Sri Lanka

Sri Lanka is balancing competing demands going into Monday’s budget, as it seeks to finalize conditions for a US$2.9 billion (S$4 billion) International Monetary Fund (IMF) loan while buffering citizens from the island nation’s worst…

Sri Lanka is working overtime on its diplomatic channels to convince its biggest bilateral lenders China, Japan and India to restructure their loans to the island, which is facing its worst ever economic crisis. Foreign Minister Ali Sabry…

Sri Lanka's former president Gotabaya Rajapaksa is expected to return to the island nation some time on Friday, after he fled anti-government protests in July, a spokesman from the Department of Information said. Other informed sources…

India and China traded insults over their diverging interests in Sri Lanka, after a controversial Chinese scientific research ship called at the island nation despite New Delhi's security concerns. Sri Lanka "needs support, not unwanted…

The country’s debt burden is considered ‘unsustainable’ leading the lender to seek assurances from creditors. The International Monetary Fund (IMF) has said it will need “adequate assurances” from Sri Lanka’s creditors for a new program as…

Travel industry players in Sri Lanka are hoping to attract more tourists from Saudi Arabia as the island nation grapples with an ongoing crisis in its tourism economy. Tourism has long been a key source of capital for Sri Lanka. In 2018…

Sri Lanka's government has tabled a proposal to curb the powers of the president's office, the first step to reform a political system widely seen as responsible for tipping the country into economic chaos and bankruptcy. The passing of…

Sri Lanka’s new president said that securing an IMF loan would take until at least September after weeks of protests and political turmoil sparked by the country’s economic crisis. Ranil Wickremesinghe, who took over as president this…

Sri Lanka’s former president Gotabaya Rajapaksa is not in hiding and is expected to return to the country from Singapore, Cabinet spokesman Bandula Gunawardena said on Tuesday. Rajapaksa, 73, fled Sri Lanka after the July 9 uprising when…

Sri Lankan President Ranil Wickremesinghe on Saturday instructed officials to accelerate the fuel distribution process and focus on providing fuel for school and public transport. He ordered officials to provide fuel to vehicles that…