COLOMBO, Sri Lanka (AP) — Sri Lanka celebrated its Independence Day on Friday with an appeal by the president to the country’s expatriates to send money home as it struggles with the worst economic …
IMF says it is ‘ready’ to help Sri Lanka
On Wednesday, Sri Lanka’s finance minister announced the country had sought advice from the fund and was considering seeking an international bailout. This “referred to an ongoing technical assistance …
IMF says it is ‘ready’ to help Sri Lanka
On Wednesday, Sri Lanka’s finance minister announced the country had sought advice from the fund and was considering seeking an international bailout. This “referred to an ongoing technical assistance …
China’s ‘soft-power blitzkrieg’ on Sri Lanka’s Tamils rings alarm bells in India
China has staged an unprecedented charm offensive to court … Sri Lanka’s central bank has said Colombo also is in talks with Beijing for help. Finance Minister Basil Rajapaksa said the island, whose …
SF unaware of weapons purchased from North Korea, BR reverts his statement
Finance Minister Basil Rajapaksa put his foot in his mouth this week when he made a startling revelation to a Sinhala newspaper stating that during the height of Sri Lanka’s civil war, Sri Lanka had …
India Gives Sri Lanka $500 Million Loan To Pay For Oil
Sri Lanka was handed temporary relief from energy shortages and rolling blackouts on Wednesday with a $500 million loan from India to finance urgent oil purchases for the cash-strapped nation.
Amid fuel shortage, Sri Lanka to purchase diesel from Indian Oil Corporation
Amid the growing fuel crisis exacerbated by a foreign exchange crisis, the Sri Lankan government has decided to purchase diesel from India’s state-owned Indian Oil Corporation Ltd (IOCL), and a propos …
Sri Lanka food inflation hits record 25pc
Food inflation in crisis-hit Sri Lanka hit a record 25 per cent in January … with the collapse in tourism revenue leaving traders unable to finance purchases of essential goods from abroad. For all …
Sri Lanka food inflation hits record 25pc
Food inflation in crisis-hit Sri Lanka hit a record 25 per cent in January … with the collapse in tourism revenue leaving traders unable to finance purchases of essential goods from abroad. For all …
Sri Lanka food inflation hits record 25pc
Food inflation in crisis-hit Sri Lanka hit a record 25 per cent in January … with the collapse in tourism revenue leaving traders unable to finance purchases of essential goods from abroad. For all …