The Latest Breaking News from Sri Lanka

Savings evaporate, businesses face closure and the Sri Lankan poor struggle to eat as value of the rupee plummets.

NEW YORK: US authorities said they had arrested a Japanese yakuza organised crime leader and three Thai men who trafficked heroin and methamphetamine and tried to acquire surface-to-air missiles for rebel groups in Myanmar and Sri Lanka.

Sri Lankan business leaders are calling for an end to the country’s political instability amid public demands for the president to resign over alleged economic mismanagement, warning that failure to do so would lead to economic catastrophe

Sri Lanka's President Gotabaya Rajapaksa has yet to accept the resignation of Ali Sabry as finance minister, ruling party lawmaker Kanchana Wijesekera told parliament on Friday.

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.

The head of Sri Lanka's main opposition party said on Friday it would move a no-confidence motion in parliament against the government if it does not take measures to address the country's financial crisis and improve governance.

Last Sunday -- with two notable exceptions -- Sri Lanka's cabinet resigned en masse in protest against the government's handling of the worst economic crisis to hit the island in decades, which has sparked widespread rioting, unrest, and arson attacks on police property.

The tourism-reliant island nation faces one of its worst financial and political crises.

Sector recording good recovery numbers since pandemic struck

Sri Lanka’s national medical association is warning that hospitals will be unable to provide emergency services in coming weeks because of critical shortages of drugs and medical equipment caused by the country’s economic crisis, leading to a catastrophic number of deaths if supplies aren’t replenished

On a telephonic conversation with Union Minister S. Jaishankar, Mr. Stalin also expressed concerns over the incidents of assault on T.N. fishers by the SL Navy