July 11, 2022 2:06 pm
Opposition party leaders have been in discussion to form an alternative unity government, an urgent requirement of a bankrupt nation to continue discussions with the International Monetary Fund for a bailout program.
July 10, 2022 8:29 pm
The main opposition party expressed its solidarity with Sri Lanka and its people in the “moment of grave crisis” and hoped that they will be able to overcome it.
June 17, 2022 3:19 pm
The Sri Lankan economic crisis has prompted an acute shortage of essential items like food, medicine, cooking gas and fuel across the island nation.
April 26, 2022 9:29 pm
For months, President Gotabaya Rajapaksa’s administration and the Central Bank of Sri Lanka (CBSL) resisted calls by experts and opposition leaders to seek help from the IMF despite rising risks.
April 17, 2022 8:42 pm
The Colombo Stock Exchange will remain temporarily closed for a week from Monday to provide investors an opportunity to have "more clarity and understanding" of the current economic conditions in crisis-hit Sri Lanka and help them make “informed investment decisions”
April 10, 2022 1:18 pm
In Colombo, Saturday saw tens of thousands converge at Galle Face, the capital's main ocean front.
April 08, 2022 9:32 pm
The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply.
March 30, 2022 8:08 pm
Foreign exchange reserves have fallen by 70% in the past two years and were down to a paltry $2.31 billion as of February, leaving Sri lanka struggling to import essentials, including food and fuel.
March 03, 2022 3:19 pm
The Taliban authorities lack international recognition six months after overrunning Kabul as the last US-led international troops departed, ending 20 years of war.
November 08, 2021 9:34 pm
Most of Afghanistan's public servants have lost their jobs and are left with no income since the Taliban takeover of the country. Many are forced to sell possessions just to buy food.
July 09, 2022 6:51 pm
Thousands of protestors in Sri Lanka broke into President Gotabaya Rajapaksa's residence in Colombo on Saturday.