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India extended an additional USD 500 million credit line to help Sri Lanka import fuel as the country has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in...Click on the headline to read the full story
The World Bank, the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have announced their decision to support Sri Lanka s response to the ongoing economic crisis.
Protests demanding the resignation of President Gotabaya Rajapaksa continue around the island.
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“They tell me I’m doing a bloody good job,” says de Silva. “I’m sure everyone will start doing this soon.”
It is scheduled to arrive in Colombo on Sunday (22) as part of Indian aid to cash-strapped Sri Lanka.
The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis
Sri Lankan Prime Minister Prime Minister Ranil Wickremesinghe on Friday welcomed the G7 announcement that they will assist the country in securing debt relief as it is grappling with its worst economic crisis.
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Grant aims to provide three-months worth of essential foods to 15,000 affected families
South Korea on Friday issued a special travel advisory on Sri Lanka, the foreign ministry said, as the island country is gripped by civil unrest stemming from an economic crisis.
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By Easwaran Rutnam Newly appointed Cabinet Ministers Harin Fernando and Manusha Nanayakkara asserted that they will push President Gotabaya Rajapaksa to step down. Fernando told reporters that they had taken a risk by deciding to accept cabinet portfolios. However, he said that was a risk they were prepared to take in the best interest of […]
The Committee on Public Finance, chaired by MP Anura Priyadarshana Yapa, Member yesterday (May 19), has decided to summon the Central Bank Governor, the Secretary to the Ministry of Finance and other officials before the committee next week to discuss the current economic crisis and the solutions.
The United Nations World Food Programme (WFP) is to distribute ration packs to vulnerable households in Sri Lanka. The Government of Japan today announced a USD 1.5million (LKR 600 million) funding to help the Government of Sri Lanka respond to the ongoing economic crisis. The funds will be used by the WFP to provide food […]
Sri Lanka s prime minister Ranil Wickremesinghe has told Sky News that Âthe last administration is to blame for the country s current crisis.
Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations
The management of Litro Gas Lanka Ltd was summoned before the Committee on Public Enterprises (COPE) this morning to inquire into the current gas shortage and related solutions.
The Government of Japan is giving essential medicines to Sri Lanka through UNICEF to meet the urgent needs of the most vulnerable population as the country grapples with shortages due to an economic crisis. The contribution of US$ 1.5 million will enable UNICEF to procure medicines for over 1.2 million people, among them 53,000 pregnant […]
Sri Lanka's prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertiliser for the next planting season to...Click on the headline to read the full story
The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.
Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank...Click on the headline to read the full story
An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman...Click on the headline to read the full story
The International Monetary Fund (IMF) says it is in talks with stakeholders to support a timely resolution of the crisis in Sri Lanka. IMF spokesman Gerry Rice said that the IMF remains committed to help Sri Lanka in line with the IMF policies. “There’s currently a virtual IMF staff mission engaged in those technical talks […]
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An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman Gerry Rice said on Thursday.