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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
June 3, 2024 at 1:23 AM. COLOMBO, Sri Lanka (AP) — Sri Lanka closed schools on Monday as heavy rain triggered floods and mudslides in many parts of the island nation, leaving at least 10 people ...
Port City Colombo, ( Sinhala: කොළඹ වරාය නගරය, romanised: Koḷam̆ba Warāya Nagaraya) is a multi-service special economic zone located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been completed as of January 2019. In 2017 ...
(Reuters) - Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.
The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country. The anti-government sentiment across various parts of Sri ...
Sri Lanka's cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst ...
June 2, 2024 at 11:29 AM. [BBC] Flooding and landslides caused by monsoon rains in Sri Lanka have killed at least seven people, the country's Disaster Management Centre (DMC) has said. In Sitawaka ...
Katchatheevu ( Tamil: கச்சத்தீவு, Tamil pronunciation: [kəttʃət̪t̪iːʋʉ]) [a] is an uninhabited island in Sri Lanka. The island was governed by British Ceylon (now Sri Lanka) from 1921. [3] Though the Indian government never controlled it, the island remained disputed until 1974 between India and Sri Lanka when India ...