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The Latest Breaking News from Sri Lanka

The Asia Cup Twenty20 tournament will be staged in the United Arab Emirates after the tournament was moved from Sri Lanka due to political turmoil in the island nation, the Asian Cricket Council said Wednesday. Sri Lanka has witnessed months of food and fuel shortages, blackouts and runaway inflation in…

Asharq Al-Awsat

Sri Lanka debt crisis is a lesson for all countries

A tragedy is unfolding in Sri Lanka. The economy is paralysed, and because the country's debts are unsustainable, it cannot borrow. The country is suffering the world's worst economic crisis since World War II.

Bangkok Post

‘Opaque’ loans from China hurt Sri Lanka: USAID Administrator

Samantha Power cautions against forces that "seek to sow divisions"

The Hindu

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USAID chief calls on China to restructure Sri Lanka's debt

The head of the U.S. government aid agency has called on China to help Sri Lanka and other nations that had borrowed heavily from Beijing with debt restructuring, not just with lines of credit and emergency loans

The Independent UK

Sri Lanka's Parliament approves state of emergency

Sri Lanka’s Parliament has approved a state of emergency that had been declared by President Ranil Wickremesinghe as his government cracks down on demonstrators it accuses of violence

The Independent UK

IMF says Sri Lanka needs to talk with China about debt restructuring

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.

Reuters

‘How can we cope?’ ask Sri Lankans as gov’t limits fuel imports

People in crisis-hit nation raise serious concerns over the government’s move to restrict imports for another 12 months.

Al Jazeera

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Sri Lanka court extends travel ban on Mahinda and Basil Rajapaksa - broadcaster Newsfirst

Sri Lanka's Supreme Court extended a travel ban on former president Mahinda Rajapaksa and former finance minister Basil Rajapaksa, brothers of ex-president Gotabaya Rajapaksa, to Aug. 2, news channel Newsfirst said in a tweet on Wednesday.

Reuters

Cricket in Commonwealth Games - Uninteresting history, long-delayed return and renaissance

NEW DELHI: Often called a religion in India and a multi-billion dollar revenue generating industry in the country, the game of cricket, is still finding its way to true global recognition.

The Times of India

Sri Lanka parliament extends emergency amid continued crisis

Sri Lanka's parliament approved the extension of a state of emergency for a month on Wednesday, a lawmaker said, in a bid to get a grip on a political and economic crisis that has forced a change of leadership.

Reuters

3 reasons why women leaders actually matter for women

There are currently just 30 female presidents and prime ministers worldwide. Moldova and Barbados are the only two countries where women occupy both the positions of president and prime minister, while Bangladesh is the only nation where a woman has led for more years than a man over the last…

The Conversation

Gotabaya Rajapaksa expected to return to Sri Lanka, minister says

Ex-president fled crisis-hit country earlier this month after protesters took over his house and offices, demanding he resign

The Guardian - AU

Sports: India to host 2025 Women's ODI World Cup

The next ICC Women's Cricket World Cup in 2025 will be hosted by India and Sri Lanka will host the ICC Women's T20 Champions Trophy in 2027 subject to them qualifying for the event. Full story on Dynamite News:

Dynamite News

Singapore grants further 14-day stay for former Sri Lankan president

Singapore has granted another stay of 14 days to former Sri Lankan president Gotabaya Rajapaksa, the city state's Straits Times newspaper said on Wednesday.

Reuters

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Reuters

Soup kitchens feed Sri Lanka's poor amid bleak economic crisis

With no fuel and no money for food, H. G. Indrani and her family of nine trudged for an hour to a community kitchen in Colombo, in hopes of finding a simple vegetarian meal.

The Hindu

Whose GDP is it anyway?

It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework

Bangkok Post

Myanmar 'has enough funds to avert Sri Lanka-like crisis'

Myanmar has sufficient foreign reserves to avoid an economic crisis similar to Sri Lanka’s, the military government said, pushing back on suggestions by some analysts that the Southeast Asian nation faces a growing possibility of default.

Dynamite News

Former President Gotabaya Rajapaksa to return to Sri Lanka from Singapore

Sri Lanka's former President Gotabaya Rajapaksa is not in hiding and is expected to return to the country from Singapore, Cabinet spokesman Bandula Gunawardena said on Tuesday. Read more on Dynamite News:

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The Hindu

PM Modi congratulates new Sri Lankan President Ranil Wickremesinghe

PM Modi said that India would continue to be supportive of the quest of the people of Sri Lanka

The Guardian - UK

There is a global debt crisis coming – and it won’t stop at Sri Lanka

Foreign capital flees poorer countries at the first sign of instability. The pandemic and Ukraine war ensure there is plenty of that around, says economist Jayati Ghosh

The Guardian - UK

‘I’m on death row’: Sri Lankans forced to choose either food or vital drugs

Lifesaving medication for cancer, heart disease and diabetes is growing scarcer and more expensive as the economic crisis intensifies

Reuters

Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages

Crisis-hit Sri Lanka invited on Tuesday expressions of interest from oil companies in petroleum-producing nations seeking to import and sell petroleum products as the Indian Ocean island opens its market amid acute fuel shortages.

The Hindu

Morning Digest | Hooch kills 18 people in Gujarat; Sri Lanka to restrict fuel imports for next 12 months and more

A select list of stories to read before you start your day

The Hindu

Polish man arrested for illegally sailing in from Sri Lanka

Central intelligence agencies issue alert on possible intrusion of Chinese nationals from crisis-hit nation

The Conversation

How did Sri Lanka run out of money? 5 graphs that explain its economic crisis

Sri Lanka is facing its worst economic crisis in modern history. Its 22 million strong population is struggling with huge price increases for food, power, medicines and other necessities. That’s if they can get them at all, with private motorists spending hours queuing for their fuel quota.

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