Page 50 - Sri Lanka

Sri Lankan President Rajapaksa says he won't resign amid crisis

Amid the ongoing political in Sri Lanka triggered by the massive economic crisis, President Gotabaya Rajapaksa has said that he will not resign

Sri Lanka finance minister sacked, central bank governor calls it quits

The debt-laden country, run by Rajapaksa and several members of his family since 2019, is struggling to pay for imports of fuel and other goods due to a scarcity of foreign exchange

Sri Lanka gets new finance minister, central bank governor as unrest grows

President calls all parties to take up ministerial roles, coalition partner rejects new cabinet; President's brother replaced as finance minister

Sri Lankan stocks slide by nearly 33%, world's worst losers after Russia

The slide in Sri Lankan shares is leading the reversal in a broader gauge of Asia's frontier-market equities after it rallied in 2021.

Sri Lanka names new ministers as old team quits amid economic crisis

The reshuffle comes amid Sri Lanka's struggle with a severe dollar shortage that prompted capital controls and import curbs.

Sri Lanka's president drops brother as finance minister in crisis shake-up

The country off India's southern tip is also grappling with soaring inflation after the government steeply devalued its currency last month ahead of the IMF talks.

Sri Lanka's Central Bank Governor resigns amid economic crisis

The country is witnessing protests over the government's handling of the worst economic crisis in decades.

Sri Lankan president calls for unity govt to resolve economic crisis

The developments come after Gotabaya Rajapaksa declared a state of emergency on Friday, following protests over the economic hardship faced by the people of the country

Sri Lanka's economic crisis deepens; cabinet ministers offer to resign

The debt-laden country is struggling to pay for imports of fuel and other essentials due to a severe shortage of foreign currency

Sri Lanka crisis: State of emergency still in place as curfew lifted

The 36-hour long curfew that was imposed on Sri Lanka on Saturday evening has been lifted on Monday morning at 6 am but the country is still under the effect of a state of emergency.The curfew was imposed on Saturday from 6 pm in accordance with the powers vested in the President under the provisions of the Public Security Ordinance following protests outside the residence of President Gotabaya Rajapaksa as the country faces its worst economic crisis since independence.Namal Rajapaksa, Sri Lanka's Minister of Sports and Youth Affairs and son of Prime Minister Mahinda Rajapaksa, has resigned from all his portfolios."I have informed the sec. to the President of my resignation from all portfolios with immediate effect, in hope that it may assist HE & PMs decision to establish stability for the people & the govt of #LKA. I remain committed to my voters, my party & the people of #Hambanthota," Namal Rajapaksa said in a tweet.The 26-member Sri Lankan cabinet submitted ...

Time is fast running out: Former Cricketer Sangakkara on Lanka's crisis

This statement comes as the island nation is facing a foreign exchange shortage which has led to a food, fuel, power, and gas shortage

Top headlines: Income in US on I-T radar, Sri Lanka cabinet resigns

Union Minister Piyush Goyal says people are looking at India as an emerging global superpower. More on this in our top stories.

Sri Lankan Cabinet resigns amid protests over economic crisis; PM to stay

The enraged public has been demanding the resignation of President Gotabaya Rajapaksa.

Unviable populist schemes may create SL-like situation: Bureaucrats to Modi

A few senior bureaucrats raised concern to PM Modi over populist schemes announced by several states, claiming they are economically unsustainable and could take them down the same path as Sri Lanka

Sri Lankan Navy arrests 12 Indian fishermen from Tamil Nadu: Report

As many as 12 Indian fishermen from Tamil Nadu have been arrested by the Sri Lankan navy for allegedly fishing in its waters, a Fisheries official here said on Sunday.

Sri Lanka's PM Mahinda Rajapaksa may resign amid growing economic unrest

Sri Lanka's Prime Minister Mahinda Rajapaksa and Finance Minister Basil Rajapaksa may step down as early as Sunday as public anger builds against their economic policies

Sri Lankan police fire tear gas at students during protest amid curfew

Sri Lankan police fired tear gas and water cannons at university students during a protest, as demands grew for appointment of an all-party interim government to address worst economic crisis

Air India scales down flights to Sri Lanka due to poor demand

Sri Lanka is currently experiencing its worst economic crisis in history.

India extends credit, fuel, food to bail Sri Lanka out of economic crisis

India on Saturday delivered 40,000 MT of diesel to Sri Lanka to help ease the power crisis in the island country which is witnessing acute power cuts.

Sri Lanka imposes nationwide social media blackout: Internet observatory

Some two dozen social media platforms were affected including Facebook, Twitter, WhatsApp, YouTube, Snapchat, TikTok, and Instagram.