Business Standard

Page 4 - Sri Lanka

A day's petrol left, power cuts may last 15 hours: Lanka PM Wickremesinghe

Says he aims to save country, not a person or family; curfew till 5 am today

A day's petrol left, power cuts may last 15 hours: Lanka PM Wickremesinghe
Updated On : 17 May 2022 | 1:51 AM IST

Sri Lanka state carrier likely to be privatised: New PM Wickremesinghe

Sri Lanka's new PM Ranil Wickremesinghe said he proposed to privatise the national carrier SriLankan Airlnes as part of his plan to help tackle the debt-ridden country's crippling economic crisis

Sri Lanka state carrier likely to be privatised: New PM Wickremesinghe
Updated On : 16 May 2022 | 9:28 PM IST

Sri Lanka down to last day of petrol stock: PM tells crisis-hit nation

On Monday, Ranil Wickremesinghe called for patience, saying the economic crisis would get worse in coming months

Sri Lanka down to last day of petrol stock: PM tells crisis-hit nation
Updated On : 16 May 2022 | 8:53 PM IST

Sri Lanka Opposition says it will offer conditional support to new PM

As a responsible political party, Samagi Jana Balawegaya believes saving the country from the current crisis is of the utmost importance, the SJB said in a statement

Sri Lanka Opposition says it will offer conditional support to new PM
Updated On : 16 May 2022 | 5:57 PM IST

Sri Lanka to impose 9-hour curfew from 8 pm today amid raging violence

Sri Lankan government will impose a curfew from 8 pm on Monday till 5 am Tuesday, local media reported on Monday.

Sri Lanka to impose 9-hour curfew from 8 pm today amid raging violence
Updated On : 16 May 2022 | 5:13 PM IST

Crisis-hit Sri Lanka stumbles toward its first default on foreign debt

The island nation could be formally declared in default if it fails to make an interest payment to bondholders before Wednesday, when the 30-day grace period for missed coupons on dollar bonds ends

Crisis-hit Sri Lanka stumbles toward its first default on foreign debt
Updated On : 16 May 2022 | 3:18 PM IST

Sri Lanka: Failing economy forces auto drivers to sell flags at Galle Face

Faced with economic hardship, Colombo-based taxi and auto drivers are now forced to sell the national flag at the protest site Galle Face for their livelihood

Sri Lanka: Failing economy forces auto drivers to sell flags at Galle Face
Updated On : 16 May 2022 | 10:45 AM IST

Lankan PM hold talks with World Bank, ADB as India delivers diesel shipment

Sri Lanka's Prime Minister Ranil Wickremesinghe held discussions with representatives of the World Bank and the Asian Development Bank on the current economic crisis in the country,

Lankan PM hold talks with World Bank, ADB as India delivers diesel shipment
Updated On : 16 May 2022 | 2:21 AM IST

A turning tide for ICTT following the political turmoil in Sri Lanka

The transshipment port at Kochi sees opportunity in the Sri Lankan crisis to attract more cargo from Colombo

A turning tide for ICTT following the political turmoil in Sri Lanka
Updated On : 16 May 2022 | 6:02 AM IST

India delivers over 400,000 metric tonnes of fuel to Sri Lanka amid crisis

Amid the worst economic crisis in Sri Lanka, India took another initiative to extend support and supplied 12 shipments and over 400,000 Metric Tones (MT) of fuel to the island nation.The High Commission of India in Sri Lanka took to its Twitter handle to make the announcement of the consignment."12 shipments and more than 400,000 MT of fuel!! Latest consignment of #Diesel from #India under the credit line for fuel was delivered in #Colombo by Torm Helvig today," the High Commission of India in Colombo tweeted.Earlier, on Thursday, India extended its support by supplying 65,000 metric tons of urea to the island nation.The Sri Lankan High Commissioner to India, Milinda Moragoda, held a meeting with the Secretary in the Department of Fertilizers of India Rajesh Kumar Chaturvedi where the issue was discussed, reported Daily Mirror."High Commissioner Milinda Moragoda met with the Secretary to the Department of Fertilizers of India Rajesh Kumar Chaturvedi and thanked him for India's ...

