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"economic-crisis"

  • Sri Lanka’s Defence Ministry cancels leaves of all security personnel

    Colombo: Sri Lanka’s Defence Ministry has appealed to the public to assist it in managing the current economic crisis and unrest in the country with “utmost intelligence and patience” and also cancelled the leaves of all security personnel, following the declaration of a state of emergency in the country by embattled President Gotabya Rajapaksa. In […]
  • Sri Lankan President Gotabaya Rajapaksa declares state of emergency

    Colombo: Embattled Sri Lankan President Gotabaya Rajapaksa declared a state of emergency with effect from Friday midnight, the presidential media division said, the second time in just over a month amidst growing countrywide anti-government protests over the unprecedented economic crisis. The state of emergency gives the police and the security forces sweeping power to arbitrarily […]
  • Sri Lankan President calls for political consensus to deal with economic crisis

    Colombo: Sri Lanka President Gotabaya Rajapaksa has reiterated his call for a political consensus to deal with the challenges faced by the country, local media reported. In a message to mark the International Worker’s Day, President Rajapaksa said, “Bearing the responsibility of creating a better future for the people of this country, as the Head […]
  • Opinion: A chance to reinvent international bailouts

    By Sayantan Ghosal, Dania Thomas Sri Lanka recorded the first casualties from its spiralling economic crisis several days ago, with one protester dead and 24 more injured. This was from police firing gunshots into a crowd who were demanding the removal of a government they hold responsible for the country’s predicament. At present: • Citizens […]
  • Sri Lanka’s new Finance Minister resigns in less than 24 hrs

    Colombo: Sri Lanka’s newly-appointed Finance Minister Ali Sabry resigned on Tuesday, less than 24 hours after his appointment. Sabry said he had accepted the portfolio only as an interim measure, reports Xinhua news agency. He said he was also willing to step down from his parliamentary seat if the President wished to appoint a suitable […]
  • India extends Credit, fuel, food to bail Sri Lanka out of economic crisis 

    New Delhi/Columbo: Sri Lanka is reeling under a deep economic crisis as the country’s foreign reserves have been depleted and the Rajapaksa government is struggling to pay for the import of fuel. As a result, there is an acute power shortage in the country and violent protests are being reported. The government has declared an […]
  • Cuba on the boil

    Tourism, one of the most important sectors, has been devastated by the restrictions on travel during the Covid pandemic.
  • Saudi Arabia to host online G20 summit amid pandemic, recession

    Held under the shadow of a raging pandemic, the summit is reduced to brief online sessions on pressing global issues.
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