Asia Sri Lanka A $55 million credit line was granted through Exim Bank of India for the purchase of approximately 65.000 tonnes of urea fertiliser under 'Neighbourhood First' programme and for financial support to the development of the Kankesanthurai port in Jaffna
Asia Sri Lanka Over 30 asset managers holding international Sri Lankan bonds have announced the formal launch of a creditor group to begin debt restructuring talks with the island nation
Asia Sri Lanka Considering the current fuel crisis the Council of Ministers approved the proposal to declare Friday a public holiday for public sector employees, with the exception of essential workers, for a period of three months
Asia Sri Lanka An appeal to farmers to grow more rice as the country faces its worst economic crisis in 70 years comes comes from the Minister of Agriculture who said 'food situation is worsening'
Asia Sri Lanka Sri Lanka's central bank has announced that the country has officially gone into default, for the first time in its history; inflation rates have reached 40%
Asia Sri Lanka As clashes spread late Monday evening, authorities imposed an indefinite curfew across the nation of 22 million and called in the army to help contain the violence
Asia Sri Lanka Over 150 people hospitalized in the Colombo National Hospital following the violence that broke out in the city
Asia Sri Lanka The Tamil Nadu Assembly passed a unanimous resolution to send essential items and medicines to Sri Lanka on a humanitarian basis after the Colombo protests complaining of lack of essential medicines
Asia Sri Lanka The country needs $3 to 4 billion this year to pull itself out of an unprecedented economic crisis and plans to start talks with the International Monetary Fund for help, Finance Minister Ali Sabry said
Asia Sri Lanka With inflation at over 17%, food, medicine and fuel shortages, blackouts lasting up to 13 hours and school exams postponed indefinitely because of a lack of paper, the exasperated people took to the streets once again
Asia Sri Lanka A committee appointed by Sri Lanka's government said the crisis-hit country's central bank and finance ministry must form a team to seek urgent international financial assistance as the economy is faltering under a foreign currency shortage
Asia Sri Lanka The country is facing its worst economic crisis since independence in 1948, on the brink of insolvency as its available foreign exchange reserves have plummeted below $1 billion
Asia Sri Lanka Construction of the 37 km section of the Central Expressway from Kadawatha to Mirigama is currently underway with about 25 % of the work nearly done; the project is expected to be completed within the next two years