Sri Lankan has been urging China to restructure its debt as the nation continues to reel under an acute economic crisis
The diesel and petrol retail prices have been reduced by Rupees 20 each. Both had been raised by Rs 50 and 60 at the end of May
The decision to hike the prices was taken due to an increase in price of a kilogramme of wheat flour by Rs 32 on Monday, Sri Lanka's Daily Mirror news website quoted the All Ceylon Bakery Owners’ Association President N.K....
The year-on-year inflation based on the Colombo Consumer Price Index was 60.8 per cent in July, the Department of Census and Statistics said in a statement
The Indian IT services company has about 1,500 employees in Sri Lanka, a nation that is facing an economic and political crisis
Demonstrators, who have been protesting outside the President’s office for the past few months, stormed inside the premises and were reportedly seen jumping into the swimming pool, entering the kitchen and grabbing...
The experts noted that this crisis has had a serious impact on the enjoyment of human rights for the entire population
As Sri Lanka grapples with an economic crisis owing to botched economic policies and unmanageable debt, alarm bells are going off in some states in India
Wickremesinghe was appointed by the president after his elder brother Mahinda Rajapaksa was forced to resign in May, amidst massive anti-government protests
The IMF has concluded a round of policy-level talks with Prime Minister Wickremesinghe who is also Finance Minister and there were some financial issues to be...
The Sri Lankan government said talks were held with India for a fresh credit line and negotiations are underway to buy discounted Russian oil.
Russian state companies are reportedly giving crude oil at lower prices to countries that can afford to pay.
The resignation of MMC Ferdinando, the chairman of state-owned power entity Ceylon Electricity Board (CEB), has been accepted, energy minister Kanchana...
Wickremesinghe said that India, China and Japan are leading the list of countries that provided Sri Lanka with loans and assistance during the worst financial...
The protest occupying the entrance to Gotabaya's office to demand his resignation entered its 50th day on Saturday.
While India has extended a helping hand to the island country, there could be trouble brewing in its own backyard with economists and public policy experts...
Sri Lankan Prime Minister Mahinda Rajapaksa has repeatedly defied calls to quit while his brother President Gotabaya Rajapaksha has come under fire for...
On Monday, India had extended its current credit line by a further $200 million to replenish Sri Lanka’s rapidly depleting fuel stocks.
The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading...
Sri Lanka, which is on the brink of bankruptcy, is grappling with an unprecedented economic turmoil, the worst since its independence from Britain in 1948.
Sri Lankans are going through extreme hardships as there is severe shortage of vehicular fuel, cooking gas, and even food and medicines.
Rajapaksa on Monday appointed a new 17-member Cabinet that excluded his close relatives except Prime Minister Mahinda Rajapaksa
Sri Lanka is currently experiencing its worst economic crisis in history. With long lines for fuel, cooking gas, essentials in short supply and long hours of...
Limit is Rs 1,000 for two-wheelers per visit to fuel pump, Rs 1,500 for three-wheelers, Rs 5,000 for four-wheelers. Buses, lorries and commercial vehicles are...
The debt servicing suspension will be in force for an interim period pending an orderly and consensual restructuring consistent with the proposed arrangement...
