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June 28, 2022
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Ranil says SL economy ‘has collapsed,’ unable to buy oil
Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday (22), in comments underscoring the country’s dire situation as it seeks help from…
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Bondholder sues Sri Lanka in US court for historic default
Hamilton Reserve Bank Ltd., which holds more than US$ 250 million of Sri Lanka’s 5.875% International Sovereign Bonds due July 25, filed a lawsuit Tuesday (21) in a New York federal court seeking full payment of principal and interest.
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Bankrupt Sri Lanka opens IMF talks, begins shutdown
Sri Lanka closed schools and halted non-essential government services on Monday (20), starting a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund (IMF) opened talks with Colombo on a possible…
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Troops open fire to contain fuel riots
Sri Lanka's military opened fire to contain rioting at a fuel station, officials said Sunday (19) as unprecedented queues for petrol and diesel were seen across the bankrupt country
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Schools, Govt. offices to shut as transport grinds to halt
Sri Lankan authorities on Friday (17) announced a two-week shutdown of government offices and schools, as public transport ground almost entirely to a halt due to a lack of dollars to pay for imported fuel
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Sri Lanka left with fuel stocks for around five days, minister says
Sri Lanka's fuel stocks will last for about five more days, its power and energy minister said on Thursday (16), as the island nation awaits official confirmation from the Indian government for a new $500 million credit line for fuel
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UN begins food relief for Sri Lanka’s pregnant women
Thousands of impoverished women in Sri Lanka began receiving food aid Thursday (16) as part of a United Nations emergency response to the island's unprecedented economic crisis
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Sri Lanka saves scarce gas for cremations
Bankrupt Sri Lanka will reserve a portion of its scarce fuel supplies for the cremation of Buddhists, whose funeral rites have been disrupted during a dire economic crisis
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Take holiday to grow food, Sri Lanka tells civil servants
risis-hit Sri Lanka is asking civil servants to take an extra day off each week to grow crops in their backyards in a bid to forestall a looming food shortage
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Cash-strapped Sri Lanka announces weekly fuel quotas
Crisis-hit Sri Lanka announced weekly fuel quotas for motorists on Sunday (12), as an acute shortage worsened and longer queues formed outside the few pumping stations still operating
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