Sri Lanka police raise security at popular surf site over threat to Israelis

Police in Sri Lanka have raised security around a popular surfing destination after receiving information about a possible threat to Israeli travelers, a spokesperson said yesterday. Police spokesperson Nihal

Sri Lankans throw out old guard in election upset

What nation’s new Marxist-leaning leader means for economy, IMF loans Sri Lankans voted for a new direction in leadership on Sept. 22, 2024, electing

Marxist Anura Kumara Dissanayake sworn in as president

Marxist politician Anura Kumara Dissanayake was sworn in as Sri Lanka’s president yesterday after an election that saw voters reject an old guard accused of leading the country into

Presidential election goes into 2nd round of vote counting for first time in history

Marxist lawmaker Anura Kumara Dissanayake leads early official results in Sri Lanka’s presidential election, according to tallies released yesterday by the Election Commission, but he is still

Opposition leader says the rich will pay more if he becomes president

Sri Lanka’s opposition leader contesting the presidential election next week said yesterday that if he comes to power he will renegotiate with the International Monetary Fund

A railway union strike leaves tens of thousands of commuters stranded

A railway union strike stopped most trains across Sri Lanka on Wednesday, leaving tens of thousands of passengers to brave the few dangerously overcrowded trains that kept

Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France

Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation

Colombo and Moscow discuss the issue of Sri Lankans fighting alongside Russians in Ukraine

Sri Lanka and Russia started talks yesterday to resolve the issue of Sri Lankans fighting alongside Russians in the war against Ukraine, after at least

Island will get second tranche of much-need bailout from the IMF

The International Monetary Fund executive board approved the release of the second tranche of a $2.9 billion dollar bailout package to help Sri Lanka recover from

US plans to build a $553M terminal in Colombo port in rivalry with China

The U.S. announced a $553 million project yesterday to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in international development

Sri Lanka reaches an agreement with EXIM Bank on debt, clearing IMF funding snag

Sri Lanka says it has reached an agreement with the Exim Bank of China on key terms and principles for restructuring its debt, a key step toward

With one eye on China, Japan backs Sri Lanka as a partner in the Indo-Pacific

Japan’s Foreign Minister Yoshimasa Hayashi said Saturday that Sri Lanka is a key partner in a Tokyo-led initiative aimed at building security and economic cooperation around the

Crisis-hit Sri Lanka may allow Indian rupee to be used in local transactions

Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign

Bejeweled cannon and other art will head home to Sri Lanka from Netherlands museum

Sri Lanka’s foreign minister said yesterday that his country welcomes the Netherlands’ plan to return hundreds of colonial-era artifacts — including a bejeweled, ceremonial cannon — and

Sri Lanka spares banks in its $ 19.8 billion local debt restructuring plan

Sri Lanka will spare banks from being part of its local debt restructuring plan because of the possible impact on deposits, while the bulk of the

China’s Sinopec signs agreement to enter retail fuel market

Chinese petroleum giant Sinopec signed an agreement with Sri Lanka today to enter the South Asian island country’s retail fuel market as it struggles to

IMF to assess governance as part of $3B bailout

The International Monetary Fund said yesterday it is assessing Sri Lanka’s governance in the first case of an Asian country facing scrutiny for corruption as part

With no immunity, Sri Lanka’s Rajapaksa faces legal troubles

Sri Lanka’s ousted President Gotabaya Rajapaksa, who returned home after seven weeks in exile following protests over economic hardships, could face legal action over forced disappearances of

President says IMF talks nearing successful end

Sri Lanka’s president said yesterday that his bankrupt country’s talks with the International Monetary Fund for a rescue package have successfully reached final stages as he presented

Sri Lanka leader says IMF agreement pushed back after unrest

Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has

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