COLOMBO, Sri Lanka — The woman stood in line for more than 14 hours for a passport, desperate to escape the economic crisis engulfing Sri Lanka. 斯里兰卡科伦坡——她为了护照排了14个多小时的队,不顾一切地想要逃离席卷斯里兰卡的经济危机。 Selwi Thangawelu, a Sri Lankan mother of two, had se...
Sri Lankan President Gotabaya Rajapaksa on Friday instructed officials to utilize the COVID-19 social security fund to purchase essential medicines as the country faces a severe shortage of drugs amid an economic crisis. In a statement, the President's Media Division said Rajap...
Defaults happen when governments are unable to meet some or all of their debt payments to creditors. This damaged its reputation with lenders, making it even harder to borrow money on the international markets. "The Sri Lankan economy faced its most onerous year in its post-independence history,...
“Our economy has completely collapsed.” Prime minister Ranil Wickremesinghe to Parliament last week. One of the main causes of the economic crisis in Sri Lanka is the reliance onimportsand the amount spent on them. Let’s take a look at the numbers: ...
COLOMBO, June 8 (Xinhua) -- Sri Lankan Prime Minister Ranil Wickremesinghe discussed with Managing Director of the International Monetary Fund Kristalina Georgieva over the country's economic crisis, the prime minister's office said in a statement Wednesday. The discussions, held on Tuesday, came...
ECONOMYNEXT – Sri Lanka’s rice crisis is not caused by the use of the grain for beer, Media Minister Nalinda Jayatissa said as price controls made red rice go off the shelves into a black market ahead of the main Maha paddy harvest. ...
The Sri Lankan economic crisis has caused social unrest among its citizens, who gather outside the President’s office in Colombo on April 17, 2022. Source: Ishara S. Kodikara/AFP Many factors contributed to the economic crisis. According to experts, the crisis has been years in the making...
Sri Lankan President Gotabaya Rajapaksa agrees to resign on Wednesday, July 13. He has been shifted to Army Headquarters last night, according to NDTV. The protest is mainly due to Sri Lanka's worsening economy – Sri Lanka's prime minister Ranil Wickremesinghe said late last month that the...
ECONOMYNEXT – State-run SriLankan Airlines said it had launched an artificial intelligence (AI) powered chatbot for customer support called “Yaana”. Yaana, a Sinhalese name for an aircraft or a vessel, integrates advanced AI and natural language processing (NLP) technologies to help with a ...
COLOMBO, April 7 (Xinhua) -- A Sri Lankan court on Thursday issued an order preventing recently resigned central bank governor Ajith Nivard Cabraal from leaving the country until April 18 as the South Asian country is currently faced with an economic crisis. ...