India delivers over 400,000 metric tonnes of fuel to Sri Lanka amid crisis
Updated On : 15 May 2022 | 4:24 PM IST

Sri Lanka protests seeking political change should continue, says new PM

The Prime Minister said the 'Gota Go Gama' protest should be continued to bring a change in the political system in the country and let the country's youth take the responsibility to lead

Sri Lanka protests seeking political change should continue, says new PM
Updated On : 15 May 2022 | 3:04 PM IST

Gotabaya urges lawmakers to work together to solve Lankan 'dire straits'

In his remarks on the occasion of Vesak Poya Day, the President said: "We must be mindful of the current situation and unite around a programme that can deliver a fair determination to all"

Gotabaya urges lawmakers to work together to solve Lankan 'dire straits'
Updated On : 15 May 2022 | 1:31 PM IST

Pakistan will go ahead with tour of crisis-hit Sri Lanka, says PCB

The Pakistan Cricket Board has assured its Sri Lankan counterparts that it had no hesitation touring the country for a two-Test series in late July-August, despite the ongoing unrest in the country

Pakistan will go ahead with tour of crisis-hit Sri Lanka, says PCB
Updated On : 14 May 2022 | 6:29 PM IST

Protests intensify in Sri Lanka amid acute shortage of LPG cylinders

Amidst the ongoing economic catastrophe in Sri Lanka, the inaccessibility to LPG cylinders for over a month has resulted in locals' protest outside Slave Island PS in Colombo on Saturday.

Protests intensify in Sri Lanka amid acute shortage of LPG cylinders
Updated On : 14 May 2022 | 5:23 PM IST

New SL PM invites Oppn to join hands to resolve country's worst crisis

Sri Lanka's new Prime Minister Ranil Wickremesinghe has urged the main Opposition Samagi Jana Balawegaya (SJB) leader to leave aside party politics and join hands with him to form a non-partisan govt

New SL PM invites Oppn to join hands to resolve country's worst crisis
Updated On : 14 May 2022 | 3:53 PM IST

Sri Lanka's ruling SLPP party decides to back PM Ranil Wickremesinghe

Sri Lanka's ruling SLPP party has decided to offer crucial support to new Prime Minister Ranil Wickremesinghe, who has just one seat in Parliament, to help him prove a majority in the House. The 73-year-old United National Party (UNP) leader was appointed as Sri Lanka's 26th prime minister on Thursday as the country was without a government since Monday when President Gotabaya Rajapaksa's elder brother and prime minister Mahinda Rajapaksa resigned after violence erupted following an attack on the anti-government protesters by his supporters. We have political differences with him, but he is known as someone with international support to pull this country out of the economic problems we are facing," S M Chandrasena, a former minister and a senior leader of ruling Sri Lanka Podujana Peramuna (SLPP) party, told reporters. We see queues everywhere as we go about, we have to end this. I will support Ranil Wickremesinghe as he tries to handle the economic crisis," Premanath Dolewatta, ...

Sri Lanka's ruling SLPP party decides to back PM Ranil Wickremesinghe
Updated On : 14 May 2022 | 3:01 PM IST

India extends support to Sri Lanka, to supply 65,000 MT of urea

Both Moragoda and Kumar Chaturvedi discussed possible ways and measures to ensure that chemical fertilizers from India to Sri Lanka are supplied continuously under the existing Credit Line and beyond

India extends support to Sri Lanka, to supply 65,000 MT of urea
Updated On : 14 May 2022 | 1:34 PM IST

Experts warn against China's debt-trap diplomacy, cite Sri Lanka's example

Sri Lankan leaders have promoted large-scale investments from China which has boosted Beijing's debt-trap diplomacy

Experts warn against China's debt-trap diplomacy, cite Sri Lanka's example
Updated On : 14 May 2022 | 10:54 AM IST

Sri Lankan protestors continue anti-govt campaign as new PM takes charge

On Friday, Wickremesinghe held talks with foreign envoys representing India, Japan, the United States and China, his office said

Sri Lankan protestors continue anti-govt campaign as new PM takes charge
Updated On : 14 May 2022 | 2:46 AM IST

UK advises against travel to Sri Lanka amid political instability

The UK has advised its citizens against traveling to Sri Lanka amid the ongoing political and economic instability."The FCDO advises against all but essential travel to #Sri_Lanka, due to ongoing political and economic instability. This advice does not apply to airside transit through Sri Lanka's international airport," the UK Foreign, Commonwealth & Development Office (FCDO) said in a statement."If you are in Sri Lanka at this time, or considering travel, you should avoid all protests and follow the advice of local authorities," it added.This comes as the State of Emergency has been declared and an island-wide curfew is in place. Several incidents took place on May 9 involving violence against protesters, including in the Galle Face area in Colombo, that resulted in the death of several people."There have been a number of protests since 31 March 2022. Further protests are likely to take place across the island. The Government of Sri Lanka may impose local restrictions at short .

UK advises against travel to Sri Lanka amid political instability
Updated On : 13 May 2022 | 11:49 PM IST