Rome/Islamabad: An Italian publication has revealed that Pakistan, which has also been combating an economic crisis, is following the same path as Sri Lanka which will eventually lead the country to fall into the Chinese debt trap.
New York: Sri Lanka is experiencing a multidimensional economic crisis, which is compounded by food insecurity, rising protection concerns and shortages threatening lives and livelihoods, the UN said on Thursday, appealing for $47.2 million to provide life-saving assistance.
Colombo: Former Sri Lankan Prime Minister Mahinda Rajapaksa, his politician son Namal and 15 allies have been banned from leaving the country in connection with an investigation into acts of violence against anti-government demonstrators, a Sri Lankan court has ruled, media reports said.
Colombo: Troubled Sri Lankan President Gotabaya Rajapaksa is likely to name a new prime minister on Thursday in a bid to steer the debt-ridden country out of grave economic crisis after days of violence, Khaleej Times reported.
Colombo: Sri Lanka’s Federation of University Teachers’ Association (FUTA) has decided to participate in a day-long strike on Tuesday in support of the ongoing Galle Face protest which demanded the resignation of the President and the government, media reports said.
Colombo: Sri Lanka has run out of foreign exchange and its government on Tuesday announced that it will be defaulting on all its external debt $51 billion as a last resort to prevent further deterioration of its financial position.
Colombo: People protesting against the Sri Lankan government over the acute shortage of essential commodities and the current economic crisis have renamed the agitation site near the presidential secretariat "Gota Go Gama".
New York: Following this week’s crackdown on non-violent demonstrations in Sri Lanka, independent UN human rights experts urged the government on Friday to “ensure that all human rights be respected and protected” and guarantee the fundamental rights of peaceful assembly and expression.
An Indian businessman is trying to help people in Sri Lanka, who are facing a severe economic crisis, under the company's Corporate Social Responsibility (CSR), media reports said.
New York: The UN human rights office (OHCHR) on Tuesday urged authorities in Sri Lanka to defuse tensions peacefully, after a state of emergency was declared in response to protests over the country’s deepening economic crisis.
Colombo: Amid a deepening economic crisis and growing public unrest, Sri Lanka's finance minister Ali Sabry has resigned a day after being sworn in.
Sri Lanka is steadily plunging into a deep economic emergency but the unfolding crisis can act as an eye opener for those nations who are heavily depending on China's loans with the belief that the borrowing from the Asian giant can catapult them to prosperity.
As Sri Lanka grapples with acute shortages of energy and essential goods amid its worst economic crisis, the country's people are fleeing to neighboring India for survival.
The Covid-19 pandemic has left Sri Lanka in a deep economic crisis, pushing at least half a million people into poverty amid soaring inflation that has forced a large chunk of the population to cut down on food and fuel requirements.