Page 26 - Economic Crisis

Sri Lankan prez appoints 17 ministers in Cabinet to fight economic crisis

The new Ministers have been appointed with the aim to ensure the smooth functioning of the administration

Sri Lanka's largest business group opposes decision to close stock market

On Saturday, the SEC announced that it had decided to direct the Colombo Stock Exchange to temporarily close the stock market for a period of five business days starting April 18

Indian tea companies smell opportunity as Sri Lanka crisis brews

Island nation largest orthodox tea supplier, exporting over 95% of its production, according to ICRA report

Sri Lanka army says will uphold constitution, not interfere with protests

The Army's statement comes after former Army Commander Sarath Fonseka commented that the troops must not obey illegal orders inferring a crackdown on the protesters

Twitterati ask Musk to buy Sri Lanka instead of Twitter for $43bn

Twitter users want Tesla CEO Elon Musk to acquire Sri Lanka instead of the microblogging site for $43 billion, as the country faces its worst economic crisis since its Independence.

Police sergeant arrested for joining Galle Face protest in Sri Lanka

A Sri Lankan Police sergeant, who was arrested for joining the protest at the Galle Face Green area in uniform and making a statement to the media, has been released on bail

Pak under Rs 60 bn burden as Shehbaz Sharif rejects proposal for fuel hike

Pakistan Prime Minister Shehbaz Sharif has put an additional burden of around Rs 30 billion on the exchequer by turning down the oil and gas authority's proposal to increase the fuel prices

SL protesters call Rajapaksa govt tyrant, full of nepotism amid protests

A massive crowd continues to remain gathered at Galle Face, the main beachfront in the capital Colombo, outside Sri Lankan President's secretariat to protest amid economic crisis

MK Stalin urges Centre to allow TN govt to ship essentials to Sri Lanka

TN CM MK Stalin on Friday urged the Central government to allow the state government to ship essential commodities from Thoothukudi port to the Sri Lankan Tamils amid the unprecedented economic crisis

Nepal finance minister invites non-residents to open dollar accounts

The Nepal government has urged Nepalese residing in foreign countries to open dollar accounts in banks in the country and make investments amidst the economic crisis in the Himalayan nation.

Sri Lanka starts fuel rationing amidst severe economic crisis: Report

According to the Ceylon Petroleum Corporation (CPC) statement, now motorcycles and other two-wheelers can purchase fuel upto worth Rs 1,000 per visit to a fuel station

Sri Lanka starts fuel rationing amidst severe economic crisis

According to the Ceylon Petroleum Corporation (CPC) statement, now motorcycles and other two-wheelers can purchase fuel upto worth Rs 1,000 per visit to a fuel station

Sri Lanka seeks up to $4 bn ahead of IMF talks; Pak to name finance chief

The island nation is looking at making a "decent case" before the International Monetary Fund to help preserve the economy, Finance Minister Sabry said

Sri Lankan protestors celebrate traditional New Year near Gotabaya's office

Sri Lankans shared milk rice and oil cakes to celebrate their traditional new year on Thursday opposite the president's office, where they camped out for a sixth day demanding his resignation

What's happening in Sri Lanka and how did the economic crisis start?

The island nation of Sri Lanka is in the midst of one of the worst economic crises it's ever seen

Sri Lankan PM Mahinda Rajapaksa says govt ready for talks with protesters

Sri Lankan Prime Minister Mahinda Rajapaksa has said his government is ready to hold discussions with youth who are holding protests at the Galle Face Green

S&P lowers Sri Lanka's sovereign rating to 'CC' indicating looming default

Suspension of external debt servicing by country triggers action

Sri Lankan protesters reject PM Mahinda Rajapaksa's offer for talks

Social media posts from the participants said they were unwilling to have any talks unless the Rajapaksas quit from all positions in the government

BS Number Wise: From bad to worse, tracking Sri Lanka's economy

The country is drowning in debt and the currency can buy little in a worsening crisis

Protests intensifies in Colombo against Sri Lankan govt amidst crisis

Protests in Colombo intensified on Tuesday against the Sri Lankan government amidst the ongoing economic crisis, despite Prime Minister Mahinda Rajapaksa's appeal to the people