Search For "sri lanka economic crisis"
Biggest contributor to Sri Lanka's economic crisis is 'mismanagement': Bud
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 16 (ANI): The President of the Asian Buddhist Conference for Peace (ABCP) - Sri Lanka National Centre, Dr Maitipe Wimalasara Maha Thera on Saturday blamed the "mismanagement" of economic policies by the country's leadership for the present turmoil.
Read More
Sri Lanka stock exchange to stop trading for 5 days from April 18
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 16 (ANI): In midst of one of the country's worst economic crises, Sri Lanka's Colombo Stock Exchange (CSE), on Saturday has been directed to temporarily close the stock market for five days starting April 18.
Read More
Sri Lanka introduces fuel rationing in view of economic crisis
Updated : 3 years, 11 months ago IST
Colomba [Sri Lanka], April 15 (ANI): In midst of the ongoing economic crisis in Sri Lanka which has led to a shortage of essential commodities, the country has introduced fuel rationing for most categories of non-commercial vehicles starting Friday, local media reported.
Read More
China avoids bailing out Sri Lanka, Pakistan as their debt deepens: Report
Updated : 3 years, 11 months ago IST
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri
Read More
Situation of hosting Asia Cup in SL will be assessed on final day of IPL,
Updated : 3 years, 11 months ago IST
New Delhi [India], April 15 (ANI): Jay Shah, president of the Asian Cricket Council and the secretary of the Board of Control for Cricket in India (BCCI), on Friday said the situation of hosting the Asia Cup 2022 in Sri Lanka, will be assessed on the day of the final of the ongoing Indian
Read More
Massive protest erupts in heart of Colombo amid economic crisis
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 14 (ANI): A massive protest erupted in the Galle Face Green area in the capital city of Colombo as the Island nation is facing its worst economic crisis since independence with food and fuel shortages, soaring prices and power cuts.
Read More
Sri Lanka's opposition leader Sajith signs impeachment and no-confidence m
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 13 (ANI): The leader of the Opposition, Sajith Premadasa, on Wednesday signed the impeachment motion against President Gotabaya Rajapaksa and the no-confidence motion against the government.
Read More
Foreign debt payments default will put pressure on banking sector: Sri Lan
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 13 (ANI): Reacting to the Sri Lanka government's temporary suspension of payment of all foreign debts, former Prime Minister Ranil Wickremesinghe said that this will place further pressure on the banking sector in the country.
Read More
Probability of Asia Cup 2022 being held in Sri Lanka depends on how other
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 13 (ANI): Amid the ongoing economic crisis in Sri Lanka, former cricketer Arjuna Ranatunga feels that the hosting of Asia Cup 2022, in the country will depend on the nod of other nations.
Read More
India rushes to help Sri Lanka while China presses for FTA hurting Colombo
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Even as India has rushed to help its neighbour Sri Lanka, which is facing a severe economic crisis, China has in turn been pressing the Island nation for a Free Trade Agreement that would hurt Colombo's finances.
Read More
Sri Lanka succumbs to China's debt-trap diplomacy: Report
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy while Colombo battles most significant economic crisis in decades amid mounting debt repayment woes.
Read More
Arjuna Ranatunga urges SL players to leave IPL and stand in support of the
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Former cricketer and minister Arjuna Ranatunga on Tuesday urged all the Sri Lankan players, who are playing in the Indian Premier League (IPL), to come and stand in support of their country during the ongoing economic crisis.
Read More