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Tag Archives: Sri Lanka

Sri Lanka reinstates ousted PM, begins uneasy truce

Colombo, Sri Lanka | AFP | Sri Lanka’s president on Sunday reappointed as prime minister the same man he sacked from the job nearly two months ago, ending a power struggle and immediately setting off an uneasy cohabitation government. Ranil Wickremesinghe, whose shock dismissal in late October threw Sri Lanka …

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Protests as Sri Lanka cuts tax on sugary drinks

Colombo, Sri Lanka | AFP | Sri Lanka Saturday slashed a tax on sugary drinks in a controversial reversal of an anti-diabetes policy that attracted immediate criticism. The finance ministry ordered an immediate 40 percent reduction in the levy as part of a package of tax cuts launched by the …

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IMF: Sri Lanka stabilising after bailout

Colombo, SRI LANKA | AFP |  Sri Lanka’s economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday. The Washington-based International Monetary Fund said it had just concluded its first review of …

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Sri Lanka seeks spiritual help to reduce accidents

Colombo, Sri Lanka | AFP |  Sri Lanka’s police sought spiritual help from Buddhist clergy Monday to bless an accident-prone highway in a country that has some of the world’s most dangerous roads. Police at Mawathagama, about 100 kilometres (60 miles) north-east of Colombo, directed three saffron-robed monks to bless …

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