Page 14 - Sri Lanka

Sri Lanka default looms as debt payments halted to save dollars

Sri Lanka's dollar bonds due July 2022 fell 1.8 cents on the dollar on Tuesday to a record low 46.07 cents. The rupee lost 0.5%.

Top headlines: Sri Lanka suspends external debt, Adani 6th richest in world

Biden administration reaffirms its commitment to support India's permanent membership.

11,000 MT of rice from India reaches Lanka ahead of new year

Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.

Crisis-hit Sri Lanka announces debt default due to low forex reserves

Sri Lanka's external debt servicing obligations were thought to be over $6 billion.

Pak, Sri Lanka crises lessons for nations to not fall for China's debt trap

Pakistan owes most of its debt to China

Lankan PM says govt working round-the-clock to overcome economic crisis

The government is spending every second of the day to resolve this problem. My family is being slandered, we can tolerate it, Mahinda said

Street fights have dangerous ends, Sri Lanka PM warns protestors

The PM admitted that the country was falling over a precipice though his government was able to save it from the Covid-19 pandemic

SL faces worst economic crisis since gaining independence in 1948: BBC

Sri Lanka is facing its worst economic crisis since gaining independence from the British in 1948 which has triggered food shortages, soaring prices and power cuts.

Sri Lankan President invites independent MPs to discuss economic crisis

Last week the entire Sri Lankan cabinet resigned apart from Mahinda at a time when the country was facing its worst economic crisis since gaining independence from the UK in 1948

Sri Lankan economic crisis may benefit Indian garment units in 'small way'

Production in Sri Lanka of hosiery items for exports has been affected due to several hours of power cut, diesel shortage and people suffering from high prices of essential commodities

Sri Lanka economic crisis: Food prices surge to 'unbearable levels'

The consumers in the island nation said that rice prices have risen to unbearable levels

Pressure mounts on Sri Lanka leader to step down as crisis grows

Protesters carrying national flags and placards, some bemoaning the hardships through songs, blamed President Gotabaya Rajapaksa and his administration for mismanaging the crisis.

Sri Lanka's main opposition to move no-confidence motion against President

Sri Lanka

TN prepares for arrival of more refugees as crisis looms large in Sri Lanka

With the arrival of four more Sri Lankan Tamils into the state, the Tamil Nadu government is preparing itself for more refugees hitting the shores of the state.

Best of BS Opinion: 7 questions after Ukraine, the problem with BMI & more

Here are the top BS Opinion articles of the day

Sri Lanka raises key interest rates by 700 basis points to 14.5%

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply

Debt-trap diplomacy: Should China be blamed for Pakistan, Sri Lanka crises?

China exacerbated but didn't mostly cause the problem whose roots lay in borrowing countries' broken politics and economic mismanagement. The loans may only have solved some problems, writes T N Ninan

Lanka oppn threatens no-confidence motion, industry warns of 'precipice'

President Gotabaya Rajapaksa is running his administration with only a handful of ministers after his entire cabinet resigned this week

Sri Lanka fuel pumps may go dry in April; credit grant from India depleting

Sri Lanka may run out of diesel by the end of this month with the $500 million line of credit extended by India for fuel purchase exhausting fast amidst the unprecedented shortage of foreign reserves

Sri Lanka to exhaust $500 million Indian fuel credit line by April end

The $500 mn credit line provided by India for fuel will be exhausted after the delivery of another 120,000 tons of diesel and 35,000 tons of petrol to Sri Lanka in the remaining period of this month.