- The Guardian 18:00January 2, 2022‘There is no money left’: Covid crisis leaves Sri Lanka on brink of bankruptcyHalf a million people have sunk into poverty since the pandemic struck, with rising costs forcing many to cut back on foodCoronavirus – latest updatesSee all our coronavirus coverageSri Lanka is facing a deepening financial and humanitarian crisis with fears it could go bankrupt in 2022 as inflation rises to record levels, food prices rocket and its coffers run dry.The meltdown faced by the government, led by the strongman president Gotabaya Rajapaksa, is in part caused by the immediate impact of the Covid crisis and the loss of tourism but is compounded by high government spending and tax cuts eroding state revenues, vast debt repayments to China and foreign exchange reserves at their lowest levels in a decade. Inflation has meanwhile been spurred by the government printing money to pay off domestic loans and foreign bonds. Continue reading...
< Sri Lanka, Food security, South and Central Asia, World news, Global development, Global economy, Business, Economics, Coronavirus, Society >
- Business Insider 19:47December 22, 2021Sri Lanka will use tea to pay off its $251 million oil debt to IranSri Lanka is undergoing severe financial stress, highlighted by a fall in foreign-exchange reserves against high external debt payments, says Fitch.
< Markets, MI Exclusive, Tea, Sri Lanka tea, Sri Lanka tea oil debt Iran, Oil, Currency, Iran >
- New York Times 13:00December 7, 2021Sri Lanka’s Plunge Into Organic Farming Brings DisasterThe economically troubled country banned chemical fertilizers without preparing farmers, prompting a surge in food prices and worries about shortages.
< Sri Lanka, Agriculture and Farming, International Trade and World Market, Economic Conditions and Trends, Fertilizer, Hazardous and Toxic Substances, Shortages, Prices (Fares, Fees and Rates), Vegetables, Tea, Food, Rajapaksa, Gotabaya >
- The Guardian 20:51December 3, 2021Man tortured and killed in Pakistan over alleged blasphemyGovernment accused of having emboldened extremists after lynching of Sri Lankan in SialkotA mob in Pakistan tortured, killed and then set on fire a Sri Lankan man who was accused of blasphemy over some posters he had allegedly taken down.Priyantha Diyawadana, a Sri Lankan national who worked as general manager of a factory of the industrial engineering company Rajco Industries in Sialkot, Punjab, was set upon by a violent crowd on Friday. Continue reading...
< Pakistan, South and Central Asia, Pakistan's blasphemy laws, Religion, Islam, World news, Sri Lanka >
- The Guardian(UK) 17:48November 30, 2021Home Office U-turn on Sri Lankan scientist’s asylum claimDr Nadarajah Muhunthan and his family faced deportation to Sri Lanka where he experienced tortureThe Home Office has U-turned on plans to deport a leading scientist carrying out groundbreaking research into affordable forms of solar energy and allowed him and his family to remain in the UK.Initially, the Home Office rejected the asylum claim lodged by Dr Nadarajah Muhunthan, 47, who has been living in the UK since 2018 with his wife, Sharmila, 42, and their three children, aged 13, nine and five. Continue reading...
< Immigration and asylum, UK news, Home Office, Politics, Sri Lanka, South and Central Asia, World news >
- New York Times 12:00November 6, 2021India's Treatment of Muslims Erodes Its Moral High GroundThe hard-line attitude of Narendra Modi’s ruling party toward Muslims has undermined the nation’s reputation as a voice for tolerance in South Asia.
< India, Bangladesh, Pakistan, Sri Lanka, Hinduism, Nationalism (Theory and Philosophy), International Relations, Minorities, Muslims and Islam, Human Rights and Human Rights Violations, Bharatiya Janata Party, Modi, Narendra >