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China's 'strategic-trap diplomacy' set off Sri Lankan economic crisis: Rep
Updated : 4 years ago IST
Colombo [Sri Lanka], April 27 (ANI): While economists largely concur that China's debt-trap diplomacy set off Sri Lankan economic crisis, geopolitical analysts believe that the island nation fell victim to a far more dangerous form of foreign policy, that is a 'strategic-trap diplomacy', sai
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Sri Lankan PM rejects calls for resignation; says 'I will go if I lose Par
Updated : 4 years ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid nationwide protests and growing calls for his resignation, Sri Lanka Prime Minister Mahinda Rajapaksa has said that he will step down if he loses the majority in the Parliament.
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Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis
Updated : 4 years ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid the ongoing economic crisis, Sri Lanka's Prime Minister Mahinda Rajapaksa on Tuesday said he will not step down from his post.
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Sri Lanka minister says country in talks with China for debt refinancing
Updated : 4 years ago IST
Colombo [Sri Lanka], April 26 (ANI): After talks with International Monetary Fund (IMF) amid the ongoing economic crisis in the country, Sri Lanka's Mass Media Minister Nalaka Godahewa on Tuesday said that the country is in talks with China as well for refinancing its debt.
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Bangladesh spinner Mehidy Hasan ruled out ahead of first test against Sri
Updated : 4 years ago IST
Dhaka [Bangladesh], April 26 (ANI): Bangladesh spinner Mehidy Hasan Miraz has been ruled out of the team for the first test against Sri Lanka beginning on May 15 in Chattogram, after sustaining a finger injury during a Dhaka Premier League game.
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Sri Lanka halts stock trading for 2nd consecutive day amid falling share p
Updated : 4 years 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.
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IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
Updated : 4 years 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.
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Sri Lankan crisis 'man-made problem, warning signs ignored'
Updated : 4 years 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
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Sri Lankan President says he's willing to form interim government to resol
Updated : 4 years 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.
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Sri Lanka stock market halts trading as share prices plummet
Updated : 4 years 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
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Sri Lanka: 21st Amendment proposal to be presented in new cabinet meeting
Updated : 4 years ago IST
Colombo [Sri Lanka], April 25 (ANI): Sri Lanka Prime Minister Mahinda Rajapaksa will present on Monday proposals submitted by political parties to Parliament to draft the 21st Amendment of the Constitution at the first meeting of the new cabinet, local media reported.
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Sri Lanka: Opposition Party SJB claims of having over 113 signatories for
Updated : 4 years 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.
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