Shipping giant changes course to save Sri Lanka whales
Animal rights activists on Friday cheered a move by a shipping giant to alter course in Sri Lankan waters to avoid collisions with blue whales, the world’s largest mammals.
World Bank refuses new funding for bankrupt Sri Lanka
The World Bank said Friday it would not offer new funding to Sri Lanka unless the bankrupt island nation carried out “deep structural reforms” to stabilise its crashing economy.
PLDT extends free calls and data to Filipinos in Sri Lanka
Telco giant PLDT is extending load assistance to its Filipino users in Sri Lanka amid continuing nationwide protests there.
Bankrupt Sri Lanka asks Putin for fuel, tourists
Sri Lanka has asked Russia to provide fuel and resume tourist flights to help the country weather its unprecedented economic crisis, President Gotabaya Rajapaksa said Wednesday.
Sri Lankans return to cooking with firewood as economy burns
As once relatively wealthy Sri Lanka suffers a dire economic crisis with shortages of everything from medicines to gas, people are returning to cooking with firewood.
Sri Lanka admits bankruptcy, warns of crisis through 2023
Sri Lanka is bankrupt and the acute pain of its unprecedented economic crisis will drag on through the end of next year, Prime Minister Ranil Wickremesinghe told parliament Tuesday.
Sri Lanka grinds to a halt as fuel reserves shrink
Sri Lanka has less than a day’s worth of fuel left, the energy minister said Sunday, with public transport grinding to a halt as the country’s economic crisis deepened.
Sri Lanka banks on ‘Casino King’ to woo investors
Cash-strapped Sri Lanka’s president Friday appointed the island’s biggest casino operator Dhammika Perera as Investment minister with responsibility over a Chinese-funded tax-free enclave in the impoverished South Asian nation. The 54-year-old businessman known as Sri Lanka’s “Casino King” was sworn in by President Gotabaya Rajapaksa at his sea-front residence to attract foreign capital into the […]
How Sri Lanka’s economy went into a tailspin
Sri Lanka is suffering its worst economic crisis since its independence from Britain in 1948. Months of lengthy blackouts and acute shortages of food, fuel and medicines have infuriated the public, with huge protests demanding the government’s resignation turning violent this week. AFP reviews the origins of the snowballing economic calamity in the South Asian […]
Sri Lanka economy will ‘collapse’ if no new govt in 2 days: central bank
Sri Lanka’s economy will “collapse beyond redemption” unless a new government is appointed within two days to restore political stability, the central bank chief said Wednesday. He said the latest wave of mob violence derailed the bank’s recovery plans, and the resignation of the prime minister on Monday and the lack of a replacement were […]
