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Sri Lanka Foreign Reserves

  • Economy

    Sri Lanka has no money to pay even one ship carrying fuel

    by IN Bureau May 18, 2022
    by IN Bureau May 18, 2022

    <p> <strong>Cash starved Sri Lanka, which has run out of fuel, asked its citizens not to queue up at gas stations. The condition is so precarious that it does not …

  • Opinion

    Is Sri Lanka set for regime change after Mahinda Rajapaksa flees to Trincomalee?

    by Sankalp Gurjar May 10, 2022
    by Sankalp Gurjar May 10, 2022

    <p> <strong>Sri Lanka is facing the worst economic crisis since its independence in 1948. The South Asian Island nation is in the grips of acute shortages of food, fuel and …

  • World

    Sri Lanka’s stock exchange once again forced to halt trading amid heavy losses

    by IN Bureau April 25, 2022
    by IN Bureau April 25, 2022

    <p> <strong>Amid deepening economic crisis and plummeting liquid stocks, the Sri Lankan stock market halted trading on Monday soon after it opened in about two weeks.</strong></p> <p> <a href="https://www.straitstimes.com/asia/south-asia/sri-lanka-stock-trading-halted-after-key-index-slumps">The Strait …

  • Economy

    India decides to bail out cash-strapped Sri Lanka–likely to announce another $1 bn line of credit soon

    by Mahua Venkatesh February 23, 2022
    by Mahua Venkatesh February 23, 2022

    <p> <strong>India has almost finalized extension of another $1 billion line of credit to cash strapped Sri Lanka. Earlier during the month, New Delhi provided $500 to the island nation. …

  • Economy

    Owners of Wagon R cards in Sri Lanka may have to drive without mirrors

    by IN Bureau February 18, 2022
    by IN Bureau February 18, 2022

    <p> <strong>Amid an acute financial crisis in Sri Lanka, demand for side mirrors of Suzuki’s Wagor R is on the rise. But as the cash strapped island nation imposed bans …

  • Economy

    India rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuel

    by IN Bureau February 16, 2022
    by IN Bureau February 16, 2022

    <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 …

  • Economy

    Indian tourists flock to Sri Lanka, as Colombo resumes visa on arrival facility

    by IN Bureau February 14, 2022
    by IN Bureau February 14, 2022

    <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 …

  • Economy

    Covid batters Sri Lanka–drop in tourism, expat remittances force Colombo to seek the IMF’s ‘advice’

    by Mahua Venkatesh February 9, 2022
    by Mahua Venkatesh February 9, 2022

    <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. …

  • World

    Sri Lanka shuts down power station as fuel runs out due to forex crisis

    by Rahul Kumar January 19, 2022
    by Rahul Kumar January 19, 2022

    <p> Sri Lanka on Wednesday faced a severe crisis after it had to shut down the Kelanitissa Power Plant during the night due to the lack of diesel. The power …

  • World

    Rajapaksa addresses parliament: focuses on rapprochement, economy and balance between powers

    by Rahul Kumar January 19, 2022
    by Rahul Kumar January 19, 2022

    <p> Sri Lankan President Gotabaya Rajapaksa addressed the parliament on Tuesday, highlighting the challenges before the country and his government's plans of tackling the economic crisis.<br /> <br /> He …

  • World

    India, Sri Lanka inch closer to a financial deal as Chinese Foreign Minister Wang Yi plans a visit

    by Rahul Kumar January 2, 2022
    by Rahul Kumar January 2, 2022

    <p> India is likely to extend a financial deal to Sri Lanka to help it tide over its foreign exchange woes even as it pursues the island nation to jointly …

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