Sri Lanka's economy worsens, Forex reserves plummeting to USD 500 million

Apr 04, 2022

Colombo [Sri Lanka], April 4 : Financial crisis in Sri Lanka continues to worsen with the Forex reserves plummeting to USD 500 million.

Sri Lanka to experience 10-hour daily power cuts

Mar 30, 2022

Colombo [Sri Lanka], March 30 : Amid the financial crisis, Sri Lanka will be experiencing 10-hour daily power cuts from Wednesday, announced Public Utilities...

Sri Lanka urges Islamabad to expedite release of financial assistance offered in 2021

Apr 12, 2022

Colombo [Sri Lanka], April 12 : Amid the growing economic crisis in Sri Lanka, Colombo has requested Islamabad to expedite the pending financial assistance...

Sri Lanka to witness 12-hour power cuts as economic crisis worsens

Mar 31, 2022

Colombo [Sri Lanka], April 1 : Amid the financial crisis, Sri Lanka will be witnessing 12-hour power cuts in several areas on Friday, announced...

Sri Lanka could go bankrupt this year as inflation rises to record levels: Report

Jan 09, 2022

Colombo [Sri Lanka], January 9 : Sri Lanka is facing a deepening financial and humanitarian crisis that could lead it to bankruptcy in 2022...

Sri Lanka's foreign exchange crisis gets compounded by China's debt-trap diplomacy

Jan 12, 2022

Colombo [Sri Lanka], January 13 : Sri Lanka's foreign exchange crisis is compounded by its inability to meet the financial obligations initiated in co-operation...