisis

A Sri Lankan delegation is headed to Washington, looking to secure up to $4 billion from the International Monetary Fund and other lenders

Twitterati ask Musk to buy Sri Lanka instead of Twitter for $43bn

Twitter users want Tesla CEO Elon Musk to acquire Sri Lanka instead of the microblogging site for $43 billion, as the country faces its worst economic crisis since its Independence.

Police sergeant arrested for joining Galle Face protest in Sri Lanka

A Sri Lankan Police sergeant, who was arrested for joining the protest at the Galle Face Green area in uniform and making a statement to the media, has been released on bail

SL protesters call Rajapaksa govt tyrant, full of nepotism amid protests

A massive crowd continues to remain gathered at Galle Face, the main beachfront in the capital Colombo, outside Sri Lankan President's secretariat to protest amid economic crisis