Tag: Sri Lanka
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Fitch downgrades Sri Lanka to ‘restrictive default’
COLOMBO: New York-based ratings agency has downgraded debt-ridden Sri Lanka's sovereign rating to “restricted default” after the country defaulted on making international sovereign bond...
China becomes wild card in Sri Lanka’s debt crisis
COLOMBO, Sri Lanka -- China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will...
Shrink the country’s economy by 25% – Patali
Samagi Jana Balawegaya MP Patali Champika Ranawaka says that if the allies do not help us, we should shrink the country's economy by 25%...
Sri lankan foreign missions become white elephants
Sri lankan foreign missions in several countries have become white elephants spending local tax payers money for much needed foreign exchange lavishly without bringing...
Japan Provides US$ 1.5 Million Emergency Aid to Sri Lanka
The new Sri Lanka administration led by PrimeMinister Ranil Wickremasinghe with 44 years experience in local politics and close relations with friendly countries is...