Sri Lanka

Beset with Sri Lanka’s economic crisis, Pakistan’s catastrophic floods, a global slowdown, and the impacts of the war in Ukraine, South Asia faces an unprecedented combination of shocks on top of the lingering scars of the...

Sri Lanka’s inflation rate hit nearly 70 percent in September for a 12th consecutive monthly record, official data showed Friday after a year of shortages, price hikes and economic misery. An unprecedented downturn forced the government...

Crisis-hit Sri Lanka pleaded on Friday for a swift agreement with its international creditors to clear the way for a desperately needed $2.9 billion IMF bailout. The International Monetary Fund’s board needs to ratify this month’s...

In a significant expansion of the crisis-ridden nation’s government, Sri Lanka swore in 37 junior ministers on Thursday, including two for the crucial finance ministry. Since gaining its independence from Britain in 1948, the island of...

Sri Lanka tightened import restrictions on Wednesday with a ban on more than 300 additional items, as an economic crisis that has created months of shortages and toppled a president refuses to abate. President Ranil Wickremesinghe,...

Sri Lanka’s economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country’s central bank said...

The president’s office announced Tuesday that Sri Lanka will not extend a state of emergency imposed to quell anti-government rallies since the situation in the poor country has “settled.” Four days after his predecessor left the...

Despite worries from India and the United States on its activities, a Chinese research vessel reached Tuesday the southern port of Hambantota, which is controlled by China in Sri Lanka. According to port officials, the Yuan...

As his visa to Singapore expires, the deposed leader of Sri Lanka, Gotabaya Rajapaksa, is looking for a new safe haven in Thailand, according to a source from the Thai foreign ministry on Wednesday. On July...

Ranil Wickremesinghe, the country’s new leader, has officially asked lawmakers to join an all-party unity government that will enact difficult changes in an effort to rescue the nation’s failing economy, his office announced on Sunday. Wickremesinghe...