12 stories tagged #Sri Lanka

  1. Sri Lanka's Sudden Rate Hike Risks Derailing IMF-Backed Recovery
    finance

    Sri Lanka's Sudden Rate Hike Risks Derailing IMF-Backed Recovery

    Central Bank raises rates by 100 basis points to 8.75%, aiming to curb inflation and protect reserves, potentially stalling fragile growth.

    last wk. 1 min read
  2. Crackdown in Southeast Asia Pushes Scam Networks to Shift Base to Sri Lanka
    world

    Crackdown in Southeast Asia Pushes Scam Networks to Shift Base to Sri Lanka

    Following crackdowns in Cambodia and Myanmar, cyber scam networks are relocating to Sri Lanka attracted by relaxed visas and high-speed internet.

    2w ago 2 min read
  3. Senior Buddhist Monk Arrested in Sri Lanka for Alleged Child Sexual Abuse
    world

    Senior Buddhist Monk Arrested in Sri Lanka for Alleged Child Sexual Abuse

    A 71-year-old high-ranking Buddhist monk was arrested in Sri Lanka on charges of sexual abuse of an 11-year-old girl.

    3w ago 1 min read
  4. Sri Lanka Cracks Down on Cyber Scams, Arrests 261 Foreign Nationals
    world

    Sri Lanka Cracks Down on Cyber Scams, Arrests 261 Foreign Nationals

    Authorities detain Chinese and Vietnamese nationals in a sweeping crackdown on cyberscam operations, with arrests surging over the past weekend.

    3w ago 2 min read
  5. Iranian Sailors Return Home After US Torpedo Attack Strands Them in Sri Lanka
    world

    Iranian Sailors Return Home After US Torpedo Attack Strands Them in Sri Lanka

    Over 200 Iranian sailors stranded in Sri Lanka following a US torpedo attack on the Iris Dena warship have returned home after a month-long ordeal.

    last mo. 1 min read
  6. Sri Lanka Faces 'Triple Blow' from Cyclone and Global Conflicts
    world

    Sri Lanka Faces 'Triple Blow' from Cyclone and Global Conflicts

    Cyclone Ditwah devastated Sri Lanka, followed by a global economic downturn exacerbated by the Iran conflict, straining the nation's recovery efforts.

    last mo. 2 min read
  7. World Bank Cuts South Asia Growth Forecast to 6.3% Amid Middle East Crisis
    finance

    World Bank Cuts South Asia Growth Forecast to 6.3% Amid Middle East Crisis

    South Asia's economic growth expected to decelerate from 7.0% in 2025 to 6.3% in 2026 as Middle East conflict disrupts energy markets.

    2mo ago 1 min read
  8. Sri Lanka Launches $320M Energy Relief Package
    finance

    Sri Lanka Launches $320M Energy Relief Package

    President Dissanayake announces record subsidy for farmers and fishermen amid rising energy costs from Middle East conflict.

    2mo ago 1 min read