basil rajapaksa

Rishi Sunak tops first round of voting in Tory leadership contestFormer finance minister Rishi Sunak led the field of Conservative MPs bidding to become Britain’s next Prime Minister in the first ballot of Tory lawmakers on Wednesday, as…

Faced with massive protests triggered by an unprecedented economic crisis, Sri Lankan President Gotabaya Rajapaksa fled the country Tuesday night. What happens next, and what does it mean for the once-powerful Rajapaksa clan? THE ROADMAP *…

<!-- -->Colombo: Basil Rajapaksa, Sri Lanka's former finance minister, tried to flee to Dubai amid the wave of protests in the country but had to stay back after people at the airport identified him and immigration officers refused to…

<!-- -->During Basil Rajapaksa's tenure, Sri Lanka began to suffer acute shortages of food, fuel and medicines.Colombo: Another member of Sri Lanka's ruling family quit public office on Thursday, denying responsibility for an economic…

Sri Lanka's former finance minister Basil Rajapaksa has decided to step down from his parliamentary seat, as the 21st Amendment to the Constitution that seeks to bar dual citizens from holding any top public office is ready to be tabled in…

As Sri Lanka's worst economic crisis deepens, neighbour India has been providing furl to the island country, to aid stabilizing its domestic economy. According to a tweet by the Indian embassy in Sri…

COLOMBO: Sri Lanka's largest opposition party rejected an invitation from the president on Monday to form a unity government, as protests continued throughout the country over its worst economic crisis in memory and deepening mistrust in…

The Sri Lankan government on Tuesday announced a USD 1.2 billion economic relief package amidst a severe foreign exchange crisis even as Finance Minister Basil Rajapaksa claimed that the country will not default on its international debt…

The New-York based rating agency said it will be difficult for the government to meet its external debt obligations in 2022 and 2023 in the absence of new external financing sources. Fitch has downgraded Sri Lanka’s sovereign rating to…

COLOMBO: Sri Lanka has sought a $500 million credit line from India to pay for its crude oil purchases amid a severe foreign exchange crisis in the island nation. The move came few days after energy minister Udaya Gammanpila warned that the…