Page 3 - Sri Lanka
Sri Lanka PM assures parliament of sufficient fuel stocks till mid-June
Sri Lanka Prime Minister Wickremesinghe on Thursday assured the country's lawmakers that the island nation has been able to secure sufficient stocks of diesel and petrol which will last till mid-June.
 "Sri Lanka PM assures parliament of sufficient fuel stocks till mid-June")
Crisis-hit Sri Lanka falls into default, warns inflation may surge to 40%
Sri Lanka Missed $78M Bond Coupon, $105M China Payment April 18
 "Crisis-hit Sri Lanka falls into default, warns inflation may surge to 40%")
Sri Lankan army ended war with LTTE through 'humanitarian operation': Prez
Sri Lankan President Gotabaya Rajapaksa has praised the country's military for ending the brutal conflict with the LTTE in 2009
 "Sri Lankan army ended war with LTTE through 'humanitarian operation': Prez")
No shoot-on-sight orders given during violence: Lankan PM Wickremesinghe
The order came after mobs had gone on the rampage attacking properties linked to the Rajapaksa family and those close to them
 "No shoot-on-sight orders given during violence: Lankan PM Wickremesinghe")
Global economy loses $1.6 trn as world struggles to avoid a new Cold War
Russia's invasion of Ukraine and China's Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs.
 "Global economy loses $1.6 trn as world struggles to avoid a new Cold War")
Sri Lanka central bank keeps key rates unchanged amid debt crisis
The Standing Lending Facility rate remained unchanged at 14.50% while the Standing Deposit Facility Rate was steady at 13.50%.
 "Sri Lanka central bank keeps key rates unchanged amid debt crisis")
Sri Lankan economic crisis brings opportunity for Indian tea industry
The tea traders of North Bengal said that the present condition in Sri Lanka, which has been unable to export its tea, can create opportunities for the new market in India
 "Sri Lankan economic crisis brings opportunity for Indian tea industry")
Sri Lankan protesters include Tamil victims in civil war memorial
Sri Lankan protesters lit flames and offered prayers Wednesday remembering thousands including ethnic Tamil civilians killed in the final stages of the country's decadeslong civil war
 "Sri Lankan protesters include Tamil victims in civil war memorial")
Sri Lanka misses ADB payment, Lankan PM Wickremesinghe tells Parliament
Sri Lankan Prime Minister Ranil Wickremesinghe on Wednesday said the country has missed a payment to the Asian Development Bank,
 "Sri Lanka misses ADB payment, Lankan PM Wickremesinghe tells Parliament")
India likely to extend credit line to Sri Lanka for essential medicines
The quantum of the line of credit to be extended is not yet known
 "India likely to extend credit line to Sri Lanka for essential medicines")
Distracting people won't alter facts, India looks lot like Sri Lanka: Rahul
Rahul Gandhi on Wednesday hit out at the government over rising inflation and unemployment and said India looks a "lot like Sri Lanka" and the Centre should not distract people.
 "Distracting people won't alter facts, India looks lot like Sri Lanka: Rahul")
Unbeaten at 85 against Lanka, Bangladesh's Mushfiqur crosses 5k Test runs
Mushfiqur Rahim became the first Bangladesh batter to reach 5,000 Test runs, scoring an unbeaten 85 to help the home team cut the first-innings deficit to 12 runs at lunch
 "Unbeaten at 85 against Lanka, Bangladesh's Mushfiqur crosses 5k Test runs")
Sri Lanka gets $160 mn from World Bank; PM says will use some to buy fuel
Sri Lanka has received $160 Million from the World Bank and is looking at the possibility of using some of it to buy fuel, PM Ranil Wickremesinghe told Parliament on Wednesday
Sri Lanka to default on debt, no money for fuel, says power minister
An economic crisis unprecedented in Sri Lanka's history since independence in 1948 has led to a critical shortage of foreign exchange
 "Sri Lanka to default on debt, no money for fuel, says power minister")
Lanka's Parliament defeats no-trust motion against President Rajapaksa
Ruling party wins deputy speaker's election; two lawmakers arrested
 "Lanka's Parliament defeats no-trust motion against President Rajapaksa")
Sri Lanka's shattered economy awaits new finance head and rate hike
Prime Minister Ranil Wickremesinghe, appointed last week, is expected to soon choose a finance minister, who will help lead talks with the International Monetary Fund over badly needed aid
Embattled Lankan President Gotabaya Rajapaksa defeats no-confidence motion
Embattled Sri Lankan President Gotabaya Rajapaksa-led government won two important victories in Parliament on Tuesday when its candidate for the slot of Deputy Speaker got elected
Petrol in India cheaper than UK, Germany but costlier than US, China, Pak
Petrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan & Sri Lanka, a BOB Economics Research report showed
 "Petrol in India cheaper than UK, Germany but costlier than US, China, Pak")
Lankan Parliament defeats no-trust motion against President Gotabaya
The motion by Opposition Tamil National Alliance to suspend Parliament's standing orders in order to debate an expression of displeasure over Gotabaya was defeated with 119 MPs voting against it
Sri Lanka's new PM to sell national airline, print money to pay salaries
Wickremesinghe -- less than a week into the job -- said he was forced to print money to pay salaries, which will pressure the nation's currency
 "Sri Lanka's new PM to sell national airline, print money to pay salaries")
