Financial Crisis in Sri Lanka

English

Sri Lanka Needs Support, Not ‘Unwanted Pressure’ To Serve Agenda: India on China’s Spy Ship in Hambantota

August 29, 2022 Vinayak Barot

Vinayak Barot New Delhi: After China alleged India that the New Delhi government is interfering in Sri Lanka’s internal affairs, India criticized China and firmly communicated to Beijing that Colombo needs “support, not unwanted pressure or unnecessary controversies to serve another country’s agenda,” The island nation is grappling with the worst economic crisis since 1948. The […]

English

Sri Lanka: Airport staff stopped the ex-finance minister from leaving the country

July 12, 2022 Vinayak Barot

New Delhi: The former finance minister of Sri Lanka and President Gotabaya Rajapaksa’s youngest brother Basil Rajapaksa stopped from boarding a flight to Dubai on Monday evening. Basil reportedly attempted to leave Sri Lanka amid the ongoing economic crisis in the country, but airport immigration officials refused to let him leave the country following the […]

English

Sri Lanka seeks Russian Help for Fuel Supply

July 7, 2022 Vinayak Barot

New Delhi: President Gotabaya Rajapaksa sought Russian credit facilities to import fuel to Sri Lanka in overcoming the existing economic challenges during a teleconference he had with his Russian counterpart Vladimir Putin on Wednesday, July 7. Sri Lankan President tweeted, “Had a very productive discussion with Russian President Vladimir Putin. While thanking him for all the […]

Container Cargo ship in the ocean with Birds flying

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Sri Lanka may receive diesel and petrol from India

July 4, 2022 Vinayak Barot

New Delhi: The government of India may send fuel to the island country Sri Lanka again in the next few days as a help, said the Colombo-based sources. The financial crisis has risen in India’s southern neighbor country as forex reserves slummed drastically in the last couple of months. Lanka has received more than 400,000 tonnes […]

Business

Japan Provides Rs 880 Million Grant to Strengthen Export Certification in Sri Lanka

April 6, 2022 Vinayak Barot

New Delhi: The Government of Japan has agreed to provide a Japanese Yen 500 million grant to the Government of Sri Lanka under the Japanese non-project grant aid scheme for the provision of equipment to strengthen the diagnostic techniques and phytosanitary inspection services to the facilitation of export certification in the country. The National Plant Quarantine […]