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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]
(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.
COLOMBO (Reuters) -Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to ...
The 2022 Sri Lankan protests, commonly known as Aragalaya ( Sinhala: අරගලය, lit. 'The Struggle'), were a series of mass protests that began in March 2022 against the government of Sri Lanka. The government was heavily criticized for mismanaging the Sri Lankan economy, which led to a subsequent economic crisis involving severe ...
Sri Lanka, [a] historically known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian peninsula by the Gulf of Mannar and the Palk Strait. It shares a maritime border with the Maldives in the southwest ...
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 ...
The official website of Sri Lankan prime minister Mahinda Rajapaksa was hacked on June 3, 2021. The Information Technology Society Sri Lanka - ITSSL said the PM’s website was hacked in a manner in which any visitor to the website would be redirected to another website which displays content related to the Bitcoin cryptocurrency. [7]
Geography of Sri Lanka. / 7°N 81°E / 7; 81. Sri Lanka, formerly called Ceylon, is an island nation in the Indian Ocean, southeast of the Indian subcontinent, in a strategic location near major sea lanes. [1] The nation has a total area of 65,610 square kilometres (25,330 sq mi), with 64,630 square kilometres (24,950 sq mi) of land and ...