Search For "sri lanka economic crisis"
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
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Sri Lanka: Rebel lawmakers ask Mahinda Rajapaksa to resign honourably or f
Updated : 3 years, 11 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.
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IMF says it held 'fruitful' talks with Sri Lanka on loan request
Updated : 3 years, 11 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.
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Sri Lanka: CID arrests suspect involved in Rambukkana incident
Updated : 3 years, 11 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.
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Sri Lanka asks for USD 1.5 billion credit from India amid economic crisis
Updated : 3 years, 11 months ago IST
Washington [US], April 23 (ANI): Sri Lanka has asked for another one billion US dollar credit from India for imports as well as a 500 million US dollar loan for oil imports, Finance Minister Ali Sabry said as the country faces dire economic situation.
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China gets flak for pushing Sri Lankan economy into 'debt-trap'
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 22 (ANI): As Sri Lanka faces one of the worst economic crises, China has been widely criticized for pushing the Sri Lankan economy into its 'debt trap' and for predatory behaviour such as leasing out the port of Hambantota for 99 years.
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Sri Lankan PM Rajapaksa expresses distress over Rambukkana violence
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 20 (ANI): Sri Lankan Prime Minister Mahinda Rajapaksa on Wednesday said that he is deeply distressed following the violence that took place in Rambukkana town.
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Sri Lankan police caution protesters from jeopardizing fuel transportation
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 20 (ANI): Amid the ongoing anti-government protests in Sri Lanka following the economic and political crisis, the police have urged the public not to jeopardise the fuel transportation system while protesting.
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Curfew imposed in Sri Lanka's Rambukkana amid unrest
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 20 (ANI): Sri Lanka police imposed a curfew in the Rambukkana Police Division until further notice following unrest in the country with the clash between protesters and police in the city.
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IMF, India pledge to support Sri Lanka in economic crisis
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 19 (ANI/Sputnik): The International Monetary Fund (IMF) and India will support Sri Lanka in the economic crisis that has gripped the country, Sri Lankan Finance Ministry said on Tuesday.
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Sri Lanka: US envoy calls for restraint after violence in Rambukkana town
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 19 (ANI): US ambassador to Sri Lanka Julie Chung called for restraint and calm after reports of violence emerged from Rambukkana town on Tuesday amid the unprecedented protest due to the ongoing economic crisis.
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Chinese high-cost loans prime culprit for Lankan economic woes
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 19 (ANI): Sri Lanka's current economic crisis does not seem to slow down due to its major dependence on Chinese loans as well as its inability to repay debt amid a state of emergency and intense protests in the island nation.
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