The island plunged into crisis last year as its foreign exchange reserves ran out. The government limited imports on more than 3,200 items, including seafood, electronics, and even musical instruments.
Sri Lanka is generally known for its quality education, healthcare, natural beauty and even migration policies and practices. But in recent times, the island nation has made the headlines for all the wrong reasons.
Dasun Shanaka's Sri Lanka are buoyant after their surprise Asia Cup title and confident of their Twenty20 World Cup prospects in Australia despite missing out on direct entry into the main draw.
Prime Minister Sheikh Hasina today (August 30, 2022) expressed her firm belief that Bangladesh will never plunge into a Sri Lanka-like situation, rather the country will continue to move ahead overcoming all global challenges.
"The people of Bangladesh are in heaven compared to other countries amid the global recession," said Foreign Minister Dr AK Abdul Momen today (August 12, 2022).
Ten members of crisis-hit Sri Lanka's Commonwealth Games contingent in Birmingham have disappeared in a suspected attempt to remain in Britain, a top sports official from the island nation told AFP on Sunday.
Saarc’s inability to respond to the humanitarian crisis reflects a lack of the sense of regionalism.
Cricket-obsessed Percy Abeysekera has been a constant presence at Sri Lanka matches since their first Test against England in 1982 -- and even the country's worst economic crisis cannot keep him away.
Sri Lankan badminton champion Niluka Karunaratne heads to England next week to cap his Commonwealth Games career where it began -- a swansong almost derailed by his bankrupt country's bruising economic crisis.
Sri Lankan energy companies said on Monday they were running low on stocks of liquid petroleum gas mainly used in cooking, as shortages of foreign exchange put renewed pressure on the island nation.
Sri Lankan President Gotabaya Rajapaksa declared a state of emergency on Friday following a day of anti-government strikes and protests over the country's deep economic crisis that saw police use tear gas on two occasions.
Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s worst economic crisis in decades, a prominent lawmaker said Friday.
Sri Lanka’s financial crisis is a classic example of what populist policies, corruption and mismanagement can lead a country to, which is a lesson for South Asian countries that lack good governance and has politicised administration, speakers told a webinar today (April 24, 2022).
