Manufacturers tap local inputs as FX crisis deepens
August 15, 2024
Ranil Wickremesinghe is the interim president of Sri Lanka per a parliamentary vote, after an unprecedented popular protest brought down former president Gotabaya Rajapaksa’s administration. But while naming an interim ...
The move follows months of turmoil in the country that saw a new president elected Sri Lankan security forces raided an anti-government protest camp outside the presidential office in Colombo ...
COLOMBO: Sri Lanka's new president will appoint senior lawmaker Dinesh Gunawardena as the crisis-hit country's next prime minister, four political sources said on Thursday. President Ranil Wickremesinghe is slated to ...
Six-time prime minister and veteran politician an unpopular choice among protesters who forced his predecessor out.Ranil Wickremesinghe has been sworn in as Sri Lanka’s eighth president by the country’s chief ...
Sri Lankan lawmakers chose six-time Prime Minister Ranil Wickremesinghe as president Wednesday to succeed the ousted leader who fled the country, in a vote that risks reigniting political turmoil in ...
On 9 July 2022, Sri Lankan President Gotabaya Rajapaksa agreed to step down from the presidency amid widespread protests in Colombo. On 13 July he fled to the Maldives on ...
Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble. Lebanon, Sri Lanka, ...
Sri Lanka’s president finally resigned. Protesters celebrated, and they had reason to: Their mass demonstrations — including a takeover of the presidential mansion — drove President Gotabaya Rajapaksa from office. ...
Sri Lanka’s economy is in free fall. Runaway inflation reached 54.6 percent last month, and the South Asian country is now headed toward bankruptcy. Nine in 10 Sri Lankan families ...
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