Page 60 - Sri Lanka

Sri Lanka crisis: PM announces financial safety net for social security

Sri Lanka aims to set up a financial safety net of Rs 200 billion to provide social security support to the needy amidst the worst economic crisis in the country, PM Ranil Wickremesinghe has announced

22 per cent of Sri Lankans need food aid amid economic crisis: UN official

A total of 22 per cent of the Sri Lankan population or 4.9 million people live in need of food assistance at the moment, a high-level UN official said on Friday

IMF planning to send in-person mission to crisis-hit Lanka: spokesperson

The IMF is planning an in-person mission in the coming weeks to Sri Lanka, which is facing a very difficult economic condition, for discussions on a financial arrangement

Sri Lankan govt creates two new ministries to handle economic crisis

Sri Lankan President Gotabaya Rajapaksa has created two new ministries, including an investment ministry, to handle the worst economic crisis in the island nation

Sri Lanka amends law to eliminate competitive bidding for energy projects

The move to remove competitive bidding for energy projects has run afoul of the Opposition parties and electricity board trade unions

UN launches $47.2M SOS for Sri Lanka, warns of threat to 'social cohesion'

Warning that the crisis in Sri Lanka will affect its fragile "social cohesion", the UN has launched a $47.2 million appeal for humanitarian assistance

Adani group figures in Sri Lanka's parliamentary debate on electricity bill

The state power entity CEB engineers had given notice of a strike to protest the amendments becoming law

China praises India for helping Sri Lanka deal with economic crisis

China on Wednesday praised India for helping Sri Lanka amid the unprecedented economic crisis in the island nation that has led to a shortage of fuel and other essential items

Only India providing money, says Lankan PM; urges IMF to 'expedite' bailout

Prime Minister Wickremesinghe said that he has urged IMF chief Georgieva to "expedite" its assistance to Lanka and underlined that no country except India is providing money to the nation for fuel.

Brothers at odds, but ruling family still holds key to Lanka's future

Despite the president's order, the demonstrations against inflation, power blackouts and shortages of essentials turned deadly

Sri Lanka's ex-finance minister Basil Rajapaksa set to step down: Report

Sri Lanka's former finance minister Basil Rajapaksa has decided to step down from his parliamentary seat, as the 21st Amendment to the Constitution is ready to be tabled at the Parliament

The Lankan crisis: Forex reserves rise for first time in five months

The stockpile rose to $1.92 billion at the end of May, from $1.81 billion the previous month, according to data released by the central bank

Crisis-hit Sri Lanka seeks $55-mn loan from India for buying fertiliser

Wickremesinghe has said that within five to six months, the current agriculture shortages could be salvaged if swift action was taken to address the shortages faced by the farmers.

UN to provide $48 mn humanitarian assistance to Sri Lanka amid crisis

Sri Lanka PM Minister Ranil Wickremesinghe told Parliament on Tuesday that the UN has planned to provide humanitarian assistance of around $48 million over a four-month period

Sri Lanka PM hints at opting for fuel rationing amid economic crisis

The next three weeks are going to be "tough" for Sri Lanka over fuel supplies, PM warned, indicating that the country, which needs $3,300 million for fuel imports, may opt for its rationing

Sri Lankan Cabinet defers 21st Amendment to the Constitution by a week

Sri Lanka's Cabinet has deferred by a week the approval of the proposed 21st Amendment to the Constitution amidst stiff resistance from some members of the ruling party

Oil shock devastates poorer countries as shortages, protests mount

Sri Lanka, Laos, Nigeria and Argentina are among emerging economies in Asia, Africa and Latin America that have seen long queues at some filling stations in the past weeks because of fuel shortages

Sri Lanka President vows to finish term, won't run for re-election

"I can't go as a failed president," Rajapaksa said Monday in a wide-ranging interview at his official residence in Colombo, his first with a foreign media organization

Sri Lanka holds its breath as PM Wickremesinghe fights to save economy

Sri Lankans are struggling to access the bare necessities like food, fuel, medicine, cooking gas and even toilet paper and matches.

Sri Lankan Cabinet set to discuss 21st Amendment to the Constitution

Sri Lanka's Cabinet is set to discuss today the 21st Amendment to the Constitution to empower Parliament over the executive president