Economy
World / Countries / MNCs Sri Lanka is steadily plunging into a deep economic emergency but the unfolding crisis can act as an eye opener for those nations who are heavily depending on China's loans with the belief that the borrowing from the Asian giant can catapult them to prosperity. more
Sri Lanka declares emergency over acute food shortages
Colombo: Sri Lanka has declared an emergency over food shortages due to a lack of foreign exchange to finance imports amid a hard-hitting economic crisis.