Sri Lanka's prime minister will slash expenditure in Budget

Advertise with us

Advertise with us

QatarDay

International News

Sri Lanka

Sri Lanka's prime minister says he will slash expenditure in new budget

Sri Lanka's new Prime Minister Ranil Wickremesinghe said on Tuesday he will present an interim budget within six weeks, slashing infrastructure projects to re-route funds into a two-year relief programme for the crisis-hit island nation. Wickr..
Sri Lanka increases fuel prices to address economic crisis

Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to galloping inflation at least in the short term. Power and Energy Minister Kancha..
Sri Lanka closes schools, limits work amid fuel shortage

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 Admin..
Sri Lanka warns of food shortages

Sri Lanka's prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertiliser for the next planting season to boost productivity. A decisi...
Sri Lanka to default on debt, no money for fuel, minister says

Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for fuel. An economic crisis unp..
Sri Lanka protesters vow to continue anti-government campaign despite new PM

Sri Lanka's new prime minister will begin forming a unity government on Friday, but his appointment has failed to appease anti-government protesters demanding the resignation of the president for the country's disastrous economic crisis.
Sri Lanka gives emergency powers to military, police after clashes kill seven

Sri Lanka gave emergency powers on Tuesday to its military and police to detain people without warrants, after a day of clashes that killed seven people and injured more than 200, in violence that prompted Prime Minister Mahinda Rajapaksa to resign. ..
Sri Lanka in talks for $100 million emergency funding from Beijing-backed bank

The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country's finance ministry said on Sunday. Sri Lanka has requested foreign-exchange liquidity support for state b..
Sri Lanka begins talks with China on refinancing debt

Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades. China has suggested to Colombo that it would prefer to refinance the debt,..

Desert Falls Live a Little — VIDEO OF THE WEEK

Follow US

categories