Colombo

Asia Cup 2023: Matches in Colombo could be shifted due to rain prediction, says report

According to a report in CricketNext, Asia Cup matches to take place in Colombo are likely to be shifted to a different venue owing to weather concerns.

Sri Lanka ends fuel rationing imposed at height of economic crisis last year

Sri Lanka announced its first-ever sovereign default in April 2022 and faced its worst economic crisis in history due to a shortage of foreign exchange reserves. Under the fuel rationing system, registered consumers at filling stations were guaranteed a weekly quota of fuel

Sri Lanka imports 2 million eggs from India to deal with shortage

In January when the market shortages were noticed, the Animal Production and Health Department refused to import eggs from India or Pakistan as both countries reported bird-flu outbreaks in the past six months. Later, the government decided to to import eggs from India to ensure food security

Sri Lanka bailout linked to tackling corruption, spells out IMF

The IMF has said the financial rescue was conditional on tackling the deep-rooted culture of graft and government mismanagement blamed for tipping Sri Lanka into an unprecedented economic crisis last year

Sri Lanka uses part of Indian financial aid to buy textbooks for 4 million students

India announced a $1 billion line of credit to Sri Lanka last year as part of its financial aid to help the country deal with its economic crisis. Sri Lanka was hit by a financial crisis in 2022 that also sparked political turmoil in the island nation that led to the ouster of the Rajapaksa family

Explained: How Pakistan is following Sri Lanka's footsteps in China's debt trap

China, which is Pakistan's single-largest creditor — owning 30 per cent of its total external debt — is set to grant a $700 million loan through its China Development Bank. But experts say further borrowing from Beijing could cause trouble ahead

Sri Lanka hikes power prices by 66% hoping to ensure IMF bailout

The IMF has agreed to lend Sri Lanka $2.9 billion in September to overcome its worst financial crisis in seven decades, but the bailout comes with conditions that include raising taxes, removing subsidies and cutting public sector debt

Pakistan crisis: Can the country be saved from collapse?

Pakistan’s dire economic situation just keeps getting worse with reports of a double-whammy from the IMF and its forex reserves dropping even lower. Worse, Islamabad seems to be at odds with Beijing and is staring at a fuel crisis

Indians travelling to Sri Lanka advised to comply with new Covid-19 protocols

In 2022, out of over 719,000 travellers arriving in Sri Lanka, 123,000 were Indian nationals. India was the top inbound market for the country. The revised Covid-19 guidelines have come into effect from Friday

Sri Lanka Prez Wickremesinghe rules out early polls, vows to crush anti-govt street protests

Wickremesinghe has a mandate to serve out the rest of Rajapaksa’s term, which ends in November 2024. However, the opposition parties are demanding early parliamentary polls, claiming that Wickremesinghe’s government lacks electoral credibility. The next presidential election is due in 2024