Lanka - Asian News from UK

India backs Lanka, bats for IMF bailout

Sitharamaan and the top level Indian economic delegation met Sabry at the IMF headquarters in Washington on Monday….writes SUSITHA FERNANDO India has once again backed Sri Lanka, which is grappling with its

April 19, 2022

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Lanka seeks IMF bailout

Sri Lanka has been undergoing a serious economic crisis and foreign reserves stand below $2 billion…reports Asian Lite News The Sri Lankan government has sent a delegation to the International Monetary Fund

April 17, 2022

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Lankan envoy confident of getting Chinese assistance

Sri Lanka is caught in a spiralling crisis of rising foreign debt, runaway food inflation, massive shortages of fuel and daily power cuts…writes Rahul Kumar Sri Lankan ambassador to China, Palitha Kohona

April 14, 2022

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India’s credit line to save ailing Lanka

India, Sri Lanka’s closest neighbour had offered $1 billion credit line to purchase fuel, food and medicines. Since January India has provided nearly $2.5 billion financial assistance….writes Susitha Fernando Suffered by economic

April 14, 2022

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Lanka to soothe public anger

Prime Minister Mahinda Rajapaksa said on Wednesday that the government is willing to talk with the young protesters…reports Asian Lite News The Sri Lankan government has announced that it is ready to

April 13, 2022

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‘Street fights have dangerous ends’

Prime Minister Rajapaksa said that the country’s history has dangerous lessons when demands were made on the entire parliament to step down rejecting the democratic system…writes Susitha Fernnado Amidst a week long

April 13, 2022

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India’s grain gift to Lanka for new year

The assistance comes in the wake of India’s External Affairs Minister Dr. S. Jaishankar’s visit to Sri Lanka in March….reports Asian Lite News Awaiting to usher the National New Year, crisis-ridden Sri

April 13, 2022

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Will Nepal become another Lanka?

Nepal’s finance minister said he was “surprised” the issue was being compared with the crisis in Sri Lanka…reports Asian Lite News Nepal has restricted imports of non-essential goods, including cars, cosmetics and

April 12, 2022

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Lanka halts foreign debt payments

Lankan Ministry added that debt repayments would be restructured in a manner consistent with an economic adjustment program supported by the IMF…reports Asian Lite News Sri Lanka’s Finance Ministry on Tuesday said

April 12, 2022

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Lankan Opposition steps up action

Premadasa is spearheading a campaign against the 20th amendment of the constitution that took powers away from the parliament and vested them in the President….reports Rahul Kumar After intense debates in the

April 12, 2022

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