Sri Lanka raises electricity tariffs by up to 264%

Sri Lanka raises electricity tariffs by up to 264%

Sri Lanka's state-run electricity monopoly will raise tariffs by a stinging 264 percent for people consuming the least, it announced Tuesday, while higher users will face a smaller increase

Sri Lanka top court extends travel ban on Mahinda and Basil Rajapaksa

Sri Lanka top court extends travel ban on Mahinda and Basil Rajapaksa

Sri Lanka's Supreme Court has extended a travel ban imposed on former president Mahinda Rajapaksa and his brother, ex-minister Basil Rajapaksa, until Aug. 4

World Bank refuses new funding for bankrupt Sri Lanka

World Bank refuses new funding for bankrupt Sri Lanka

The World Bank said Friday it would not offer new funding to Sri Lanka unless the bankrupt island nation carried out "deep structural reforms" to stabilise its crashing economy.

Singapore extends stay of former Sri Lanka president Rajapaksa

Singapore extends stay of former Sri Lanka president Rajapaksa

Singapore has permitted former Sri Lankan president Gotabaya Rajapaksa to stay in the island republic for an additional 14 days, two sources familiar with the matter told Reuters on Wednesday.

Sri Lanka asks China for help with trade, investment and tourism

Sri Lanka asks China for help with trade, investment and tourism

Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo's envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to help it emerge from an economic meltdown.

Sri Lankan security forces raid protest camp as new leaders sworn in

Sri Lankan security forces raid protest camp as new leaders sworn in

Sri Lankan security forces raided and partially cleared a protest camp occupying government grounds in Colombo early on Friday, fuelling fears that President Ranil Wickremesinghe had launched a crackdown a day after being sworn in.

Sri Lanka gets new president in six-time PM Wickremesinghe

Sri Lanka gets new president in six-time PM Wickremesinghe

Sri Lankan lawmakers voted in acting President Ranil Wickremesinghe as the new president on Wednesday, hoping his long experience in government can help pull the country out of a crippling economic and political crisis.

Sri Lanka protest movement reaches 100 days

Sri Lanka protest movement reaches 100 days

Sri Lanka's protest movement reached its 100th day Sunday, having forced one president from office and now turning its sights on his successor as the country's economic crisis continues

Sri Lanka's ousted president says he 'took all possible steps' to prevent crisis

Sri Lanka's ousted president says he 'took all possible steps' to prevent crisis

Sri Lanka’s ousted president, who fled overseas this week to escape a popular uprising against his government, has said he took "all possible steps" to avert the economic crisis that has engulfed the island nation.

Sri Lanka's main opposition to nominate Premadasa as president

Sri Lanka's main opposition to nominate Premadasa as president

Sri Lanka's main opposition party will nominate its leader, Sajith Premadasa, as the country's next president when elections are held in parliament on July 20, a party official told Reuters on Tuesday.

Sri Lanka president seeks seaborne escape after airport standoff

Sri Lanka president seeks seaborne escape after airport standoff

Sri Lanka's president headed to a naval base Tuesday with a view to fleeing his island by ship following a humiliating standoff at the airport, official sources said.

Sri Lanka to get new president next week amid political and economic meltdown

Sri Lanka to get new president next week amid political and economic meltdown

Sri Lanka's parliament will elect a new president on July 20, its speaker said on Monday, after protesters stormed the residences of the current president and prime minister, who have both offered to quit amid an economic meltdown.