Published: Jul 15, 2022
Sri Lankan president Gotabaya Rajapaksa submitted a letter of resignation on Thursday, a spokesperson for the parliament speaker said, hours after fleeing to Singapore following mass protests over an economic meltdown.
Published: Jul 10, 2022
Calm returned to the streets of Sri Lanka's commercial capital Colombo on Sunday and protesters were jubilant as President Gotabaya Rajapaksa agreed to resign after his house was stormed amid outrage over the South Asia nation's collapsing economy.
Published: Jun 14, 2022
If inflation rises above 50 per cent, it will have to face a hyperinflationary situation. Sri Lanka is currently facing preliminary stages of hyperinflation, similarly to those obtained in Zimbabwe and Indonesia, Professor of Economics, University of Colombo, Sirimal Abeyratne said.