Sri Lanka Foreign Reserves

Sri Lanka has no money to pay even one ship carrying fuel

<p> <strong>Cash starved Sri Lanka, which has run out of fuel, asked its citizens not to queue up at gas…

3 years ago

Is Sri Lanka set for regime change after Mahinda Rajapaksa flees to Trincomalee?

<p> <strong>Sri Lanka is facing the worst economic crisis since its independence in 1948. The South Asian Island nation is…

3 years ago

Sri Lanka’s stock exchange once again forced to halt trading amid heavy losses

<p> <strong>Amid deepening economic crisis and plummeting liquid stocks, the Sri Lankan stock market halted trading on Monday soon after…

3 years ago

India decides to bail out cash-strapped Sri Lanka–likely to announce another $1 bn line of credit soon

<p> <strong>India has almost finalized extension of another $1 billion line of credit to cash strapped Sri Lanka. Earlier during…

3 years ago

Owners of Wagon R cards in Sri Lanka may have to drive without mirrors

<p> <strong>Amid an acute financial crisis in Sri Lanka, demand for side mirrors of Suzuki’s Wagor R is on the…

3 years ago

India rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuel

<p> <strong>India has delivered 40,000 metric tonnes of fuel to cash strapped Sri Lanka to help it in preventing disruption…

3 years ago

Indian tourists flock to Sri Lanka, as Colombo resumes visa on arrival facility

<p> <strong>For cash strapped Sri Lanka, the start to this year has been promising with foreign tourists beginning to arrive.…

3 years ago

Covid batters Sri Lanka–drop in tourism, expat remittances force Colombo to seek the IMF’s ‘advice’

<p> <strong>Even as a near bankrupt Sri Lanka averted a default by repaying $500 million international sovereign bond (ISB) in…

3 years ago

Sri Lanka shuts down power station as fuel runs out due to forex crisis

<p> Sri Lanka on Wednesday faced a severe crisis after it had to shut down the Kelanitissa Power Plant during…

3 years ago

Rajapaksa addresses parliament: focuses on rapprochement, economy and balance between powers

<p> Sri Lankan President Gotabaya Rajapaksa addressed the parliament on Tuesday, highlighting the challenges before the country and his government's…

3 years ago

Sri Lanka announces $1 billion relief for people as New Year gift

<p> Amid surging anger and food shortages, the Gotabaya Rajapaksa government has unveiled a Rs 229-billion ($1 billion) relief package…

3 years ago

India, Sri Lanka inch closer to a financial deal as Chinese Foreign Minister Wang Yi plans a visit

<p> India is likely to extend a financial deal to Sri Lanka to help it tide over its foreign exchange…

3 years ago

Foreign exchange crisis forces Sri Lanka to close missions in Germany, Nigeria and Cyprus

<p> Sri Lanka has decided to close three overseas missions--the Sri Lanka High Commission in Nigeria; the Consulate General of…

3 years ago

Cash-strapped Sri Lanka barters tea for oil from Iran

<p> Sri Lanka and Iran have signed a barter agreement under which Colombo will pay off its oil debt to…

3 years ago

Tourism gets hit in Sri Lanka as hotels & restaurants shut down due to shortage of cooking gas

<p> <strong>An acute shortage of cooking gas has hit Sri Lanka’s hospitality sector. The shortage of this essential item has…

3 years ago

India looking at currency swap option to help exporters as Sri Lanka plunges into forex crisis

<p> <strong>With the deepening of Sri Lanka’s foreign exchange crisis, India could look at coming out with a currency swap…

3 years ago