scorecardresearch
Add as a preferred source on Google
Wednesday, October 1, 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

Jana Sangh leader VK Malhotra brought Advani to Delhi, kept the party afloat after 1984 setback

Unlike his colleagues from the time of the BJS, several of whom became governors and held other constitutional posts, Malhotra chose to lead a quiet and simple retired life after the massive 2014 victory of the BJP.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

In Nepal, young dreams of serving in Indian Army crash as Agnipath halts a centuries-old tradition

Since 1815, Nepali Gorkhas have served in Indian & British Armies, as well as in Bihar, Bengal & Assam Police. Since Agnipath scheme came in, no Nepal-domiciled Gorkha has enlisted.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.