Dr. Srimal Fernando, an academic specialist in international relations and an adviser on new regional diplomacy, says the economic crisis in the country is a big concern.RELATED STORIES The price of Ukraine crisis: Human and economic despair Video 14:38, 24-Feb-2025 Expert expres...
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Sri Lanka is currently in an economic and political crisis of mass proportions, recently culminating in a default on its debt payments. The country is also nearly at empty on their foreign currency reserves, decreasing the ability to purchase imports and driving up domestic prices for goods. ...
Sri Lanka striving to grow without divisions, President on Independence Day 3 min read People Sri Lanka's SEC pays tribute to ex-Chairman Ken Balendra 2 min read Economic Crisis IMF says Sri Lanka’s SOEs could remain state-owned or privatized The new government halted the SriLankan Airlines...
SRI LANKA ECONOMIC CRISIS - THE SYMPTOMS, CAUSES, AND POSSIBLE CURESC. N., NimalNamboodiripad, NiyatiInternational Journal of Business Ethics in Developing Economies
How did Sri Lanka get here? Critics say the roots of the crisis, the worst in several decades, lie in economic mismanagement by successive governments that created and sustained a twin deficit – a budget shortfall alongside a current account deficit. Twin deficits signal that a country’s nati...
Fitch Ratings yesterday downgraded the state-owned Sri Lanka Insurance Corporation's (SLIC) Insurer Financial Strength (IFS) Rating to 'CC', from 'CCC+', and has placed the rating on Rating Watch Negative (RWN). SLIC's National IFS Rating of 'AA...
ECONOMYNEXT- Sri Lanka President Ranil Wickremesinghe has said the Buddha’s philosophy will help in a time of economic crisis and called on people to join together. “At this juncture of the country’s unprecedented economic crisis, the timeless philosophy of the Buddha becomes a source of so...
Sri Lanka's central bank has laid out the extent of the country's worst economic crisis in more than 70 years. In its annual report, the bank outlined how last year wages failed to keep up with the soaring cost of everything from food to fuel. ...
The Lanka Premier League 2022 was on Sunday postponed indefinitely owing to the ongoing economic crisis in Sri Lanka. Initially, the third edition of the LPL was scheduled to begin on August 1 and conclude by August 21.