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The Latest Breaking News from Ranil Wickremesinghe

News briefs

‘Blue slip’ problem hangs up veterans toxic exposure bill

Tribune News Service

Sri Lanka’s economy has ‘collapsed,’ prime minister says

Sri Lanka’s economy has “completely collapsed” and an agreement with the International Monetary Fund is the only path to revival, Prime Minister Ranil Wickremesinghe told the parliament on Wednesday.

Tribune News Service

Sri Lanka PM says economy 'has collapsed,' unable to buy oil

Sri Lanka’s prime minister says its debt-laden economy has “collapsed" after months of shortages of food, fuel and electricity

The Independent UK

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Sri Lanka bets on casino magnate to revive wrecked economy

Colombo (AFP) - Sri Lankan casino magnate Dhammika Perera entered parliament on Wednesday with a mandate to revive the bankrupt island nation's wrecked economy -- working alongside a premier who once accused him of corruption.

AFP

Crisis-hit Sri Lanka plans donor conference with China, India and Japan

Sri Lanka will hold a donor conference with China, India and Japan as it seeks overseas assistance to find a way out of its worst economic crisis in decades, Prime Minister Ranil Wickremesinghe told parliament on Wednesday.

Reuters

Sri Lanka's crisis cripples once burgeoning middle class

Sri Lanka’s economic crisis, the worst in its history, has completely recast the lives of the country’s once galloping middle class

The Independent UK

Sri Lanka cabinet moves to clip President Rajapaksa’s powers

Cabinet approves amendment to the constitution in a move to appease protesters calling for Gotabaya Rajapaksa to quit.

Al Jazeera

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India has really helped us during this crisis: Ranil Wickremesinghe

Sri Lanka’s new PM sounds surprisingly upbeat in possibly the toughest assignment of his long political career

The Hindu

Sri Lanka's economic crisis has turned into a national emergency, and its people are now calling for help to save lives

Sri Lanka's economic collapse is forcing people all over the country to find unconventional ways to survive. The unique unravelling of a once-middle-income nation has dramatically reshaped how people on the ground are living.

ABC News

In Sri Lankan crisis, a window of economic opportunity

The fruition of the idea of a Sri Lanka-south India single market sub-region can boost growth across the Palk Strait

The Hindu

Lazard, Clifford Chance reach Sri Lanka to advise on debt restructure - PM

Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island nation's prime minister said on Tuesday.

Reuters

Sri Lanka gives public workers extra day off to grow food

Sri Lanka has approved a four-day work week for public sector workers to help them cope with a chronic fuel shortage and encourage them to grow food, the government said on Tuesday, as it struggles with its worst financial crisis in decades.

Reuters

Sri Lanka needs a currency board

The war in Ukraine has generated an economic tidal wave that is crashing over countries near and far. Among the more far-flung is Sri Lanka, half a world away from the battlefield, where surging food and fuel prices have supercharged a downward spiral that was already under way.

Bangkok Post

The AP Interview: Sri Lanka PM says he's open to Russian oil

Sri Lanka’s prime minister says he may be compelled to buy more oil from Russia as he hunts desperately for fuel to keep the country running

The Independent UK

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The Hindu

Restoration: On Sri Lanka’s return to parliamentary democracy

Sri Lanka will be well served by a return to parliamentary democracy

Reuters

Sri Lanka tycoon Dhammika Perera to replace president's brother in parliament

One of Sri Lanka's richest businessmen will replace the president's brother in parliament, a ruling party official said on Friday, as the cash-strapped country moves forward on talks for a bailout plan with the International Monetary Fund (IMF).

The Hindu

Willing to work with India to help Sri Lanka, says China

New Delhi has made great efforts to help Colombo: Beijing

Reuters

Brothers at odds, but ruling family still holds key to Sri Lanka's future

It was the moment when two brothers who had dominated Sri Lanka's politics for nearly 20 years finally went their separate ways.

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AFP

Sri Lanka urgently seeks $6 billion to keep economy afloat

Colombo (AFP) - Cash-strapped Sri Lanka on Tuesday asked the International Monetary Fund to arrange a creditor meeting for $6 billion in loans to help keep the country afloat during its unprecedented economic crisis.

The Independent UK

Sri Lankan PM requests patience as UN calls for relief funds

Sri Lanka’s prime minister says the United Nations has arranged a worldwide public appeal seeking help for the island nation’s food, agriculture and heath sectors amid serious shortages caused by its worst economic crises in recent memory

Reuters

Crisis-hit Sri Lanka needs $5 billion, help from China for essentials

Sri Lanka will need $5 billion over the next six months to ensure basic living standards, and is renegotiating the terms of a yuan-denominated swap worth $1.5 billion with China so as to fund essential imports, the prime minister said on Tuesday.

The Independent UK

BC-AP News Digest 3 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

Sri Lanka holds its breath as new PM fights to save economy

It has been nearly three weeks since Ranil Wickremesinghe took over as prime minister of Sri Lanka with a daunting mandate to pull the crisis-weary country from the brink of an economic abyss that threatens to tear it apart

Reuters

Sri Lanka seeks to secure $5 billion in funds for import payments

Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other items bought through credit lines, and another $1 billion to bolster its foreign reserves, the prime minister's office said on Thursday.

AFP

Bankrupt Sri Lanka hikes taxes

Colombo (AFP) - Cash-strapped Sri Lanka on Tuesday announced steep, across-the-board tax hikes to shore up revenue as the country suffers its worst economic downturn and seeks an IMF bailout.

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