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Tuesday, March 10, 2026
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.

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

President Murmu should have followed precedent instead of going public about Mamata Banerjee

We must condemn any disrespect toward our President, but the incident involving Droupadi Murmu and Mamata Banerjee raises many questions, some of them uncomfortable.

Russian crude never left India’s import mix. It made up 1/3rd of oil imports from 2024 to 2026

After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.

India and Indonesia finalise BrahMos deal, contract to be signed early next fiscal

One battery of the BrahMos missile is to be procured in the initial phase. The plan is to scale up the procurement in phases.

Trump brings the Age of Humiliation for friends. Modi needs stoicism abroad, humility at home

Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.