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"Don't Want To Be Sandwiched...": New Sri Lanka President's India-China Plans
Anura Kumara Dissanayake - Sri Lanka's new Marxist President - has said he wants to avoid being "sandwiched" between India and China but recognises each as a "valued partner", as he tries to resolve a financial crisis roiling his country.
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Sri Lanka's First Leftist President Sworn In After Landslide Election Win
Sri Lanka's first leftist president was sworn into office Monday vowing to restore public faith in politics after anger over the island nation's unprecedented economic crisis propelled him to a landslide poll win.
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Sri Lanka Elections: A Look At The 5 Key Candidates And What They Stand For
Sri Lanka, which is slowly recovering from its worst-ever economic crisis, will vote to elect the next President on Saturday.
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Sri Lanka's First Presidential Vote Since Unrest To Be Held On September 21
The election will be the first test of the public mood since the height of the 2022 downturn, which caused months of food, fuel and medicine shortages across the island nation.
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Indian Ports Struggle With Massive Demand As Ships Re-Route Amid Red Sea Crisis
In the wake of vessel re-routings aimed at avoiding the Red Sea, bunker demand across ports in both India and Sri Lanka has witnessed a massive surge, highlighting a growing challenge for the maritime industry.
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Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
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IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
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Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
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Scientists From China And Sri Lanka Conduct Joint "Marine Scientific" Research Onboard Chinese Vessel
According to sources, Sri Lanka was delaying granting permission for the arrival of the vessel due to concerns raised by India. However, there is no official confirmation of the same.
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Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
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Cop Sacked For Playing Piano As Protesters Broke Into Sri Lanka President's House
Sri Lanka's police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they entered the island nation's presidential compound last year.
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Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
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India To Play "Constructive Role" To Help Sri Lanka Overcome Its Worst Economic Crisis
India has reiterated its willingness to play "a constructive role" in supporting Sri Lanka's efforts for recovery from the worst economic crisis.
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"You Saved Us": Lanka Speaker Thanks India For Providing Aid Amid Crisis
Sri Lanka's Parliament Speaker Mahinda Yapa Abeywardena on Friday thanked India for the financial assistance it extended to the island nation when it reeled under an unprecedented economic crisis last year.
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World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
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"Don't Want To Be Sandwiched...": New Sri Lanka President's India-China Plans
Anura Kumara Dissanayake - Sri Lanka's new Marxist President - has said he wants to avoid being "sandwiched" between India and China but recognises each as a "valued partner", as he tries to resolve a financial crisis roiling his country.
-
Sri Lanka's First Leftist President Sworn In After Landslide Election Win
Sri Lanka's first leftist president was sworn into office Monday vowing to restore public faith in politics after anger over the island nation's unprecedented economic crisis propelled him to a landslide poll win.
-
Sri Lanka Elections: A Look At The 5 Key Candidates And What They Stand For
Sri Lanka, which is slowly recovering from its worst-ever economic crisis, will vote to elect the next President on Saturday.
-
Sri Lanka's First Presidential Vote Since Unrest To Be Held On September 21
The election will be the first test of the public mood since the height of the 2022 downturn, which caused months of food, fuel and medicine shortages across the island nation.
-
Indian Ports Struggle With Massive Demand As Ships Re-Route Amid Red Sea Crisis
In the wake of vessel re-routings aimed at avoiding the Red Sea, bunker demand across ports in both India and Sri Lanka has witnessed a massive surge, highlighting a growing challenge for the maritime industry.
-
Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
-
Scientists From China And Sri Lanka Conduct Joint "Marine Scientific" Research Onboard Chinese Vessel
According to sources, Sri Lanka was delaying granting permission for the arrival of the vessel due to concerns raised by India. However, there is no official confirmation of the same.
-
Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
Cop Sacked For Playing Piano As Protesters Broke Into Sri Lanka President's House
Sri Lanka's police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they entered the island nation's presidential compound last year.
-
Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
-
India To Play "Constructive Role" To Help Sri Lanka Overcome Its Worst Economic Crisis
India has reiterated its willingness to play "a constructive role" in supporting Sri Lanka's efforts for recovery from the worst economic crisis.
-
"You Saved Us": Lanka Speaker Thanks India For Providing Aid Amid Crisis
Sri Lanka's Parliament Speaker Mahinda Yapa Abeywardena on Friday thanked India for the financial assistance it extended to the island nation when it reeled under an unprecedented economic crisis last year.
-
World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
