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Sri-Lanka

Asia & Pacific 3 years ago

Sri Lanka president flees as protesters storm home, office

Thousands of people had surrounded the leader's home to demand his resignation, blaming government mismanagement for a downturn that has subjected the island nation's 22 million people to months of bitter hardship.

Regulations 3 years ago

Sri Lanka central bank raises rates to 21-year high to contain inflation

The Standing Lending Facility rate was raised to 15.50 percent while the Standing Deposit Facility Rate rose to 14.50 percent, the highest in 21 years.

Asia & Pacific 3 years ago

Sri Lankans return to cooking with firewood as economy burns

The switch began at the beginning of the year when more than 1,000 kitchens exploded across the country, killing at least seven people and injuring hundreds more.

Economy 3 years ago

Sri Lanka admits bankruptcy, crisis to drag through 2023

The island nation's 22 million people have endured months of galloping inflation and lengthy power cuts after the government ran out of foreign currency to import vital goods.

Asia & Pacific 3 years ago

Sri Lanka struggling to pay for fuel shipments: minister

The country of 22 million people is unable to pay for essential import of food items, fertiliser, medicines and fuel due to a severe dollar crunch.

Economy 3 years ago

Sri Lanka grinds to a halt as fuel reserves shrink

Petrol and diesel queues snaked through the capital for kilometres, though most pumping stations have been without fuel for days.

Academia 3 years ago

How to produce more food, curb prices and save nature

Research conclusively shows that organic farming produces much less food than conventional farming per hectare.

Asia & Pacific 3 years ago

Cash-strapped Sri Lanka out of petrol: Prime Minister

"We have run out of petrol... At the moment, we only have petrol stocks for a single day," Ranil Wickremesinghe said, warning his bankrupt country could face more hardships in the coming months.

Asia & Pacific 3 years ago

Sri Lanka imposes curfew after violent clashes

Sri Lankans have suffered months of blackouts and dire shortages of food, fuel and medicines in the island's worst economic crisis since independence, sparking weeks of overwhelmingly peaceful anti-government protests.