Irfan Iqbal Shiekh feared that a serious law and order situation might emerge in the event of any fuel shortages for transportation and electricity generation.
China’s debt trap diplomacy responsible for economic calamity in Sri Lanka
International experts warn that other debt-ridden countries — from Laos in Southeast Asia to Kenya in East Africa — are teetering toward a similar fate.
China’s debt trap diplomacy responsible for economic calamity in Sri Lanka
International experts warn that other debt-ridden countries — from Laos in Southeast Asia to Kenya in East Africa — are teetering toward a similar fate.
Business confidence in Sri Lanka has hit rock bottom, says business group chairman
Business confidence in Sri Lanka is at its lowest in years, according to the chairman of the Ceylon Chambers of Commerce Vish Govindasamy.
IMF chief Georgieva hopes to complete Sri Lanka aid talks ‘as quickly as possible’
Sri Lanka has been gripped by severe shortages of fuel, food and other essentials after its foreign reserves dried up. Citizens have turned their anger on the government and forced once-powerful …
India’s economic woes structural; urgent, far-reaching reforms necessary not to end up like Sri Lanka
Indian economy may look reasonably good right now when compared to many other countries, but inflation, depleting foreign exchange reserves, falling rupee and spiralling crude oil prices are worrying …
Pakistan to play two tri-series at home involving Australia, England
Recently, the Pakistan cricket team scripted history by chasing 342 and beating Sri Lanka in the 1st Test match at Galle by 4 wickets.
Pakistan could be the next Sri Lanka. But it’s a nuclear power.
Sri Lanka saw firsthand the catastrophic effects of not being able to raise enough tax revenue — without a change, Pakistan will too.
IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ – Nikkei
The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Nikkei Asia reported on Wednesday, quoting IMF Managing Director Kristalina Georgieva. Speaking …
China has a hand in Sri Lanka’s economic calamity
Chinese loans loom large in some debt-ravaged countries — including Sri Lanka, which is facing economic turmoil.