Page 10 - Economic Crisis

Anti-government protesters vacate President's Secretariat in Sri Lanka

Sri Lankan security forces removed a group of anti-government protesters after veteran politician Ranil Wickremesinghe was sworn in as the country's new head of state

Dinesh Gunawardena likely to be Sri Lanka's next Prime Minister

Mr. Wickremesinghe will continue with the last-appointed Cabinet until Opposition parties are "ready to cooperate" in an all-party government, the source said

Since Jan, over 150,000 people left Sri Lanka for jobs abroad amid crisis

Amid uncertainty, Sri Lankans are lining up at the passport office in Colombo to get a new passport or get their old one renewed, desperate for a way out of the crisis-marred country

Ranil Wickremesinghe sworn in as the eighth president of Sri Lanka

Ranil Wickremesinghe was sworn-in as Sri Lanka's president on Thursday and will face the tough task of leading the country out of its economic crisis and restoring order after months of mass protests

Sri Lanka's economic collapse needs immediate global attention: UN experts

The experts noted that this crisis has had a serious impact on the enjoyment of human rights for the entire population

China's debt trap diplomacy responsible for economic calamity in Sri Lanka

China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation

Shoot-on-sight orders in Sri Lanka as Ranil elected President by Parliament

Nation in a very difficult situation and there are big challenges ahead, says Wickremesinghe as protesters gather outside Presidential Secretariat

IMF chief hopes to complete Sri Lanka aid talks 'as quickly as possible'

The IMF hopes to complete the negotiations with Sri Lanka on a bailout package "as quickly as possible" and the "moment there is a government" in the country, its Managing Director Kristalina Georgieva said on Wednesday, hours after the crisis-hit island nation elected a new president. Sri Lanka has been gripped by severe shortages of fuel, food and other essentials after its foreign reserves dried up. Citizens have turned their anger on the government and forced once-powerful President Gotabaya Rajapaksa to resign last week. On Wednesday, the Sri Lankan Parliament elected Acting President Ranil Wickremesinghe as his replacement. "IMF hopes to complete negotiations with Sri Lanka "as quickly as possible, & the moment there is a govt we can continue our discussions & our team will be there," Georgieva said, Hiru News reported. Wickremesinghe in his previous capacity as prime minister and finance minister has been involved in the negotiations with the Washington-based ...

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There's fear of Sri Lanka crisis spillover, says EAM S Jaishankar

To help island nation engage with IMF, other debtors, says Jaishankar after all-party meet

Major crisis in SL, naturally worry about spillover: EAM at all-party meet

"It is a matter which pertains to a very close neighbour and given the near proximity, we naturally worry about the consequences, the spillover it has for us," he added.

A first in 44 years: Lankan Parliament to directly elect President

Wickremesinghe, Alahapperuma and leftist Janatha Vimukthi Peramuna (JVP) leader Anura Kumara Dissanayake were proposed by lawmakers on Tuesday as the three candidates

Global smartphone shipments fall 9% in second qtr amid economic downturn

Global smartphone shipments fell 9 per cent (year on year) in the second quarter this year as Samsung led with a 21 per cent market share

India to invest more in Sri Lanka after crisis support of $3.8 bn: Report

India is willing to make more investments in neighbouring Sri Lanka after supporting it with $3.8 billion this year, New Delhi's envoy in Colombo told the Indian Express newspaper

Security beefed up around Sri Lankan Parliament ahead of Prez election

The security has been beefed up in and around Sri Lanka's Parliament complex on Tuesday after the Speaker lodged a complaint with the Inspector General of Police calling for a detailed investigation

Ukraine's invasion, economic crisis main concerns for Indians: Kantar rpt

In India, 37 per cent of respondents mentioned the war, followed by 29 per cent, who mentioned economic issues as their top concern

Centre to hold all-party meeting over Sri Lanka's economic crisis today

The Centre has convened an all-party meeting on Tuesday to discuss the ongoing crisis in Sri Lanka

Lanka-IMF talks almost complete, says acting President Ranil Wickremesinghe

'The negotiations with the IMF were nearing conclusion, and discussions for assistance with foreign countries were also progressing

Wickremesinghe suggests 'all-party govt' to recover from economic crisis

Acting President Ranil Wickremesinghe urged the political parties to put aside their differences and form an all-party government which would allow Sri Lanka to recover from the economic crisis

Muted protests on Gotabaya Rajapaksa's entry into Singapore amid SL crisis

Muted protests were organized by a handful of Singaporeans as ousted Sri Lankan president Gotabaya Rajapaksa arrived here last Thursday, leaving behind a economically-shattered country