The Sri Lankan government has announced that it is ready to talk with the protesters, who have occupied the entrance to the President's Office in Colombo.
The country is drowning in debt and the currency can buy little in a worsening crisis
Protests in Colombo intensified on Tuesday against the Sri Lankan government amidst the ongoing economic crisis, despite Prime Minister Mahinda Rajapaksa's appeal to the people
The lack of foreign exchange has left President Gotabaya Rajapaksa's government unable to import essentials including medicines and fueL
All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended until a debt restructure, Lanka's finance ministry said
Street protests against shortages of fuel, power, food and medicine have gone on for more than a month
Sri Lanka's dollar bonds due July 2022 fell 1.8 cents on the dollar on Tuesday to a record low 46.07 cents. The rupee lost 0.5%.
Biden administration reaffirms its commitment to support India's permanent membership.
Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.
Sri Lanka's external debt servicing obligations were thought to be over $6 billion.
Pakistan owes most of its debt to China
The government is spending every second of the day to resolve this problem. My family is being slandered, we can tolerate it, Mahinda said
The PM admitted that the country was falling over a precipice though his government was able to save it from the Covid-19 pandemic
Sri Lanka is facing its worst economic crisis since gaining independence from the British in 1948 which has triggered food shortages, soaring prices and power cuts.
Last week the entire Sri Lankan cabinet resigned apart from Mahinda at a time when the country was facing its worst economic crisis since gaining independence from the UK in 1948
Production in Sri Lanka of hosiery items for exports has been affected due to several hours of power cut, diesel shortage and people suffering from high prices of essential commodities
The consumers in the island nation said that rice prices have risen to unbearable levels
Protesters carrying national flags and placards, some bemoaning the hardships through songs, blamed President Gotabaya Rajapaksa and his administration for mismanaging the crisis.
With the arrival of four more Sri Lankan Tamils into the state, the Tamil Nadu government is preparing itself for more refugees hitting the shores of the state.