Page 14 - Economic Crisis

Sri Lanka President Gotabaya Rajapaksa's whereabouts still unknown

The anti-government protesters in Sri Lanka on Sunday continued to occupy the residences of President Gotabaya Rajapaksa and Prime Minister Wickremesinghe, a day after they stormed into the premises

US urges Sri Lanka to work quickly to achieve economic, political stability

The United States urged Sri Lanka's political fraternity to come forward and work quickly to achieve long-term economic and political solutions to address the people's discontent

Opportunity to resolve crisis available: Sri Lanka Army chief urges peace

Sri Lankan Army chief General Shavendra Silva said that an opportunity to resolve the current political crisis in a peaceful manner is now available and sought the people's support to maintain peace

Gas lines and scuffles: Debt-ridden Sri Lanka faces humanitarian crisis

A few years ago Sri Lanka's economy was growing strongly enough to provide jobs and financial security for most. It's now in a state of collapse

Sri Lankan prez Gotabaya Rajapaksa to resign on July 13: Parliament Speaker

President Rajapaksa informed the speaker about this decision after Abeywardena wrote to him asking for his resignation following the all-party leaders meeting held Saturday evening.

7 injured in clashes between anti-govt protesters and police in Sri Lanka

At least seven persons, including two policemen, were injured in clashes between security forces and anti-govt protesters who had gathered in large numbers in the central Colombo's Fort area

Sri Lanka protesters enter presidential home, Gotabaya escorted to safety

Rajapaksa was escorted to safety away from the compound, Agence France-Presse cited an unidentified defense official as saying

Sri Lankan Police lifts curfew from 7 divisions ahead of anti-govt protests

Sri Lankan Police has lifted the curfew that was imposed in seven divisions in the country's Western Province, including in Colombo, ahead of planned anti-government protests on Saturday

Security tightened, curfew imposed to block Sri Lanka's anti-govt protest

Ahead of the major anti-govt protest, an indefinite curfew has been enforced in entrance areas to capital Colombo from Friday night

Massive crowd to march to Colombo demanding Sri Lankan Prez, govt to resign

Sri Lanka is in a virtual lockdown with government offices barely functioning with limited staff and schools completely closed with no transport for children and teachers

Sri Lanka's economic crisis should be warning to us all, says UNDP

The warning came as new data from the UN Food and Agriculture Organization (FAO) indicated that the number of people affected by hunger globally rose to 828 million in 2021

Pakistan's $1-billion gas tender receives no takers amid energy crisis

It's the fourth time in roughly a month that Pakistan - which is already suffering frequent blackouts -- has failed to complete an LNG purchase tender

UK, New Zealand asks citizens to avoid non-essential travel to Sri Lanka

The United Kingdom and New Zealand have joined a growing list of countries that has asked its citizens to avoid non-essential travel to Sri Lanka

Wall Street says a recession is coming. Consumers say it's already here

Layered on top of the inflation squeeze are the mounting concerns about the outlook for economic growth, not just this year, but into 2023

Credit lines exhausted, India asks Sri Lanka to pay for fuel in advance

Sri Lanka, which has depleted its foreign exchange reserves, was hoping for a fresh approval from India of a $500 million credit line for fuel purchases

Sri Lanka to present debt restructuring programme to IMF by August: PM

Sri Lanka will present a debt restructuring programme to the IMF by August to secure a bailout package, Prime Minister Ranil Wickremesinghe told Parliament

Crisis-hit Sri Lanka offers fuel quotas to firms which can pay in dollars

Plans to allow foreign firms to distribute fuel & let marine bunker operators sell diesel

Sri Lanka to get two ships of fuel in July, one in August: Lanka IOC

A total of 11,000 MT of Diesel, 5,000 MT of Petrol, 30,000 MT of Furnace Oil, and 800 MT of Jet Fuel are currently available in the country

Sri Lankan crisis: President Gotabaya to visit UAE to procure fuel

The Sri Lankan government says it has formulated a comprehensive mechanism to ensure continuous fuel supply after July 10

Lanka IOC provides fuel as government pumps go dry in island nation

A LIOC spokesperson said they issued petrol to private vehicle owners on Tuesday but had to limit the issues due to the demand