Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday (27) and called for a partial shutdown as its unprecedented economic crisis deepened
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Russia said Monday (27) that two of its debt payments were prevented from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive
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It is not as if the Rajapaksa regimes alone are to blame for monetary/fiscal policies and consequent failures. ‘Flexible inflation’ since 2015, ‘liquidity injections’, or mindless printing of currency as witnessed in recent months, and…
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Senior US officials arrived in Sri Lanka on a four-day visit Sunday (26) to find ways to help the island nation in the throes of an unprecedented economic crisis and severe shortages of essential supplies, as the energy minister warned that…
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Sri Lanka hiked fuel prices on Sunday (26), creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic crisis
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Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedevilled by corruption, patronage, nepotism and incompetence
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Sri Lanka accepted a rice and pharmaceuticals shipment from neighbouring India Friday (24) as the island nation battles an unprecedented economic crisis that has left supermarket shelves and pharmacy cabinets empty
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Sri Lanka’s recent debt crisis is a stark reminder that even with the best of intentions, it’s hard for China to be an “all-weather friend”
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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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Sri Lankan casino magnate Dhammika Perera entered Parliament on Wednesday (22) with a mandate to revive the bankrupt island nation's wrecked economy - working alongside a premier who once accused him of corruption
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