Lanka Economy
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Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
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Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
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Sri Lankan Soldiers On Hospital Duties As Health Workers Strike Over Allowances
Sri Lanka sent hundreds of soldiers to key hospitals to help look after patients on Thursday, as hospital orderlies and administrative staff launched a one-day strike nationwide over allowances.
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Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
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"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
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Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
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Sri Lanka's Appeal To Farmers Amid Food Shortage: Plant More Rice
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% drop in production that would worsen the impact of its already-severe financial crisis.
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Sri Lanka Can't Find Cash To Pay Even One Ship For Petrol
Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.
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"Tired Of Broken Promises" Crisis-Hit Lankan Workers Are On The Streets
Many schools in Colombo were shut and several train stations deserted on Thursday as teachers and train drivers joined mass walkouts demanding President Gotabaya Rajapaksa's government quit over Sri Lanka's worst financial crisis in decades.
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More Sri Lankans Fleeing Economic Crisis Reach India
18 more Sri Lankan nationals who fled the crisis-hit island republic arrived in India on Friday, with the hapless families who landed at Dhanushkodi in the wee hours being accommodated at the Mandapam refugees camp.
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Sri Lanka Announces Defaulting On All Its External Debt
Crisis-stricken Sri Lanka Tuesday announced it would default on its $51 billion external debt pending a bailout from the International Monetary Fund.
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China to help rebuild Lankan economy
China has pledged its full cooperation in reconstruction of the Island nation's economy.
-
Cash-Strapped Sri Lanka Records First Deflation Since 1995
Cash-strapped Sri Lanka's economy recorded falling consumer prices for the first time in 29 years, official data showed Monday, with the September inflation figure dipping to negative 0.5 per cent.
-
Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
-
Sri Lankan Soldiers On Hospital Duties As Health Workers Strike Over Allowances
Sri Lanka sent hundreds of soldiers to key hospitals to help look after patients on Thursday, as hospital orderlies and administrative staff launched a one-day strike nationwide over allowances.
-
Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
-
"Fortunate To Have Caring, Considerate Friends": Sri Lanka's Praise For India
Sri Lanka on Friday thanked India for the generous support of a USD 3.9 billion credit line last year and the assurances given to the IMF to restructure the country's debt.
-
Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
-
Sri Lanka's Appeal To Farmers Amid Food Shortage: Plant More Rice
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% drop in production that would worsen the impact of its already-severe financial crisis.
-
Sri Lanka Can't Find Cash To Pay Even One Ship For Petrol
Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.
-
"Tired Of Broken Promises" Crisis-Hit Lankan Workers Are On The Streets
Many schools in Colombo were shut and several train stations deserted on Thursday as teachers and train drivers joined mass walkouts demanding President Gotabaya Rajapaksa's government quit over Sri Lanka's worst financial crisis in decades.
-
More Sri Lankans Fleeing Economic Crisis Reach India
18 more Sri Lankan nationals who fled the crisis-hit island republic arrived in India on Friday, with the hapless families who landed at Dhanushkodi in the wee hours being accommodated at the Mandapam refugees camp.
-
Sri Lanka Announces Defaulting On All Its External Debt
Crisis-stricken Sri Lanka Tuesday announced it would default on its $51 billion external debt pending a bailout from the International Monetary Fund.
-
China to help rebuild Lankan economy
China has pledged its full cooperation in reconstruction of the Island nation's economy.
