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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]
A BBC News crew filming the BBS rally at Maharagama on 17 February 2013 were surrounded by a mob of twenty young men who threatened them and verbally abused a Sri Lankan member of the crew, accusing him of being a "traitor", having "foreign parents" and working for a "foreign conspirator" who was "against Sri Lanka".
The attack took place on 31 January 1996, in the Sri Lankan city of Colombo. A lorry containing about 440 pounds of high explosives crashed through the main gate of the Central Bank of Sri Lanka, a seaside high-rise which managed most of the financial business of the country. As gunmen traded fire with security guards, the suicide bomber in the ...
Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second ...
Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward unlocking a second instalment of a $2.9 billion ...
The International Monetary Fund executive board approved the release of the second tranche of a $2.9 billion dollar bailout package to help Sri Lanka recover from the worst economic crisis in its ...
The Sri Lanka Broadcasting Corporation (SLBC), formerly Radio Ceylon, is the oldest radio station in Asia, and was founded as Colombo Radio in 1925. Edward Harper who was then the Chief Engineer at the Telegraph Department in 1921, was the first person who initiated experimental broadcasts in Ceylon. The first-ever broadcast on an experimental ...
(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.