Colombo: In Sri Lanka, in view of the increase in inflation rate day by day, the people there are suffering from a crisis of frustration and dissatisfaction. People’s organizations say that despite getting a loan from the IMF, the problems of the citizens will not end. Since February, the price of electricity has been increased…
Colombo, January 2022: Chinese Foreign Minister Weng Yi stands arm in arm with Sri Lankan Prime Minister Rajapaksa. China came to the rescue in tough times, agreeing to reschedule Sri Lanka’s debt. After debt restructuring by China, it will be easier for Sri Lanka to get a $2.9 billion package from the IMF. According to…
Sri Lanka went bankrupt in April after defaulting on previous debt, Photo: File Colombo: The World Bank gave a loan of 400 million dollars to the 3 private banks of the bankrupt country of Sri Lanka. According to the World News Agency, the World Bank has given a loan of 400 million dollars as a…
File photo Electricity rates in Sri Lanka were increased by 275%, adding to the hardships of the people. Speaking to reporters, the Sri Lankan Energy Minister said that electricity charges had to be increased again as per the IMF conditions. He said that they cannot get handouts from the treasury to maintain electricity prices. The…
Sri Lanka has announced a power grid linking agreement with India within two months. In this regard, the Sri Lankan delegate says that they are starting negotiations with India on power grid linking and renewal of trade agreements. The agreement will be signed in two months. An important part of Sri Lanka’s economic recovery plan…
Sri Lankan Parliament, file photo Sri Lankan President Ranil Wickremesinghe suspended Parliament until February 8, a policy of making the minority Tamil community partners in power was drawn up. Parliament has been suspended until President Wickremesinghe will announce long-term policies on a number of issues. Long-term policies will also prepare a plan of action to…
