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The Sri Lankan economic crisis [8] is a in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Protesters in Sri Lanka, where an economic crisis has upended people’s daily lives, were angry but not sorry to learn that President Gotabaya Rajapaksa had fled the country on Wednesday.
15 June – Rumesh Tharanga wins the Gold medal in the Javelin Throw event at the Asian Throwing Championships with a new Sri Lanka record of 85.45m. [77] 21 June – The Sri Lanka women's cricket team wins the ODI series against West Indies 3-0, for the first time in 16 years. [78]
The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country .
Sri Lanka has seen external instability from around late 2014 suffering two currency crises and low growth with the rupee falling from 131 to 182 to the US dollar by 2018. [6] Foreign debt rose from 30% of gross domestic product in 2014 to 41.3% in 2019 while total debt went up from 76% to 86% as growth slowed amid [ 7 ] Sovereign bond ...
The Sri Lanka People's Freedom Alliance (SLPFA), led by Mahinda Rajapaksa, won a large majority in the 2020 Sri Lankan parliamentary election on 5 August 2020. [14] During their tenure, the government under President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa faced multiple crises, including the COVID-19 pandemic and an economic crisis, which culminated into widespread protests ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
News 1st Digital launched its website, newsfirst.lk [16] in 2007. newsfirst.lk is Sri Lanka's first trilingual website and provides the latest news updates and breaking news in English, Sinhala and Tamil for local, business, political, lifestyle, entertainment and sports news. In August 2013, the newsfirst.lk English website was awarded a ...