The Finance Ministry says Sri Lanka has only $25 million in usable foreign reserves. That has left it without the wherewithal to pay for imports, let alone repay billions in debt. Meanwhile, the Sri …
Sri Lanka President Rajapaksa set to fly to Singapore via Maldives – government source
Sri Lankan President Gotabaya Rajapaksa was expected to head to Singapore after fleeing to the Maldives in the early hours of Wednesday, a government source in Sri Lanka told Reuters, as protests …
Sri Lanka crisis: Airport staff stop ex-finance minister Basil Rajapaksa from leaving country
Colombo: Basil Rajapaksa, Sri Lanka’s former finance minister and younger brother of embattled President Gotabaya Rajapaksa, was turned back at Colombo airport on Tuesday as he attempted to leave the …
Thousands protest against Sri Lanka’s new acting president
Sri Lanka’s president, who fled on a military jet after angry protesters seized his home and office, has appointed Prime Minister Ranil Wickremesinghe as acting president while he is overseas.
Syed Ata Hasnain | India must act with care amidst Lanka imbroglio
A $51 billion debt, with debt servicing of $7 billion needed this year, is proving unmanageable Sri Lanka army soldiers patrol near the official residence of president Gotabaya Rajapaksa three days …
Syed Ata Hasnain | India must act with care amidst Lanka imbroglio
A $51 billion debt, with debt servicing of $7 billion needed this year, is proving unmanageable Sri Lanka army soldiers patrol near the official residence of president Gotabaya Rajapaksa three days …
Sri Lanka crisis: Ranil Wickremesinghe tells military, police to restore order
Acting President of Sri Lanka Ranil Wickremesinghe on Wednesday said there was a fascist threat to democracy in the country and vowed to restore normalcy as well as stop the destruction of state …
India did not facilitate Gota’s exit – HC
The Indian High Commission categorically denied baseless and speculative media reports that India facilitated the recently reported – Get the latest breaking news and top stories from Sri Lanka, the …
Some thoughts on green financing options for Sri Lanka
By Prof. Nimal Gunatilleke This is a sequel to my earlier article, titled ‘The Sri Lankan Debt Crisis: A Layman’s Review’, which appeared in two parts on the 01st and 02nd June in The Island Midweek …
Some thoughts on green financing options for Sri Lanka
By Prof. Nimal Gunatilleke This is a sequel to my earlier article, titled ‘The Sri Lankan Debt Crisis: A Layman’s Review’, which appeared in two parts on the 01st and 02nd June in The Island Midweek …