lanka;

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained …

By Karen Lema and Tetsushi Kajimoto MANILA/TOKYO (Reuters) – The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a top official of the regional …

COLOMBO (Reuters) – Sri Lanka will step up efforts to revive a stalled free trade pact with Singapore, President Ranil Wickremesinghe told the city state’s premier on Tuesday, his office …

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions of dollars of its debt …

By Uditha Jayasinghe (Reuters) – Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as the island nation reels under its worst economic …

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka should improve human rights and strengthen institutions to tackle the humanitarian challenges that have sprung from its worst financial crisis in seven …

By Devjyot Ghoshal and Uditha Jayasinghe KILINOCHCHI/COLOMBO, Sri Lanka – Nallathambi Mahendran walked through his four acres of emerald green paddy fields in northern Sri Lanka’s Kilinochchi district, indicating the …

By Uditha Jayasinghe COLOMBO – Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as …

NEW DELHI – Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday. …

By Yew Lun Tian BEIJING – Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s envoy to Beijing said on Monday …

By Uditha Jayasinghe COLOMBO – Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign exchange, its energy minister said on Monday, …

By Alasdair Pal COLOMBO – Sri Lanka’s imposing presidential secretariat which was stormed by a sea of protesters in early July, forcing out then incumbent Gotabaya Rajapaksa, was almost deserted …

NEW DELHI – Sri Lankan Prime Minister Ranil Wickremesinghe has declared a state of emergency in his role as the acting president, after President Gotabaya Rajapaksa fled to the Maldives …

By Devjyot Ghoshal and Alasdair Pal (Reuters) – Sri Lanka’s economic crisis looks to have finally toppled President Gotabaya Rajapaksa. Rajapaksa fled the country early on Wednesday, likely headed to …

COLOMBO – Leaders of the protest movement in Sri Lanka who have forced the president and prime minister out of their official residences said on Sunday they will occupy the …

By Devjyot Ghoshal and Alasdair Pal COLOMBO – Sri Lanka’s economic crisis looks to have finally toppled President Gotabaya Rajapaksa. Rajapaksa has not commented directly but he plans to step …

NEW DELHI – The International Monetary Fund (IMF) said it is hoping for a resolution to Sri Lanka’s political turmoil that will allow a resumption of talks for a bailout …

COLOMBO – Sri Lanka’s Prime Minister on Saturday summoned an emergency meeting of political party leaders after protesters stormed the president’s house in the commercial capital Colombo amid growing anger …

By Uditha Jayasinghe COLOMBO -Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for …

By Uditha Jayasinghe COLOMBO -Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and transport costs, as the island nation grappled with its …

COLOMBO – Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island …

By Uditha Jayasinghe COLOMBO – One of Sri Lanka’s richest businessmen will replace the president’s brother in parliament, a ruling party official said on Friday, as the cash-strapped country moves …

By Uditha Jayasinghe COLOMBO – Sri Lanka is aiming to attract well over $1 billion in foreign direct investment this year, an official said on Friday, as the country wrestles …