Page 21 - Economic Crisis

Sri Lanka down to last day of petrol stock: PM tells crisis-hit nation

On Monday, Ranil Wickremesinghe called for patience, saying the economic crisis would get worse in coming months

Sri Lanka to impose 9-hour curfew from 8 pm today amid raging violence

Sri Lankan government will impose a curfew from 8 pm on Monday till 5 am Tuesday, local media reported on Monday.

Crisis-hit Sri Lanka stumbles toward its first default on foreign debt

The island nation could be formally declared in default if it fails to make an interest payment to bondholders before Wednesday, when the 30-day grace period for missed coupons on dollar bonds ends

Sri Lanka: Failing economy forces auto drivers to sell flags at Galle Face

Faced with economic hardship, Colombo-based taxi and auto drivers are now forced to sell the national flag at the protest site Galle Face for their livelihood

India delivers over 400,000 metric tonnes of fuel to Sri Lanka amid crisis

Amid the worst economic crisis in Sri Lanka, India took another initiative to extend support and supplied 12 shipments and over 400,000 Metric Tones (MT) of fuel to the island nation.The High Commission of India in Sri Lanka took to its Twitter handle to make the announcement of the consignment."12 shipments and more than 400,000 MT of fuel!! Latest consignment of #Diesel from #India under the credit line for fuel was delivered in #Colombo by Torm Helvig today," the High Commission of India in Colombo tweeted.Earlier, on Thursday, India extended its support by supplying 65,000 metric tons of urea to the island nation.The Sri Lankan High Commissioner to India, Milinda Moragoda, held a meeting with the Secretary in the Department of Fertilizers of India Rajesh Kumar Chaturvedi where the issue was discussed, reported Daily Mirror."High Commissioner Milinda Moragoda met with the Secretary to the Department of Fertilizers of India Rajesh Kumar Chaturvedi and thanked him for India's ...

Sri Lanka protests seeking political change should continue, says new PM

The Prime Minister said the 'Gota Go Gama' protest should be continued to bring a change in the political system in the country and let the country's youth take the responsibility to lead

Gotabaya urges lawmakers to work together to solve Lankan 'dire straits'

In his remarks on the occasion of Vesak Poya Day, the President said: "We must be mindful of the current situation and unite around a programme that can deliver a fair determination to all"

Pakistan will go ahead with tour of crisis-hit Sri Lanka, says PCB

The Pakistan Cricket Board has assured its Sri Lankan counterparts that it had no hesitation touring the country for a two-Test series in late July-August, despite the ongoing unrest in the country

New SL PM invites Oppn to join hands to resolve country's worst crisis

Sri Lanka's new Prime Minister Ranil Wickremesinghe has urged the main Opposition Samagi Jana Balawegaya (SJB) leader to leave aside party politics and join hands with him to form a non-partisan govt

India extends support to Sri Lanka, to supply 65,000 MT of urea

Both Moragoda and Kumar Chaturvedi discussed possible ways and measures to ensure that chemical fertilizers from India to Sri Lanka are supplied continuously under the existing Credit Line and beyond

Sri Lankan protestors continue anti-govt campaign as new PM takes charge

On Friday, Wickremesinghe held talks with foreign envoys representing India, Japan, the United States and China, his office said

Sri Lanka Oppn to aid PM Wickremsinghe's recovery programme from outside

We cannot become a part of this Rajapaksa-Wickremesinghe government," Wimal Weerawansa, a legislator for the independent group from President Gotabaya Rajapaksa's SLPP said.

Economic crisis to get worse before it gets better: Lanka PM Wickremesinghe

Appealing to the world for more financial help, he said 'there won't be a hunger crisis, we will find food'.

Lanka PM meets ambassadors, discusses formation of int'l forum for aid

Prime Minister Ranil Wickremesinghe on Friday met with ambassadors of India, Japan, the US and China and discussed the formation of an international forum for financial assistance to the debt-ridden island nation engulfed in the worst economic crisis since its independence in 1948. Wickremesinghe, 73, was sworn-in as Sri Lanka's 26th prime minister on Thursday to stabilise the country's ailing economy and end the political turmoil. PM Ranil Wickremesinghe met Ambassadors of Japan, USA, China & Indian HC today & discussed forming an international forum for financial assistance to SL. The Japanese Ambassador to leave for Japan tomorrow to discuss SL situation - PM Media, Sri Lankan news website Hiru News English said in a tweet. Indian High Commissioner Gopal Baglay on Friday became the first foreign envoy to call on Wickremesinghe and discussed with him the current situation in the country. Wickremesinghe has said he is looking forward to closer ties with India during his term

Sri Lanka's new PM Wickremesinghe says will resolve economic crisis

"I want to settle this problem to ensure the supply of petrol, diesel and electricity to the people," said Wickremesinghe, as reported by Colombo Page

Indian High Commission in Sri Lanka denies stopping issuance of visas

The High Commission said the disruption was caused by operational difficulties due to the inability of Visa Wing staff and it was striving to return to its normal functioning soon

Indian envoy calls on new Sri Lankan PM Wickremesinghe, discusses crisis

Wickremesinghe, 73, was sworn-in as Sri Lanka's 26th prime minister on Thursday to stabilise the country's debt-ridden economy and end the political turmoil

Talks planned for India to restructure $1.3 bn credit line to Sri Lanka

Standard & Poor's has downgraded Sri Lanka's long-term foreign currency sovereign credit rating to selective default

Will not take any post in a govt with President Rajapaksa: Sarath Fonseka

Field Marshal Sarath Fonseka on Thursday categorically refused to accept any post in a government headed by President Gotabaya Rajapaksa. Fonseka, who is credited with the annihilation of the LTTE, strongly condemned any attempt to mislead the public through false propaganda after it was reported that the President had contacted Samagi Jana Balawegaya (SJB) MP to offer premiership to him. I categorically refuse to accept any post in a government headed by Gotabaya Rajapaksa, he said. In a statement on his official Facebook account, Fonseka strongly condemned any attempt to mislead the public through false propaganda. I, too, stand unconditionally on the main demands of the entire Sri Lankan nation through a peaceful, non-violent people's struggle. Field Marshal Fonseka said he is extremely sensitive to the demands of the anti-government protesters at Galle Face, close to the Presidential Secretariat, who have raised their voices on behalf of the country, the public, and future ...

Sri Lanka crisis: Gotabaya Rajapaksa ready to abolish executive presidency

Sri Lanka President Gotabaya Rajapaksa announced that he is ready to abolish the executive presidency after discussing the issue with the Opposition regarding the formation of the new government