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Wednesday, April 1, 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

The 3 M’s Of Hinduphobia: Mill, Macaulay and Marx

Indians tend to fuss more about the damage done to the Indian psyche by Thomas B Macaulay’s infamous Minute of 1835, but he was preceded in this unholy endeavour by James Mill.

Indian bonds under pressure as RBI forex curbs raise rate hike risk

The RBI’s crackdown on bearish rupee positions may be followed by additional measures, including tighter limits on banks’ positions and further curbs in the offshore currency market, according to Barclays.

More ‘hits’ than Rheinmetall ever—Ukraine drone manufacturer claps back at CEO’s ‘housewives’ remark

Oleksandr Yakovenko, founder of Ukrainian drone maker TAF Industries, further went on to highlight the growing 'irrelevance' of European defence platforms.

Gulf war exposed India’s fragilities. It’s time for navel-gazing, in the national interest

It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.