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The Latest Breaking News from Sri Lanka

China has not done enough on Sri Lanka debt restructuring - U.S. diplomat

The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior U.S. diplomat said on Wednesday.

Reuters

IMD Warns For Stormy Winds In Coastal Regions Of Tamil Nadu, Puducherry ; Asks Fishermen Not To Venture Into Seas

The India Meteorological Department on Wednesday issued a warning for the high-speed stormy winds in the coastal regions of Tamil Nadu and Puducherry and advised the fishermen to avoid venturing into coastal regions. Read further on Dynamite News:

Dynamite News

Department poised to kick off FTA talks with EU

Thailand has set its sights on kicking off free trade agreement (FTA) talks with the European Union (EU) this year and accelerating the conclusion of negotiations regarding planned FTAs with the European Free Trade Association (Efta), Canada, Turkey and Sri Lanka, according to the chief of the Trade Negotiations Department.

Bangkok Post

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Tommy Tiernan show: Co Tyrone woman praised for 'inspirational' appearance

Sheree Atcheson was adopted from Sri Lanka at just three weeks old by a Coalisland couple

Belfast Live

Sri Lanka Seeks to Benefit from Saudi Mining Experience

Sri Lanka’s Environment Minister Naseer Ahmed emphasized the presence of prospects for cooperation between Colombo and Riyadh in various fields, especially the mining sector. Looking forward to strengthening cooperation with Saudi Arabia in the mining sector, Ahmed said his country could benefit from the Kingdom’s experiences in developing the mineral…

Asharq Al-Awsat

Sri Lanka economy could shrink by -3.5% to -4%, president says

Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.

Reuters

Sri Lanka leader suspends parliament until policy address

Sri Lanka’s president has suspended Parliament until Feb. 8, when he said he would announced a new set of long-term policies to address a range of issues including an unprecedented economic crisis

The Independent UK

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China's EXIM bank gives Sri Lanka debt extension

China's Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China's foreign ministry said on Thursday, confirming a Reuters report earlier this week..

Reuters

Sri Lanka says debt-restructuring talks making progress

Debt-stricken Sri Lanka’s Central Bank chief says the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary Fund rescue plan

The Independent UK

Sri Lanka hopeful of completing debt restructuring in six months, says cenbank chief

Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country's central bank chief P. Nandalal Weerasinghe said on Tuesday.

Reuters

Is debt cancellation the way forward for Sri Lanka?

As 182 economists from around the world issued a call to cancel Sri Lanka’s debt, not all experts agree.

Al Jazeera

India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

Reuters

Sri Lanka seen holding rates as inflation fight continues; IMF deal key

The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International Monetary Fund bailout.

Reuters

Dad to be reunited his with children in Newcastle after 10-month visa ordeal which meant he was stuck in Sri Lanka

Sanas Sahib can finally be with his children following months of separation after the Home Office reviewed his visa application, which had previously been rejected

Chronicle Live

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The Independent UK

India backs Sri Lanka to secure IMF bailout plan amid crisis

India’s foreign minister says his country has given financial assurances to the International Monetary Fund to facilitate a bailout plan to help neighboring Sri Lanka emerge from its worst economic crisis, in a first formal announcement from one of the island nation’s creditors

Radio France Internationale

French court convicts 14 of smuggling migrants from Sri Lanka to Europe

A court in northern France has sentenced 14 Sri Lankan nationals to prison for operating a people-smuggling ring across Europe – part of a continent-wide attempt to crack down on the lucrative criminal networks.

Reuters

Sri Lanka expects financing assurances from China for IMF deal within days

Sri Lanka expects to get China's backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a government official said on Friday, as India pledged further support to its crisis-stricken southern neighbour.

ABC News

Gambling companies Sportsbet, TAB and bet365 taking bets on cricket matches involving minors

The National Children's Commissioner blasts some of the biggest gambling companies in Australia for offering bets on international cricket matches involving underage players.

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Reuters

India foreign minister visits Sri Lanka with stronger ties, China in focus

India's foreign minister arrives in Colombo on Thursday following his country's backing of Sri Lanka for a $2.9 billion International Monetary Fund (IMF) loan, leaving China as the island's last remaining major creditor which has yet to agree to the debt restructuring plan.

Reuters

Child nutrition drops in Sri Lanka amid economic crisis

The number of children grappling with various forms of undernutrition in Sri Lanka increased for the first time in at least six years in 2022, a government report and data from the health ministry indicate.

Reuters

India 'strongly supports' Sri Lanka debt restructuring plan, it tells IMF

India has told the International Monetary Fund that it strongly supports Sri Lanka's debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters.

Bangkok Post

Thailand set to step up FTA negotiations with Sri Lanka

Thailand has vowed to accelerate negotiations on a free-trade agreement (FTA) with Sri Lanka, aiming to finish the talks by the beginning of 2024.

The Independent UK

Sri Lanka urged to free student activist held over protests

Human rights groups have urged Sri Lanka to release a prominent student activist who was arrested five months ago during anti-government protests triggered by the country’s worst economic crisis

Reuters

India tells IMF it backs Sri Lanka's debt restructuring plan - source

India has informed the International Monetary Fund (IMF) it will support Sri Lanka's debt restructuring plan, a source with direct knowledge of the matter said, as the island nation races to secure a $2.9 billion bailout from the global lender.

Daily Mirror

Sri Lanka star left red-faced as he's run out holding the pose after a forward defence

Chamika Karunaratne was run out by Mohammed Siraj in the third ODI between Sri Lanka and India after he decided to hold the pose when defending a ball straight back to the bowler

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