Page 48 - Sri Lanka

Sri Lanka resumes bailout discussions with IMF, finance ministry says

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday.

SL foreign trade up despite economic crisis; exports to India grow 21%

Sri Lanka's exports grew 21 per cent during the first six months of the year and earned USD 5 billion for the crisis-hit country, according to official figures released on Friday. Sri Lanka's exports to India too witnessed an over 21 per cent increase assisted by increased exports of animal feed (19.26 per cent), Arecanuts (95.96 per cent) and textile (47.76 per cent) during January to June, the Export Development Board said. India is placed third behind the US and UK as the biggest export market for Sri Lanka. Exports to the United States, Sri Lanka's single largest export destination, increased by 46.16 per cent to USD 323.65 million compared to the month of June 2021. The better performance was led by an increase in exports of apparel & textile (29.68 per cent) and coconut-based products (26.8 per cent), according to a press release. The exports to US recorded USD 1,687.73 million worth of exports in the period of January to June 2022 a significant year-on-year increase of ...

AP will not become like Sri Lanka as debt is lower than Centre: YSRCP

YSR Congress Party general secretary V Vijay Sai Reddy on Thursday said Andhra Pradesh will not become like Sri Lanka as its debt is much lower than the Centre and within the permissible limit

Sri Lankan President prorogues Parliament with effect from midnight

The prorogation means all current business before the House are suspended and all proceedings pending at the time are quashed except impeachments.

'Will safeguard interests': MEA on Chinese vessel's planned visit to Lanka

In the backdrop of reports of a proposed visit by a Chinese vessel to Sri Lanka's Hambanthota port next month, India on Thursday said it monitors any development having a bearing on its security

SL Prez says his govt will focus on fixing economy, ending fuel shortage

Sri Lankan President Ranil Wickremesinghe has said his government's main priorities are to fix the country's ailing economy and end the fuel shortage that has exacerbated after the last shipment

Sri Lanka Crisis: Are Indian states on the same path to economic distress?

The RBI, in a report in June 2022, said that several Indian states are posting worrisome numbers, mainly due to populist measures

Singapore allows ex-Lankan President Gotabaya to extend stay by 14 days

The Singapore government has allowed former Sri Lankan president Gotabaya Rajapaksa to extend his stay in the country for another 14 days after he fled the crisis-hit island nation

India reacted swiftly to help Sri Lanka: USAID administrator Samantha Power

The USAID administrator also referred to India's Line of Credit of $3.5 bn to Sri Lanka and other assistance to help the country steer its economy out of default and further collapse

LIVE news updates: Covid virus jumped to humans at Wuhan mkt, find studies

Live news updates:The findings may quash the theory that the virus leaked from the lab at the infamous Wuhan Institute of Virology

PM Narendra Modi congratulates Lanka Prez; assures support in recovery

Wickremesinghe, 73, was on Thursday sworn in as Sri Lanka's eighth president after he was elected by lawmakers

Former president Gotabaya Rajapaksa to return: Sri Lankan Minister

"I don't agree that the former President is in hiding in Singapore because he had followed the official procedure and gone to Singapore obtaining an legitimate visa," the Minister said

SL to restrict fuel imports for one year amid worst economic crisis: Min

All petrol station owners of CEYPETCO and LIOC have been asked to adopt QR system immediately and distribution will be strictly enforced to fuel stations, says minister

Here's what to expect in crisis hit-Sri Lanka with a new president in power

Ranil Wickremesinghe told reporters last week that he was no ally of Rajapaksa and his family, who led the nation for most of this decade

Sri Lanka's Presidential Secretariat resumes operations after 100 days

Sri Lanka's Presidential Secretariat, which was stormed by a sea of anti-government protesters in early July, resumed operation from Monday, 100 days after the building's entry gate was blocked

Sri Lanka says rollout of national fuel pass QR code system delayed

Sri Lanka's Information and Communication Technology Agency (ICTA) announced that the rollout of the national fuel pass QR code system will be delayed

India extends 222 LoCs worth $14.07 bn in Africa, 37 LoCs to neighbours

The LoCs projects in African nations are spread across sectors roads, railways, power, ports and shipping, education, telecom, health, and aviation

Criminal complaint filed against Rajapaksa in Singapore for 'war crimes'

South Africa-based rights group has submitted a criminal complaint to the Attorney General of Singapore requesting the arrest of former Sri Lankan President, Gotabaya Rajapaksa, for alleged war crimes

Lanka protest site untouched, Wickremesinghe tells diplomatic community

Sri Lanka's newly-elected President Ranil Wickremesinghe has reaffirmed his commitment to uphold the rights of peaceful and non-violent assembly

China Belt & Road spend in Russia, Sri Lanka falls to zero: Report

Financing and investments were at $28.4 billion in the first six months, compared with $29.4 billion in the same period a year earlier