Page 40 - Sri Lanka

India emerges as Sri Lanka's top lender in 2022, think tank report says

India has emerged as the top lender to Sri Lanka in 2022, disbursing USD 377 million in loans to the island nation as it grappled with an unprecedented political crisis and economic turmoil, according to the Verite Research think-tank. The Asian Development Bank follows India with USD 360 million in loans. They account for 76 per cent of total disbursements from January to April 2022. Out of a total disbursement of loans amounting to USD 968 million in the first four months this year, India with a contribution of USD 377 million has emerged as Sri Lanka's largest bilateral lender, Verite Research, a Colombo-based independent interdisciplinary think-tank providing strategic analysis and advice for governments and the private sector in Asia, said. Between 2017 and 2021, China has been the largest bilateral lender to Sri Lanka. In 2021, China had provided USD 947 million of which USD 809 million were borrowings from the China Development Bank. The ADB has been the largest multilateral

Sri Lanka's GDP likely plunged amid debt crisis, political turmoil

Gross domestic product probably fell 10% in the three months to June from a year ago, according to a Bloomberg survey of economists as of Wednesday

This shipping company is rerouting its ships. To save blue whales

The Mediterranean Shipping Company (MSC) has started to re-route its ship on the shipping lanes off the Sri Lankan coast in a bid to save the massive blue whales

Lazard in talks with China, India, Japan on restructuring Sri Lanka's debt

The three countries hold about $13 billion of Sri Lanka's debt, while China is Sri Lanka's largest bilateral creditor

6.3 mn people in SL facing moderate to severe acute food insecurity: Report

An estimated 6.3 million people in Sri Lanka are facing moderate to severe acute food insecurity and their situation is expected to worsen if adequate life-saving assistance is not provided

Lanka's ousted prez returns to social media to laud victorious cricket team

Gotabaya Rajapaksa has returned to social media to tweet about the stunning victory of Sri Lanka's national cricket team over Pakistan, over two months after the former president fled the country amidst massive protests against his government. Sri Lanka crushed Pakistan by 23 runs to win their sixth Asia Cup title in Dubai on Sunday, bringing much cheer to the people of the crisis-hit island nation who have been hit hard by the worst economic crisis. "Congratulations to the #lka cricket team on the win against #Pakistan in the #AsiaCup2022Final in Dubai. The commitment and teamwork shown by the #SriLankan team have been remarkable," Rajapaksa, who returned to Colombo from Thailand on September 2 tweeted on Sunday. His last tweet as president was on July 8 to condole the death of former Japanese Prime Minister Shinzo Abe. However, the 73-year-old was also trolled by some for his tweet from the "Official Twitter Account of The 7th Executive President of Sri Lanka," indicating that he

Sri Lanka, Pakistan, Maldives stand neck-deep in Chinese debt: Forbes

The world's low-income countries owe 37 per cent of their debt to China in 2022, compared to just 24 per cent in bilateral debts to the rest of the world

Sri Lanka's Asia Cup star Rajapaksa dedicates title to crisis-hit citizens

Sri Lanka's Asia Cup winning hero Bhanuka Rajapaksha, whose stellar show with the bat played a pivotal role in his side's sensational Asia Cup victory, has dedicated the title to his crisis-hit island nation. Sri Lanka defeated Pakistan by 23 runs in the summit clash on Sunday night to clinch the Asia Cup crown after 2014, their sixth overall. Batting first, Sri Lanka were reduced to 67 for 5, but made a brilliant turnaround riding on Rajapaksha (71 off 45 balls) and Wanindu Hasaranga (36 off 21 balls) to reach a competitive 170 for 6. "We always wanted to show the world - a couple of decades back, we had aggression in our side, and we wanted to create those moments (again) as a unit," a beaming Rajapaksa said at the post match press conference. "Looking forward, we want to keep up this momentum ahead of the World Cup. With the crisis happening back home, this is a tough time for all the Sri Lankans, but hope we brought some smiles on the faces of our people." "This is to the whol

Putin will love seeing lots of western Europeans protest this fall

This fall, civil unrest is likely to heat up in 101 countries (out of 198 monitored), according to an index developed by Verisk Maplecroft, a research firm

Bailout euphoria by IMF signals peak of pessimism in emerging markets

The IMF has been sewing up or inching toward loan agreements with some of the most vulnerable nations -- namely Pakistan, Sri Lanka, Zambia, Egypt and Chile -- after months of negotiations

Over 200,000 Sri Lankans left for foreign jobs in 2022 so far: Official

Sri Lanka's Minister of Labour and Foreign Employment Manusha Nanayakkara said that more than 200,000 Sri Lankans have left for foreign jobs in 2022 so far

Sri Lankan Navy thwarts illegal migration attempt, detains 85 people

Sri Lankan Navy on Sunday detained over 80 people who were trying to migrate illegally to a foreign country by boat in eastern waters, local media reported citing the Navy.

Sri Lankan President Wickremesinghe to attend Queen Elizabeth's funeral

Sri Lankan President Ranil Wickremesinghe on Sunday signed the condolence book at the British High Commission in Colombo and extended his deepest condolences on the passing away of Queen Elizabeth II

Sri Lankan Prez says Govt won't oppose Bill to decriminalise homosexuality

Sri Lankan Pres Ranil Wickremesinghe said that the government will not oppose the Private Member's Bill presented to Parliament to decriminalise homosexuality

Visiting USAID head urges China to assist Sri Lanka's debt restructuring

Visiting USAID Administrator Samantha Power on Sunday urged China, among other creditors, to assist Sri Lanka in restructuring debts to recover

Sri Lanka's economic crisis powers 22% spike in Indian orthodox tea exports

Sri Lanka accounts for half the global trade in orthodox teas. Sources say exports from India could pick up further in second and third quarters, will help meet target of 240 mkg by year-end

Asia Cup Final 2022: Live streaming, How to watch Pakistan vs Sri Lanka?

Asia Cup 2022: Pakistan cricket team is all set to avenge their defeat against Sri Lanka in the finals. Read this detailed report on where can you live stream the match or enjoy the live telecast

Asia Cup Final 2022, SL vs PAK: Preview, predicted 11, pitch and weather

Asia Cup Final 2022, SL vs. PAK: Sri Lanka to play Pakistan after the 2014 Asia Cup final. Read this detailed report to know everything about pitch, weather, playing 11, and history between teams

Asia Cup Final 2022, SL vs PAK: Ticket prices and how to book them online

Asia Cup Final 2022, SL vs PAK: Sri Lanka and Pakistan will face each other for the fourth time in the Asia Cup finals. Read this report to know everything about ticket prices & how to buy them

Road Safety World Series 2022: Ticket price and how to book tickets?

Road Safety World Series starts today. As India get ready to defend their trophy, this report will look at ticket price, online booking, previous performance and points table