Sri Lankan economy records positive growth

The Sri Lankan Gross Domestic Product (GDP) for the third quarter of 2023 recorded a 1.6 per cent growth as compared...

IMF approves USD 3 billion under New Extended Fund Facility

Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis. The economy is facing significant...

Is Pakistan going to default on debt servicing like Sri Lanka?

The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar...

India extends aid worth USD 3.9 billion to help Sri Lanka

India's EXIM bank and State bank of India, for the import of essential commodities, extended export credit...

Sri Lanka could face food shortage as President asks for help

The critical situation of the currency crisis in Sri Lanka has resulted in political, economic and social turmoil....

Sri Lanka witnesses economic and political crisis in 2022

People of Sri Lanka demanded the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as...

China falls into its own debt trap as BRI loans pile up

Beijing [China], October 3 (ANI): China is falling into its own debt trap as the country's banks have sharply...

Sri Lanka cuts tax on hygiene products

Colombo [Sri Lanka], October 3 (ANI): Amid the ongoing economic crisis in the country, Sri Lanka has cut taxes on...

China uses clever tactics of African countries' loan waiver

Beijing [China], September 25 (ANI): After eyebrows were raised on China's debt trap policy under its Belt Road...

'China a close friend but India is brother and sister'

New Delhi [India], September 19 (ANI): Sri Lanka High Commissioner to India Milinda Moragoda on Monday referred...

Sri Lankan President presents Interim Budget

Colombo [Sri Lanka], August 30 (ANI): To provide relief to the Island nation amid the unprecedented economic crisis,...

Indian Coast Guard presence ensures no influx from Sri Lanka

Chennai (Tamil Nadu) [India], August 27 (ANI): The Indian Coast Guard Director-General Virender Singh Pathania on...