Search For "economic crisis"
Sri Lanka halts stock trading for 2nd consecutive day amid falling share p
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): Sri Lankan stocks plummeted shortly after opening for trading on Tuesday, leading the stock market to close early for the second day in a row.
Read More
IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its debt crisis, according to a media report.
Read More
Sri Lankan crisis 'man-made problem, warning signs ignored'
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): The ongoing crisis in Sri Lanka, which is the worst in the country's history, is a man-made problem while warning signs visible for a year were ignored, said Professor Mick Moore, a highly acclaimed political economist and professorial fellow at the Insti
Read More
Sri Lankan President says he's willing to form interim government to resol
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 25 (ANI): Sri Lankan President Gotabaya Rajapaksa on Monday said that he is willing to take immediate steps to form an interim government to curb and resolve the ongoing economic crisis in the country.
Read More
Sri Lanka stock market halts trading as share prices plummet
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 25 (ANI): Sri Lanka stock market on Monday halted trading again after the index of liquid stocks plummeted, with the All Share Price Index falling 9.6 per cent and the Standard & Poor's Sri Lanka 20 (S&P SL20) plunging 12.64 per cent, according to a media r
Read More
Sri Lanka: Opposition Party SJB claims of having over 113 signatories for
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 25 (ANI): Sri Lanka's opposition party Samagi Jana Balawegaya (SJB) MP (Member of Parliament) Rajitha Senaratne on Sunday claimed that his party had secured over 113 signatures for the no-confidence motion against the government.
Read More
Sri Lankans to face severe power cuts due to lack of sufficient fuel, wate
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 25 (ANI): The Ceylon Electricity Board (CEB), the largest electricity company in Sri Lanka, on Sunday announced that there will be a 4 hour and 30-minute power cut for three days due to the lack of sufficient fuel and water to generate electricity.
Read More
Sri Lanka crisis: Situation tense near Prime Minster Rajapaksa's residence
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 25 (ANI): As the anti-government protest continues in Sri Lanka over the worsening economic crisis, the tense situation has been reported near the residence of the country's Prime Minister Mahinda Rajapaksa, according to local media.
Read More
Sri Lanka: Rebel lawmakers ask Mahinda Rajapaksa to resign honourably or f
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 24 (ANI): The group of ruling party lawmakers who rebelled and became an independent group earlier this month, said that Prime Minister Mahinda Rajapaksa should resign from his post, or else will have to face a no-confidence motion.
Read More
IMF says it held 'fruitful' talks with Sri Lanka on loan request
Updated : 3 years, 10 months ago IST
Washington [US], April 24 (ANI): The International Monetary Fund (IMF) on Saturday said that it held "fruitful technical discussions" with Sri Lankan authorities on the island nation's request for an IMF-supported loan program this week.
Read More
If interim govt formed, should be under my leadership: Sri Lankan PM
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 23 (ANI): Sri Lanka Prime Minister Mahinda Rajapaksa asserted that if an interim government is formed in the country then it should be under his leadership.
Read More
Sri Lanka: CID arrests suspect involved in Rambukkana incident
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 23 (ANI): Sri Lanka's Criminal Investigations Department (CID) arrested a man as the suspect who set fire to the container carrying fuel during the protest in Rambukkana on April 19, local media reported.
Read More