Sri Lanka's President Ranil Wickremesinghe

Sri Lanka needs well-designed political and economic policy changes for long-term recovery

The government has taken steps to address shortages of fuel and gas to some extent when compared to the earlier situation which had long queues that stretched for kilometres outside fuel and gas stations. But a well-planned recovery plan still cannot be seen that can address the long-term food security issues. 

More on REGION

Bangladesh gives nod to two foreign flight operators

The Bangladesh government has given permission to two more foreign air operators -- Turkish Airlines and Air Arabia -- to operate regular flights to and from Dhaka from July 1

Sri Lanka delays reopening tourism, lifts curfew ahead of polls

Sri Lanka has decided to delay reopening the country to foreign tourists by at least two weeks, but lifted its nationwide curfew on Monday as the island-nation prepares to hold parliamentary elections in the coming weeks

World Bank’s IDA agrees to provide US$ 60 mn to Sri Lanka for COVID-19 Emergency Response

The International Development Association (IDA) of the World Bank Group has decided to further increase the financial support agreed to provide to the Government of Sri Lanka for the COVID-19 emergency response, the Minister of Higher Education, Technology, Innovation and Information and Mass Media, Dr. Bandula Gunawardena said

Pakistan Stock Exchange comes under terror attack

Terror gripped Pakistans economic hub Karachi on Monday when terrorists attempted to storm the Pakistan Stock Exchange (PSE) building, which resulted in the deaths of 10 people, including the four militants who were gunned down by law enforcement agencies

Pakistan-Afghansitan Ghulam Khan border reopens

Pakistan's North Waziristan District Administration on Monday reopened the Ghulam Khan crossing point on the Pakistan-Afghanistan border after over three months closure due to the COVID-19

Pakistan reopens Kartarpur corridor on Maharaja Ranjit Singh's death anniversary

The Kartarpur Corridor, to facilitate pilgrim passage between Pakistan and India, was reopened Monday after three-and-a-half months to commemorate the death anniversary of Sikh Maharaja Ranjit Singh

Hoteliers express gratitude to Bhutan king

With the fiscal measures, especially the loan interest waiver, coming to an end on June 30, hotelier Kencho Lham was worried

Jailed ex-president charged with money laundering, bribery

Former Maldives President Abdulla Yameen Abdul Gayoom has been charged with corruption offences relating to the leasing of R. Fushidhiggaru island to be developed as a resort island

Would have resigned had Nasheed asked: Ex-president Waheed

Former President Dr Mohamed Waheed Hassan Manik on Sunday revealed that had then-President Mohamed Nasheed asked him, he would have resigned as Vice President of Maldives when Nasheed stepped down as president on February 7, 2012

Emirates to resume flights to Maldives from July 16

Dubai-based carrier Emirates announced Monday that it will resume passenger flights to the Maldives from July 16

Four terrorists killed in attempt to storm Pakistan Stock Exchange

Security forces killed four terrorists who attempted to storm the Pakistan Stock Exchange compound in Karachi on Monday

India records 19,459 new corona cases, 380 deaths in 24 hours

India on Monday witnessed a spike of 19,459 cases in last 24 hours, pushing the total tally to 548,318, according to the Ministry of Health and Family Welfare

PM Modi outlines economic reforms, says several sectors 'unlocked'

As the economy goes through a tough time amid the coronavirus pandemic, Prime Minister Narendra Modi on Sunday outlined steps taken recently for economic liberalisation under the Atmanirbhar Bharat (self reliant India) package whereby the government opened up coal mining and space exploration for private players

India accused of blocking development of East Container Terminal in Colombo

India has thwarted the development of the East Container Terminal at the Colombo Port, Sri Lanka's opposition politicians said

Sri Lanka PM requests international lenders to grant debt relief to recover from COVID-19 crisis

Sri Lanka Prime Minister Mahinda Rajapaksa has requested the global lenders to temporarily halt debt recovery in order to safeguard the economic conditions of the COVID-19 affected communities