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The Latest Breaking News from Sri Lanka

Sri Lanka aims to have $2.9 billion IMF loan finalised in December - sources

Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion loan by year-end, officials from the country's central bank told investors during a virtual presentation on Friday, sources participating in the event said.

Reuters

Indian envoy calls on Sri Lankan PM Dinesh Gunawardena; discusses bilateral issues

India has been the biggest provider of aid this year to Sri Lanka, which is fighting its worst economic crisis in more than seven decades

The Hindu

Sri Lanka to unveil debt restructuring plan to creditors

Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions of dollars of its debt and share plans to tackle the island's worst economic crisis in more than seven decades.

Reuters

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Inflation, unrest challenge Bangladesh's 'miracle economy'

Bangladesh's economic miracle is under severe strain as fuel price hikes amplify public frustrations over rising costs for food and other necessities

The Independent UK

Sri Lanka president holds talks with foreign diplomats on debt restructuring and IMF programme

Sri Lanka's President Ranil Wickremesinghe held talks with foreign diplomats on debt restructuring and the International Monetary Fund programme, the island nation's government said in a statement on Thursday.

Reuters

Factbox-Sri Lanka set to begin talks to restructure debt of $30 billion

Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.

Reuters

Former Celtic youngster set for journey from lower leagues to Sri Lanka international system

The promising goalkeeper has had a great upbringing with experience at the Parkhead club and in the English Championship, and he's now set for a chance internationally.

Glasgow Live

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Between India and China — Sri Lanka’s survival strategy

Foreign policy credit for India in its immediate neighbourhood has always been a tough ask. With Hambantota, the Chinese just raised the bar.

The Hindu

Sri Lankan fishermen say key Australian tool to combat people smuggling can be dodged

Sri Lankan fishermen say a key measure introduced by the Australian government to deter operators from sending desperate people across the seas is ineffective, while official sources say the brother of a Sri Lankan MP is being investigated over allegations of people smuggling.

ABC News

Sri Lanka inflation rate surges to 70.2% in August

Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.

Reuters

T20 | Bhuvneshwar Kumar's poor show a real concern, says Gavaskar

In 18 deliveries in the ‘death overs’ he has bowled in 3 matches against Pakistan, Sri Lanka, and now Australia, he has given away 49 runs, says the former India captain

The Hindu

King Salman Receives Credentials of Ambassadors of Several Countries

Custodian of the Two Holy Mosques King Salman bin Abdulaziz received in Jeddah on Tuesday the credentials of a number of ambassadors of brotherly and friendly countries appointed to the Kingdom of Saudi Arabia, reported the Saudi Press Agency. Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of…

Asharq Al-Awsat

India starts debt-restructuring talks with Sri Lanka, vows support

India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised to support the crisis-hit neighbour mainly through long-term investments after providing nearly $4 billion of financial aid.

Reuters

India continues to be supportive of Sri Lanka in 'all possible ways': High Commission

The Indian government's assistance to crisis-hit Sri Lanka has reached almost $4 billion since January this year

The Hindu

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Reuters

India starts debt-restructuring talks with Sri Lanka

India said on Tuesday it had started bilateral discussions with Sri Lanka on restructuring the crisis-hit neighbour's debt.

The Times of India

India vs Australia, 1st T20I: Interesting Mohali statistical trivia

It's time for India's last two T20I series before the T20 World Cup kicks-off in Australia in October. India are hosting Australia for 3 T20Is followed by South Africa against whom the Men in Blue will once again play 3 T20Is as preparation for the next edition of the World…

The Guardian - AU

Priya Nadesalingam, mother of Biloela family, signs book deal for memoir of asylum ordeal

Mother of Tamil family will recount their remarkable journey, from fleeing war-torn Sri Lanka to enduring Australia’s immigration detention system

The Times of India

T20 World Cup: Injury to Ravindra Jadeja a massive blow for India, but Virat Kohli returning to form a big plus, says Mahela Jayawardene

DUBAI: Ravindra Jadeja's absence due to injury is a "massive loss" but Virat Kohli's return to form and Jasprit Bumrah's comeback would still make India a force to reckon with in the upcoming T20 World Cup, feels Sri Lanka legend Mahela Jayawardene.

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The Hindu

Mark Boucher named head coach of Mumbai Indians

South Africa head coach Mark Boucher will replace former Sri Lanka skipper Mahela Jayawardene as head coach of Mumbai Indians for the next IPL season

Reuters

Sri Lanka to upgrade trade agreement with India - president

Sri Lanka will turn a free trade agreement with India into a comprehensive economic and technological partnership, President Ranil Wickremesinghe said on Friday, according to a government statement.

Reuters

Sri Lanka's crisis pushes war-shattered Tamils to the brink

Under a blazing sun, a 44-year-old Tamil labourer tended his rented patch of peanut field in Sri Lanka, striking his spade against the earth in a daily struggle to beat inflation that has put many necessities out of reach.

The Hindu

The naval prowess of the Cholas

A millennium ago, the dynasty achieved what INS Vikrant is expected to accomplish — to make India a superior maritime power

The Times of India

Sri Lanka opens Chinese built Lotus Tower for public viewing

COLOMBO: Often described as a Chinese built "white elephant", Sri Lanka's 350-metre Lotus Tower, constructed at a cost of $113 million, was on Thursday opened for visitors in central Colombo.

Reuters

Sri Lanka's economy shrinks 8.4% amid fertiliser, fuel shortages

Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.

Reuters

India plans no more funding for Sri Lanka as IMF talks progress - sources

India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island's battered economy starts to stabilise after a preliminary loan agreement with the IMF.

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