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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 […]
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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 […]
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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 […]
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Colombo: Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) has increased fuel prices to a record high. With the latest price hike on Monday, the price of Octane 92 petrol rose by 33.1 per cent to a record 338 Sri Lankan rupees ($1.04) a litre, and the price of auto diesel increased by 64.2 per cent […]
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New Delhi: 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. Many users on the platform shared their views and asked the tech billionaire to bail out the debt-ridden country. “Elon musk, if you […]
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The virtual collapse of the Sri Lankan economy comes as a wake-up call for the south Asian region with many nations battling similar woes and being sucked into the vortex of unmanageable debt. Colombo’s crisis has been in the making for more than a decade, largely due to the country’s excessive dependence on imports and […]
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By Dhananjay Tripathi The Russia-Ukraine war has stirred international politics, and we are slowly but surely entering into a new world order that will be multipolar where India’s role is critical. The recent visit of foreign dignitaries to New Delhi, including foreign ministers of China, Russia, and the UK, underlines the significance accorded to India […]
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Colombo: Amid the continued economic hardship in the country, Sri Lankan Health Ministry has said there is a shortage of some drugs and equipment in certain government hospitals. A shortage of supply of certain drugs occurred due to the delay in opening Letters of Credit in time including one given by India, Sri Lanka’s Newswire […]
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Colombo: Dismissing the possibility of a no-confidence motion like Pakistan to oust the present government in Sri Lanka, Leader of the Opposition Sajith Premadasa said that they will use their Constitutional provisions to change the government. Speaking to ANI, the Opposition leader said, “Pakistan has its own method of conducting democratic politics while we have […]
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Colombo: Calling India a “big brother”, former Sri Lankan cricketer Sanath Jayasuriya lauded the Indian government and Prime Minister Narendra Modi for sending help to the island nation as it battles the worst economic crisis since independence. “You know as always as a neighbour, the big brother of the next to our country has been […]
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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 […]
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Colombo: An emergency health situation has been declared in Sri Lanka from Tuesday because of the severe drug shortage in the country. This decision was announced after an emergency general committee meeting of the country’s Government Medical Officers’ Association (GMOA) to discuss the imposition of the emergency law and the severe drug shortage, the Daily […]
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It’s a tumultuous moment in the history of Sri Lanka whose fall from grace — from a reasonably stable economy, despite decades of ethnic war, to being caught in the worst financial crisis since independence — has shocked the world. The en masse resignation of all the 26 federal ministers amidst the raging public protests […]
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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 […]
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Colombo: Amid the ongoing unrest in Sri Lanka and ahead of a massive anti-government protest planned for Sunday, several social media users have complained of disruptions while trying to access Twitter, Facebook and YouTube, a media report said. According to a Daily Mirror report, rumours were rife since Saturday that there were plans to block […]
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Colombo: Indian Oil Corporation subsidiary in Sri Lanka on Saturday has supplied 6,000 MT of fuel to the Ceylon Electricity Board, to help ease the power crisis in the island country which is witnessing acute power cuts. The consignment of fuel is part of US 500 million oil line of credit extended by India. “Standing […]
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Colombo: Sri Lankan President Gotabaya Rajapaksa has declared a nationwide public emergency amidst a spate of protests, including outside his house, over the worst economic crisis in the island nation. Rajapaksa issued a special gazette notification late on Friday night, declaring a public emergency in Sri Lanka with immediate effect from April 1. In the […]
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Colombo: Amid the financial crisis, Sri Lanka will be experiencing 10-hour daily power cuts from Wednesday, announced Public Utilities Commission of the island nation. The Ceylon Electricity Board said in a statement that they were “compelled to take demand management measures due to inadequate power generation, as a result of fuel shortage and unavailability of […]
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Rising debt, shrinking foreign reserves, dismal fiscal and the pandemic are sinking the island nation Sri Lanka needs to make nearly $7 billion in payments on foreign loans this year. And its foreign reserves are dwindling fast. It faces huge debt obligations and is grappling with its worst economic meltdown since independence in 1948. The […]
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Grappling with the worst economic crisis since its independence, Sri Lanka gets a lifeline with India pitching in with a big help and extending a $1bn credit line to buy urgently needed food and medicines. Gestures such as this will generate goodwill for India and help in resetting the bilateral ties that suffered a strain […]
