Lanka - Asian News from UK

Lanka struggles in China’s debt trap

According to central bank data, Sri Lanka owed China $3.5 billion by the end of 2020, excluding loans to state-owned firms….reports Asian Lite News China’s loans to Sri Lanka have been a

January 18, 2022

-Top News·Asia News·China

Lanka running out of dollar, power

The dollar-strapped Sri Lanka is finding hard to release foreign currency to buy fuel for the transportation and electricity generation…writes Susitha Fernando Amidst the worst-ever power crisis connected to Sri Lanka’s ailing

January 18, 2022

-Top News·Asia News·Sri Lanka

India will always stand with Lanka, says Jaishankar

Jaishankar told Rajapaksa that India has always stood with Sri Lanka, and will continue to support Sri Lanka in all possible ways for overcoming the economic and other challenges posed by the

January 16, 2022

-Top News·Asia News·India News

TN to undertake survey on Lankan Tamils wanting Indian citizenship

A decision to this effect was taken during a meeting of the council held during the last week of December, 2021, sources in the council said….reports Asian Lite News The advisory council

January 4, 2022

-Top News·India News·Sri Lanka

Lanka pins hopes on Indian holidaymakers

After witnessing two Covid-19 waves, Sri Lanka’s tourism was further ravaged by the third wave of the pandemic in April 2021…writes Susitha Fernando Although the Sri Lankan tourism sector is still struggling

January 4, 2022

-Top News·Asia News·Sri Lanka

Lanka, India ink strategic Trincomalee oil tank deal

The agreement is also to help Sri Lanka to unlock $1.9 billion of support from India of which $400 million is a bank swap and $1.5 billion is in lines of credit.

January 3, 2022

Asia News·India News

SPECIAL 2022: Lanka falls into Chinese Debt Trap

With Sri Lankan debts to China in excess of $8 billion, the room for manoeuvre for the government of the day was already quite limited…writes Sumit Kumar Singh For some South Asian

January 3, 2022

-Top News·Asia News·Sri Lanka

SRI LANKA 2022: Financial Crisis Deepens

The crisis is compounded by high government spending and tax cuts eroding state revenues, vast debt repayments to China and foreign exchange reserves at their lowest levels in a decade…reports Asian Lite

January 3, 2022

-Top News·Asia News·Sri Lanka

Lanka Faces Forex Crisis

Many analysts have said that the current economic crisis is worse than the erstwhile LTTE problem that the nation faced. ..writes Mahua Venkatesh In 2019, the year when Sri Lanka’s President Gotabaya

December 27, 2021

-Top News·Asia News·Sri Lanka

Chinese debt trap: Lanka going Ugandan way

Lankan former Army Commander alleged that it has been made a slave of one camp and also have worked to achieve political and military ambitions of another state, and thereby let the

December 1, 2021

-Top News·China

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