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. …
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(Reuters) – Foreign mutual funds which have exposure to Sri Lankan equities have posted steep losses in their net asset values this year, prompting their fund managers to look for …
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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 …
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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, …
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Sri Lankan Parliament Elects Allegedly Corrupt Former Prime Minister As President Micaela Burrow on July 20, 2022 Sri Lanka’s parliament elected former prime minister Ranil Wickremesinghe, a figure seen by …
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(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 …
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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 …
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COLOMBO – Sri Lanka’s acting President Ranil Wickremesinghe will be the country’s next president until 2024, a parliament vote count showed on Wednesday.
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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 …
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(Corrects to add dropped word ‘Sri Lanka’ to headline) (Reuters) – Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing …
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By Andrea Shalal and Marc Jones NUSA DUA, Indonesia – China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries …
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‘What The Green New Deal Looks Like’: Tucker Hammers AOC Over Sri Lanka Collapse Harold Hutchison on July 12, 2022 UPDATE: This story has been updated to reflect comments from …
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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 …
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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 …
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By Alasdair Pal (Reuters) – Sri Lanka’s Gotabaya Rajapaksa, who oversaw a ruthless crushing of Tamil Tiger guerrillas to end a long-running civil war and went on to become president, …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …