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India

Shihar Aneez

Sri Lanka's political crisis spurs tourists to cancel in peak season

06 Dec 2018

COLOMBO Sri Lanka's travel industry is starting to suffer the fallout of a political crisis in the middle of its peak tourist season, as uncertainty prompts cancellations by both business and leisure visitors.

Sri Lanka's political crisis spurs cancellations at peak tourist period

06 Dec 2018

COLOMBO, Dec 6 Sri Lanka's travel industry is starting to suffer the fallout of a political crisis in the middle of its peak tourist season, as uncertainty prompts cancellations by both business and leisure visitors.

Rating agencies downgrade Sri Lanka amid political crisis

04 Dec 2018

COLOMBO Credit rating agencies Fitch and Standard & Poor's downgraded Sri Lanka on Tuesday, citing refinancing risks and an uncertain policy outlook, after President Maithripala Sirisena's sacking of his prime minister in October triggered a political crisis.

Exclusive: Sri Lanka president weighs backing down in crisis over parliament - sources

03 Dec 2018

COLOMBO Sri Lankan President Maithripala Sirisena is considering dropping an attempt to dissolve parliament, sources close to the president said, possibly easing weeks of political deadlock.

Exclusive: Sri Lanka president weighs backing down in crisis over parliament - sources

30 Nov 2018

COLOMBO Sri Lankan President Maithripala Sirisena is considering dropping an attempt to dissolve parliament, sources close to the president said, possibly easing weeks of political deadlock.

Sri Lanka parliament halts ministers' salaries to pressure disputed PM

30 Nov 2018

COLOMBO Sri Lanka's parliament on Friday voted to halt payment of ministers' salaries and travel expenses, but it remained unclear how the move would impact the disputed government of Prime Minister Mahinda Rajapaksa whose ministers boycotted the vote.

Sri Lanka signs port deals with China amid political upheaval

29 Nov 2018

COLOMBO Sri Lanka penned two multi-million dollar contracts with Chinese firms for a port upgrade project on Thursday in the middle of a political hiatus that has raised doubts over the legitimacy of the government and the legality of the deals.

Sri Lanka agrees port deals with China amid political chaos

29 Nov 2018

COLOMBO, Nov 29 Sri Lanka signed two multi-million dollar contracts with Chinese firms for a port upgrade project on Thursday in the middle of a political hiatus that has raised doubts over the legitimacy of the government and the legality of the deals.

Sri Lanka's president says will not reinstate ousted PM

25 Nov 2018

COLOMBO A political impasse in Sri Lanka could be set to drag on longer after President Maithripala Sirisena said on Sunday he would not reinstate Ranil Wickremesinghe as prime minister even if he was able to prove his majority in parliament.

Sri Lanka state banks to borrow up to $1 billion abroad before end of 2018

22 Nov 2018

COLOMBO Sri Lanka's three state banks will borrow up to $1 billion from foreign sources before the end of 2018 and use the money to pay off maturing foreign loans, Finance Ministry Secretary S.R. Attygalle said on Thursday.

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