Colombo,July 13: Sri Lanka’s embattled President Gotabaya Rajapaksa on Wednesday fled to the Maldives on a military jet, hours before he was supposed to step down in the face of a public revolt against him and his family for mishandling the economy that has bankrupted the country. Prime Minister Ranil Wickremesinghe has declared a state […]Continue Reading
COLOMBO, APRIL 12: Crisis-stricken Sri Lanka defaulted on its $51 billion external debt on Tuesday, calling the move a “last resort” after running out of foreign exchange to import desperately needed goods. The island nation is grappling with its worst economic downturn since independence, with regular blackouts and acute shortages of food and fuel. Sri Continue Reading