Latest Sri Lanka News

Sri Lanka PM stresses urgency for economic reform plan

May. 26, 2022 14:25 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka's prime minister said Thursday that he will quickly prepare an economic reform program and seek approval from the International Monetary Fund — because global inflation and the financial impact of Russia's invasion of Ukraine on other countries could limit...

Sri Lankan leader seeks world's help during financial crisis

May. 26, 2022 11:27 AM EDT

TOKYO (AP) — Sri Lankan President Gotabaya Rajapaksa asked for urgent international help on Thursday as his country suffers from a financial crisis. “We are presently undergoing a severe economic crisis that has profoundly impacted the lives of all Sri Lankans, resulting in...

Sri Lanka's prime minister tackles thorny finances, economy

May. 25, 2022 22:50 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka’s new Prime Minister Ranil Wickremesinghe has been sworn in as finance minister as this Indian Ocean island nation confronts its worst economic crisis in memory. President Gotabaya Rajapaksa named Wickremesinghe minister of Finance, Economic...

Sri Lanka arrests 67 suspected to be heading to Australia

May. 24, 2022 06:07 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka’s navy said Tuesday that it has arrested 67 people who it believes were trying to travel by sea to Australia illegally. The navy said in a statement that 12 men were arrested first near the port town of Trincomalee, 260 kilometers (160 miles)...

India ships rice, other essentials to crisis-hit Sri Lanka

May. 23, 2022 21:01 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka received a first consignment of a $16 million humanitarian aid package from neighboring India to help mitigate severe shortages caused by the country’s worst economic crisis in recent memory. Gopal Baglay, the Indian envoy to Sri Lanka,...

Sri Lanka closes schools, limits work amid fuel shortage

May. 20, 2022 03:58 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lankan authorities closed schools and asked public officials not to come to work in a desperate move to prepare for an acute fuel shortage that is expected to last days amid the nation's worst economic crisis in decades. The Public Administration...

China becomes wild card in Sri Lanka's debt crisis

May. 20, 2022 01:18 AM EDT

COLOMBO, Sri Lanka (AP) — China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade. But in a cautionary tale for borrowers, Sri Lanka's multibillion-dollar debt to Beijing threatens to hinder efforts to resolve a...

Sri Lanka limits foreign currency holdings amid crisis

May. 19, 2022 11:45 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank announced Thursday, as police fired tear gas and water cannons at thousands of...

Sri Lankan protesters include Tamil victims in war memorial

May. 18, 2022 20:39 PM EDT

COLOMBO, Sri Lanka (AP) — Sri Lankan protesters lit flames and offered prayers Wednesday remembering thousands — including ethnic Tamil civilians — killed in the final stages of the country’s decadeslong civil war, in the first-ever event where mostly majority ethnic Sinhalese openly...

Censure vote vs. Sri Lankan leader fails as crisis simmers

May. 17, 2022 09:39 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka's governing party on Tuesday defeated a move in Parliament to urgently debate a motion that would censure President Gotabaya Rajapaksa for the nation's worst economic crisis, which the prime minister said has left only enough gasoline for one day. ...