Sri Lanka survive Afghanistan scare to reach Asia Cup Super Four
Needing to overhaul a target of 292 in 37.1 overs to oust Sri Lanka on net run-rate, Afghanistan fell agonisingly short as Mujeeb Ur Rahman holed out with three needed from the…
Sri Lanka
Sri Lankan inflation halves to 4.6 per cent
Since June, Sri Lanka's inflation has come down sharply from the runaway levels seen earlier, also helped by a stronger rupee currency, which has lowered the costs of fuel, power…
Sri Lankans migrate in thousands as bankrupt nation struggles
The South Asian nation’s 22 million people suffered desperate shortages of essentials in 2022 after the government ran out of dollars to finance imports, including life-saving…
Inflation eases sharply in Sri Lanka
This week, the government unveiled a debt restructuring plan which offers a 30 per cent haircut for international sovereign bondholders, who account for more than a quarter of Sri…
Sri Lanka likely Asia Cup venue after India-Pakistan row: official
India and Pakistan have not met on either side’s soil since 2012, and only play each other in international tournaments on neutral grounds.
President’s Japan visit signals Sri Lanka’s tilt towards Asia for economic recovery
This pronounced tilt towards Asia has been viewed as a significant evolution in Sri Lanka’s foreign policy.
Thailand ready to offer help, Prayut tells Sri Lankan PM
Gunawardena has asked Prayut to invest in the “Port City Colombo” project, saying Sri Lanka can profit from Thailand’s expertise hospitality.
ADB grants $350 million loan for Sri Lanka
The loan will help stabilise the economy of the South Asian nation after Sri Lanka ran out of foreign currency and defaulted on its $46 billion debt over a year ago.
India extends $1 billion credit line for Sri Lanka by a year
Sri Lanka's reserves dropped to record lows in April last year, triggering its worst financial crisis since independence from British colonial rule in 1948.
Japan must lead efforts to expedite Sri Lanka’s debt restructuring
In addition to smouldering financial instability in Europe and the United States, the debt issue has become a flashpoint for the global economy.