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Saturday, October 25, 2025
TopicSri lanka economy

Topic: sri lanka economy

Sri Lanka set for ‘system change’ with leader of Marxist JVP Dissanayake leading in presidential polls

Though Anura Kumara Dissanayake's lead has decreased since early morning, he's still expected to come out on top. Everyone except Dissanayake & Premadasa have been eliminated from running.

Millions of Sri Lankans cast vote in first presidential election since 2022 economic crisis

Voting is underway at 13,134 polling stations in Sri Lanka, began at 7 am and will close at 4 pm local time. The counting of votes is expected to begin at 9:30 pm local time.

Sri Lanka asks foreign investors for 30% haircut in a bid to reduce debt

Sri Lanka is struggling with its worst financial crisis after the country's foreign exchange hit record lows and triggered its first foreign debt default last year.

Power price hike pushes Sri Lanka crisis to the brink

The increase is the latest measure to clinch a $2.9 billion loan from IMF to tackle a crisis that evolved from pandemic, rising oil prices and populist tax cuts by previous govt.

Sri Lanka cabinet approves downgrade to ‘low income country’ on World Bank list

Previously, Sri Lanka was placed in the lower-middle economy category. The categorisation as a 'low income' country would ease access to concessional funding, the cabinet spokesman said.

Former minister Basil Rajapaksa stopped from boarding Dubai flight while fleeing Sri Lanka

Basil reportedly tried to take a flight out of the country amid the ongoing economic crisis but airport officials refused to let him leave following protests by passengers.

Bankrupt Sri Lanka issues tenders calling for more oil and fuel imports

The government is seeking a loan of about Rs 31,000 crore this year from the International Monetary Fund and creditors including China and Japan to help pay for food and fuel.

Crisis-hit Sri Lanka will suspend paying up foreign debt to focus on essential imports

Crisis-ridden Sri Lanka will suspend foreign debt payments to avoid a hard default, and concentrate instead on essential imports like fuel.

On Camera

Piyush Pandey brought the language of small towns into ad agency corridors: Prasoon Joshi

Piyush was about celebration—of life, of people, of stories. He believed that what we create can shape popular culture, can make people feel proud of who they are.

US sanctions Rosneft & Lukoil: What we know of 2 oil giants that produce half of Russia’s crude

Rosneft, the Russian state-owned oil behemoth, has large interests in India. Reliance has a contract to purchase 500,000 barrels of crude per day from the firm.

From battle of wits and daring air strikes to artillery fury, new details emerge of Operation Sindoor

Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.