Sri Lankan Opposition legislator Shanakiyan Rasamanickam. File | Photo Credit: Twitter/@ShanakiyanR Sri Lankan Opposition legislator Shanakiyan Rasamanickam has threatened to launch a “China go home” campaign, akin to the ‘Gota go home’ movement that ousted the former President in the wake of the island’s painful economic crash. The popular 32-year-old MP, among the few Sri … Read more
Sri Lanka’s inflation surged to 70.2 per cent in August from 66.7 per cent a month ago as the island nation is grappling with the worst economic crisis, according to official data released on Thursday. The National Consumer Price Index (NCPI) which determines how much people spend on a selected basket of goods and services … Read more
India and Japan will provide food relief supplies worth millions of dollars to Sri Lanka which is grappling with its worst economic crisis, leading to nationwide protests over the government’s mismanagement. The Indian High Commission said here on Friday that an Indian ship laden with urgent relief supplies like rice, medicines and milk powder for … Read more
Sri Lanka’s main Opposition party Samagi Jana Balawegaya (SJB) on Monday said it would offer conditional support to the interim all-party government headed by Prime Minister Ranil Wickremesinghe to help tackle the country’s crippling economic and political crisis. Wickremesinghe, the United National Party (UNP) leader was appointed as Sri Lanka’s 26th prime minister on Thursday … Read more
Key foreign envoys to Sri Lanka and rights groups have expressed concern over President Gotabaya Rajapaksa‘s decision to declare a state of emergency for the second time in about 5 months, fearing that the security forces might use sweeping powers against peaceful protesters amid the country’s worst economic crisis. However, India was yet to issue … Read more
Sri Lanka’s state-owned petroleum corporation on Thursday re-introduced fuel rationing for vehicles, as the worst economic crisis in decades roils the country with massive public protests against the government. Ceylon Petroleum Corporation head Sumith Wijesinghe said that now motorcycles and other two-wheelers can purchase fuel up to worth Rs 2,000 per visit to a fuel … Read more
Cash-strapped Sri Lanka announced on Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nation ran out of dollars to pay even for food and fuel. Foreigners who deposit a minimum of $100,000 locally will be granted permission to live and work in Sri Lanka for 10 years under … Read more
Amid Sri Lanka‘s severe economic crisis, a high-level delegation, including the country’s Central Bank Governor and other senior officials, will attend an International Monetary Fund (IMF) meeting in Washington DC today. Earlier, Former Finance Minister Basil Rajapaksa was scheduled to visit Washington for the meeting with IMF to seek a debt re-restructuring and a bailout, … Read more