Sri Lanka has told hundreds of thousands of Russians and some Ukrainians staying in the country to escape the war that they must leave in the next two weeks, immigration officers said. The…
Sri Lanka
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London (04/11 – 50) US government last week intervened in a lawsuit triggered by Hamilton Reserve Bank in St Kitts & Nevis. Somehow, a small bank based in a county…
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President Wickremesinghe Delivers IMF Deal for Sri Lanka
by Long Nisayby Long NisayCopenhagen (13/11 – 37.5) When Ranil Wickremesinghe took over as Sri Lanka’s president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in…
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President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka
Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis. The approval is expected to…
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AsiaBusinessDefenseEconomyEnvironmentFeaturedGlobal NewsNational SecurityNewsPoliticsSri LankaWorld News
Notorious Benjamin Wey Sues Sri Lanka For $250 Million
by Dul Manyby Dul ManyLondon (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million. Wey claims that he was…
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Sri Lanka Remains in Economic Crisis, Impinges Human Rights
by Jay Akaraby Jay AkaraLondon (15/11 – 67) The streets in Colombo, Sri Lanka, erupted into celebration on July 13, 2022 after weeks of peaceful protests forced then-President Gotabaya Rajapaksa to flee the country. Rajapaksa, long…
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Sri Lanka Court Found Ex-President Contributed to Economic Crisis
by Xun Tianby Xun TianLondon (15/11 – 67) Colombo Supreme Court rules that former President Gotabaya Rajapaksa and his brother, former Prime Minister Mahinda, were among several government officials whose conduct contributed to Sri…
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Sri Lanka Reaches Agreement To Settle Chinese Debt
Paris (15/11 – 75) Sri Lanka has reached an agreement with the China Exim bank on the principles and terms of a $4.2 billion debt settlement, the country’s finance ministry…
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Sri Lanka’s Devastating Economic Crisis Continues
Brussels (16/11 – 83) Sri Lanka is still dealing with the aftermath of its most devastating economic crisis since independence, a government without popular support and intensifying geopolitical competition in its neighborhood, a year after…
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When Corrupt Politicians Waltz into the Debt Trap
Toronto, Atlanta (28/11 – 20) A wise old expression intones “Behind every bad borrower is a bad lender”. Like many such cute, amusing aphorisms, it is accurate as far as…