S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating
(Reuters) – Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to ‘D’, representing default, following missed interest and principal payments. The South Asian nation, which had…
New Sri Lankan government must raise taxes, make difficult reforms – cbank governor
(Reuters) – Sri Lanka’s new president will have to deal with daunting political challenges and his reforms should include tax rises to stabilize a devastated economy, the central bank governor told the…
Sri Lankan President Officially Resigns, Ousted PM Takes His Place
Sri Lankan President Officially Resigns, Ousted PM Takes His Place Micaela Burrow on July 15, 2022 Former Prime Minister Ranil Wickremesinghe stepped in as acting president Friday after the former president officially…
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy
Sri Lankan Prime Minister To Resign After Protests Over Collapsed Economy Micaela Burrow on July 9, 2022 Sri Lanka’s prime minister has agreed to step down after mass protests over the dire…
The meeting, then the mob. A ‘turning point’ in Sri Lankan crisis
By Alasdair Pal and Uditha Jayasinghe COLOMBO – On Monday morning, hundreds of supporters gathered at the prime minister’s official residence in Sri Lanka’s commercial capital of Colombo where they urged Mahinda…
Sri Lankan veterans protest against president who led them during war
By Uditha Jayasinghe and Alasdair Pal COLOMBO – Missing both legs and an arm, former special forces soldier Thushara Kumara is an unlikely critic of Gotabaya Rajapaksa, a wartime defence chief who…
Former Sri Lankan Ambassador Pleads Guilty to Defrauding Sri Lankan Government
WASHINGTON – A former ambassador for Sri Lanka pleaded guilty today to diverting and attempting to embezzle $332,027 from the government of Sri Lanka during its…
Fertiliser ban decimates Sri Lankan crops as government popularity ebbs
By Uditha Jayasinghe and Devjyot Ghoshal AGBOPURA, Sri Lanka – W.M. Seneviratne sat watching a mechanised harvester slice through the jade green fields around him in eastern Sri Lanka’s Agbopura village one…
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