Sri Lanka Economic Crisis

<p> <strong>Amid Sri Lanka’s deepening economic crisis, <a href="https://www.cse.lk/">Colombo Stock Exchange</a> (CSE) has decided to temporarily shut for five working days starting Monday.</strong></p> <p> The country’s Securities and Exchange Commission …

<p> <strong>Cash starved Sri Lanka has annouonced that it will default on its $51 billion external debt on Tuesday while it is awaiting necessary financial assistance from the International Monetary …

<p> <strong>Debt ridden Sri Lanka, which is now looking for financial assistance from multilateral lenders including the International Monetary Fund, has finally decided to increase tax rates. The IMF has …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/mWNWSgkwCGE" title="YouTube video player" width="560"></iframe></p> <p> Sri Lankan former cricketers applauded Indian government and Prime Minister Modi for helping …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/jSwLfav0jaM" title="YouTube video player" width="560"></iframe></p> <p> Like Sri Lanka, Pakistan is also the biggest beneficiary of economic assistance from …

<p> <strong>The economic crisis in Sri Lanka has led to a large number of school dropouts despite having a provision for universal free education. Last month, school examinations in the …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/_NXDYzjrxFc" title="YouTube video player" width="560"></iframe></p> <p> India starts supplying rice to Sri Lanka in the first major food aid …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/oNok-PpOpjU" title="YouTube video player" width="560"></iframe></p> <p> External Affairs Minister Dr. S Jaishankar directed Indian High Commissioner Gopal Baglay to …

<p> <strong>Cash strapped Sri Lanka, with a debt burden of $6.9 billion this year, has sought another credit line of $1.5 billion from India to meet its import requirements. India …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/rG2iRSxClfs" title="YouTube video player" width="560"></iframe></p> <p> Amid its worst ever economic crisis, Sri Lanka has been hit by severe …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/yTsYUpOQppE" title="YouTube video player" width="560"></iframe></p> <p> With a shortage of food, essential good, electricity blackouts, people are fleeing to …

<p> <strong>Sipping a cup of humble tea in Sri Lanka is now a luxury. For Sri Lankans, milk tea made of strong tea with powdered milk and usually sugar – …

<p> <strong>Amid an acute economic crisis, Sri Lankan finance minister Basil Rajapaksa will visit India. New Delhi is likely to announce another $1 billion line of credit to Colombo, which …

<p> <strong>Sri Lanka’s industrial production in December has shown some signs of revival. Official data indicated that the country’s Index of Industrial Production (IIP)- an indicator of the manufacturing activities—stood …

<p> <strong>India has delivered 40,000 metric tonnes of fuel to cash strapped Sri Lanka to help it in preventing disruption of diesel supply.  The consignment was handed over by the …

<p> <strong>For cash strapped Sri Lanka, the start to this year has been promising with foreign tourists beginning to arrive. And India was the second largest source of tourist traffic …

<p> <strong>Even as a near bankrupt Sri Lanka averted a default by repaying $500 million international sovereign bond (ISB) in January, anxious global investors are monitoring the economic situation closely. …

<p> <strong>Amid intense scrutiny and fast deteriorating economic situation, Sri Lanka averted a default repaying $500 million international sovereign bond (ISB) that matured on January 18. But the island nation, …

<p> <strong>Will Sri Lanka restructure its albatross-like external debt? After the country’s foreign exchange reserves dipped to $1.6 billion in November, it improved to $3.1 billion in December. But is …

<p> <strong>As the economic crisis deepens in Sri Lanka pushing the island nation on the brink of bankruptcy, scores of citizens are looking to relocate to other countries. Citizens, who …