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World Published 26 Apr, 2023 12:35pm

Sri Lanka trying to reduce overall debt by $17b, president says

Caught in its worst financial crisis since independence from Britain in 1948

World Published 22 Mar, 2023 01:26pm

Sri Lanka to start next round of talks with creditors in April

The IMF has released the first tranche of about $330 million

World Published 13 Jan, 2023 03:24pm

Sri Lanka to slash military by a third to cut costs

Aim of the move is to create a 'technically and tactically sound and well-balanced' defence force by 2030, says minister

World Published 04 Jan, 2023 05:53pm

Bankrupt Sri Lanka to hold first polls since crisis

Island nation defaulted on its $46 billion external debt in April, which followed months of acute shortages

Business & Economy Published 31 Aug, 2022 11:23am

Sri Lanka ‘strikes staff-level deal’ with IMF on loan

Debt laden island nation seeks up to $3b from global lender

World Published 31 Jul, 2022 01:25pm

Sri Lanka president seeks unity government to save economy

Sri Lanka defaulted on its $51 billion foreign debt

▶️ World Published 20 Jul, 2022 01:14pm

Wickremesinghe, a wily political survivor, elected Sri Lanka’s president

Politics is more than chess, Ranil Wickremesinghe secured 134 votes out of 225 members house

World Updated 19 Jul, 2022 07:31pm

Incumbent to face low-key lawmaker in tight Lankan presidential race

225-seat parliament votes on Wednesday to choose new president

World Published 16 Jul, 2022 04:58pm

Sri Lanka’s ousted president says he ‘took all possible steps’ to prevent crisis

Rajapaksa says financial crisis rooted in years of economic mismanagement that pre-dated his presidency

World Published 15 Jul, 2022 01:37pm

Gotabaya Rajapaksa resignation accepted, PM Wickremesinghe sworn in as acting president

Parliament will meet on Wednesday to elect an MP to succeed Rajapaksa for the rest of his term

World Published 13 Jul, 2022 09:50am

Sri Lankan president flees to Maldives amid protests, Rajapaksa dominance ends

Rajapaksa, his wife and two bodyguards left aboard a Sri Lankan Air Force plane, says air force

World Updated 10 Jul, 2022 02:41pm

Awe and anger in Sri Lanka’s ransacked presidential palace

Rajapaksa plans to resign on Wednesday, says the parliament speaker

World Published 09 Jul, 2022 09:44pm

Sri Lanka PM offers resignation after protesters storm president’s house

Thousands broke through police barricades to storm the president's official residence in one of the largest anti-government marches this year

World Published 14 Jun, 2022 03:23pm

Sri Lanka gives public workers extra day off to grow food

Government is in talks for a bailout package with the International Monetary Fund

Business & Economy Published 12 Jun, 2022 03:17pm

Open to buying Russian oil, Sri Lankan PM tells AP

Russia had also offered wheat to Sri Lanka, said Wickremesingh