Page 25 - Economic Crisis

Sri Lanka debt advisers may take weeks to hire as economic crisis worsens

Sri Lanka is seeking as much as $4 billion this year to help ease shortages of food, fuel and medicines as its foreign reserves dry up and it heads for a default on its international debt

IMF urges India to prioritise food security, expand transfers to vulnerable

The International Monetary Fund has urged India to prioritise food security and expand transfers to the vulnerable in the wake of the global economic crisis

Two in three children in Afghanistan not eating enough, says report

With the country facing one of its worst food crises, about 2 in 3 children in Afghanistan - or 12 million - whose families depend on farming to survive, are struggling to get enough food to eat daily

IMF asks cash-strapped Sri Lanka to restructure huge foreign debt

Crisis-hit island nation also seeks bridge loans as IMF aid will take six months

Rajapaksas grieve as global community condemns firing on protesters

At least three of the 13 hospitalised protesters at Rambukkana, some 90 kilometers northeast of Colombo, were critical at the Kegalle hospital, according to officials

World Bank ready to provide emergency support to Sri Lanka: Report

World Bank Vice President Hartwig Schafer held talks with Sri Lankan Finance Minister Ali Sabry in Washington on Tuesday, the Colombo Gazette reported on Wednesday

Sri Lankan police warn protesters against sabotaging fuel transport system

Amid the ongoing anti-government protests in Sri Lanka following the economic and political crisis, the police have urged the public not to jeopardise the fuel transportation system while protesting.

Curfew imposed in Sri Lanka's Rambukkana amid unrest over fuel price hike

A litre of petrol 92 octane has been increased by Rs 84 while a litre of petrol 95 octane by Rs 90, a litre of Auto Diesel by Rs 113 and a litre of super diesel has been increased by Rs 75

Mahinda relents on prez powers to placate public; 1 killed in police firing

Scores of protesters teemed the streets and public places of the town on Monday. The demonstration went late into the night

1 dead, 12 injured in Sri Lanka as police open fire at anti-govt protesters

At least one person was killed and 12 others injured on Tuesday when police opened fire to disperse anti-government protestors in Sri Lanka's southwestern region of Rambukkana.

Sitharaman assures Lankan counterpart of all possible assistance from India

Union Finance Minister assured Sri Lanka that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to Sri Lanka: Ministry of Finance said on Twitter

Crisis-hit Sri Lanka seeks emergency financial assistance from IMF

Sri Lanka is seeking up to $4 billion this year to tide over problems and pay creditors amid dwindling foreign reserves and Asia's fastest inflation

Sri Lanka's state-run oil company raises fuel price amidst economic crisis

The state-run Ceylon Petroleum Corporation's (CPC) new price of 92 octane petrol Rs 338 per litre is an increase of Rs 84 and now matches the per litre price of Lankan Indian oil company (LIOC)

Sri Lankan Prez Gotabaya Rajapaksa admits mistakes led to economic crisis

Gotabaya made the admission while speaking to new Cabinet ministers he appointed Monday as he and his family seek to resolve a political crisis resulting from the country's dire economic state

Facing public ire, Sri Lanka's President to 'review executive powers'

Expands Cabinet ahead of IMF talks; Mahinda stays on

Sri Lankan prez appoints 17 ministers in Cabinet to fight economic crisis

The new Ministers have been appointed with the aim to ensure the smooth functioning of the administration

Sri Lanka's largest business group opposes decision to close stock market

On Saturday, the SEC announced that it had decided to direct the Colombo Stock Exchange to temporarily close the stock market for a period of five business days starting April 18

Indian tea companies smell opportunity as Sri Lanka crisis brews

Island nation largest orthodox tea supplier, exporting over 95% of its production, according to ICRA report

Sri Lanka army says will uphold constitution, not interfere with protests

The Army's statement comes after former Army Commander Sarath Fonseka commented that the troops must not obey illegal orders inferring a crackdown on the protesters

Twitterati ask Musk to buy Sri Lanka instead of Twitter for $43bn

Twitter users want Tesla CEO Elon Musk to acquire Sri Lanka instead of the microblogging site for $43 billion, as the country faces its worst economic crisis since its Independence.