Friday, Dec 02, 2022

Sri Lanka Inflation

Sri Lanka Economic Crisis: Lucrative Tourism Industry Bears Major Brunt

Tourism accounts for about 5 per cent of Sri Lanka's Gross Domestic Product (GDP), with Britain, India, and China being the main markets. Sri Lanka is facing its worst foreign exchange crisis after the COVID-19 pandemic hit...

15 July 2022

Sri Lanka is facing worst economic crisis since its independence.

Does India have a Sri Lanka Problem?

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

UK Inflation Rises At Fastest Pace In 30 Years

UK inflation accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office for National Statistics said

Sri Lanka's Central Bank Raises Key Rates To Curb Inflation

Recent price hikes have been a severe blow, especially for the South Asian country's poor and vulnerable groups as they endure their country's worst economic crisis in memory, struggling with acute shortages of essentials...

07 July 2022

World Bank Rules Out Bridge Financing To Crisis-Hit Sri Lanka

The Bank has said that they are reshuffling the already allocated resources to provide essential medicines and other cash assistance to the vulnerable

Lankan Newspapers Run Out Of Newsprint Due To Forex Crisis; Suspend Publication

The Island, an English daily along with its sister Sinhala paper Divayina, ceased to print as the newsprint scarcities and price escalations hit the media organisation

26 March 2022

Sri Lanka Economic Crisis: IOC Provides Fuel As Government Pumps Go Dry

On Monday, the Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be temporarily suspended as the crisis-hit nation faces an acute fuel shortage

29 June 2022