Page 54 - Sri Lanka

Sri Lanka to sign $1 bn credit line with India to help pay for key imports

Sri Lanka's government last year reached out to India, among other countries, to negotiate credit lines and currency swaps

Colombo Port City: Sri Lanka's economic game changer

Sri Lanka is going through its worst economic crisis. But the Colombo Port City can be 'a game changer', says Saliya Wickramasuriya, Director General of the project, in a chat with Aditi Phadnis

Sri Lanka's currency will stabilise soon, assures country's central bank

Sri Lanka relaxed controls on currency earlier this week considering the severity of the external shocks and recent developments in the domestic front, reported Xinhua

Sri Lanka to start talks with IMF on debt restructuring: Report

The island nation has to repay about $4 billion in foreign debt this year, including a $1 billion international sovereign bond maturing in July.

Prices of essential items soar in Sri Lanka after rupee depreciation

The prices of a number of essential items in Sri Lanka increased on Friday after the country's central bank allowed the country's rupee (LKR) to devalue to 230 per US dollar.

Sri Lanka imposes import restrictions on 367 'non-essential' items

The import control by a Gazette notification dated March 9 makes the 367 items to be barred from importing without a valid license

Lanka set to finalise another credit line for essential items with India

Sri Lanka is set to finalise another credit facility with India for food, medicine and other essential items which would help the island nation facing the worst economic crisis in decades

Sri Lanka devalues rupee, seen as step towards IMF help

Sri Lanka's foreign reserves fell to $2.36 billion at the end of January

Cracks appear in SL's coalition govt after sacking of 2 Cabinet ministers

Sri Lanka is reeling from a foreign exchange crisis with falling reserves

Beyond the theatre of war

No one in South Asia wants the war to continue. But some want it to end quickly more than others

Timely help from India rescues Sri Lanka from economic crisis

India in the last six months has provided assistance on several fronts to its tiny neighbour to tide over its economic crisis.

Sri Lanka central bank raises interest rates as inflation worries mount

Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy

Sri Lanka central bank raises interest rates as inflation worries mount

Sri Lankan central bank raised interest rates, its second straight increase, to curb growing inflationary pressures amid an ongoing foreign exchange crisis that threatens to derail domestic economy

Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

Indian Oil Corp (IOC) will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said

Sri Lankan economy facing mounting debt crisis, urgent reforms needed: IMF

Sri Lanka is currently reeling under a severe foreign exchange crisis with falling reserves and the government is unable to foot the bill for essential imports

Fertiliser ban decimates Sri Lankan crops as government popularity dwindle

Dramatic fall in yields follows a decision last April by President Gotabaya Rajapaksa to ban all chemical fertilisers in Sri Lanka

IMF urges Sri Lanka to focus on monetary policy to tackle inflation rise

IMF said Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years

Stalin writes to PM seeking release of Indian fishermen from Lankan custody

Chief Minister M K Stalin flagged separate instances of arrest of a total of 30 fishermen, including those from neighbouring Puducherry

Rohit Sharma-led Team India equal record for most consecutive T20I wins

India is currently the No.1 ranked team in the shortest format of the game.

8 Tamil Nadu fishermen arrested by Sri Lankan Navy off Ramanathapuram coast

Eight fishermen from Rameswaram were arrested and a mechanised boat was seized by the Sri Lankan Navy off the Ramanathapuram coast, said police on Sunday.