Live News of Sri Lanka April 21, 2024

Salvage Crews Focus On Debris Removal At Key Bridge

Salvage crews are currently focused on removing the thousands of tons of debris that landed on the Dali, a cargo ship involved in the collapse of the Francis Scott Key Bridge in Baltimore. The ship veered...Read More

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IMF Supports Sri Lanka's Debt Discussions With Bondholders

The International Monetary Fund (IMF) has expressed its readiness to support Sri Lanka in its discussions with bondholders regarding the country's mounting debt. This comes as Sri Lanka grapples with a challenging economicRead More

Container Ship Dali Initiates General Average Declaration Process

The owner of the container ship Dali, responsible for the tragic collapse of Baltimore’s Francis Scott Key Bridge, has taken steps to require owners of the cargo on board to contribute to the salvage costs. Grace...Read More

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Sri Lanka's Economic Crisis And Debt Restructuring Efforts

Sri Lanka is currently facing a significant economic crisis, with mounting debt levels posing a serious challenge to the country's financial stability. The government has been actively engaged in efforts to restructure itsRead More

Sri Lanka Struggles With Bondholder Debt Restructuring

Sri Lanka is facing economic challenges as it struggles to reach an agreement with bondholders on restructuring terms. The country has failed to come to terms with its creditors, leading to uncertainty about its ability toRead More

Federal Probe Focuses On Electrical System In Bridge Collapse

Following the tragic collapse of Baltimore’s Francis Scott Key Bridge, federal investigators are honing in on the electrical power system of the container ship involved in the incident. The National Transportation Safety BRead More

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World Bank Projects 2.2% Growth For Sri Lanka In 2024

The World Bank has revised its growth forecast for Sri Lanka, projecting a positive outlook for the country's economy in 2024. The latest forecast indicates a growth rate of 2.2%, reflecting an improvement from previous esRead More

Sri Lanka's Inflation Rate Drops To 0.9% In March

Sri Lanka's key inflation rate fell to 0.9% in March, indicating a positive trend in the country's economy. This decrease in inflation is a significant development that can have various implications for consumers, businessRead More

Bridge Collapse In Baltimore Draws Comparisons To Obama-Produced Film

Images from the shocking bridge collapse in Baltimore have sparked online comparisons to a recent film produced by Barack and Michelle Obama about a cargo ship under cyberattack. The White House has clarified that the inciRead More

Cargo Ship Crew Safe After Bridge Collapse Near Baltimore

A crew member on the DALI cargo ship confirmed the safety of all 22 members on board following the collapse of the Francis Scott Key Bridge on Tuesday. The Apostleship of the Sea director, Andy Middleton,...Read More

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US Embassy In Singapore Coordinates With Maritime Authority After Bridge Collapse

The US Embassy in Singapore has been in contact with the country’s Maritime and Port Authority following the collapse of the Francis Scott Key Bridge in Baltimore, as confirmed by State Department spokesperson Matthew MillRead More

Cargo Ship Alters Course, Strikes Bridge In Baltimore

A Singaporean-flagged cargo ship collided with the Francis Scott Key Bridge in Baltimore on Tuesday, as confirmed by an analysis of MarineTraffic ship-tracking data. The data revealed that the ship altered its course and vRead More

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Singaporean-Flagged DALI Container Ship Hits Baltimore's Key Bridge

A Singaporean-flagged container ship named DALI collided with the Francis Scott Key Bridge in Baltimore, causing a significant maritime incident. The incident was confirmed by data from a maritime monitoring site and a CoaRead More

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Sri Lanka Cuts Rates By 50 Bps To Boost Growth

Sri Lanka has recently announced a significant reduction in its policy rates in an effort to stimulate economic growth. The country's central bank has lowered the rates by 50 basis points, a move that is aimed...Read More

Mcdonald's Sri Lanka Stores Close After Partnership Deal Ends

McDonald's has closed its stores in Sri Lanka following the end of a deal with its local partner, according to a lawyer familiar with the situation. The fast-food giant's departure from the island nation comes after...Read More

Mcdonald's Closes Stores In Sri Lanka After Partnership Ends

McDonald's has closed its stores in Sri Lanka following the end of its deal with a local partner, according to a lawyer familiar with the situation. The fast-food giant's departure from the country comes after a...Read More

IMF And Sri Lanka Reach Agreement On Bailout Review

Sri Lanka has successfully reached a staff-level agreement with the International Monetary Fund (IMF) on the second review of its bailout package. This agreement signifies a positive step forward for the Sri Lankan economyRead More

Foreign Students Attacked During Ramadan Prayers In India

Authorities in western India are investigating an incident where far-right Hindus allegedly attacked foreign university students offering prayers during the Islamic holy month of Ramadan. The clash occurred at Gujarat UnivRead More

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Foreign Students Attacked During Ramadan Prayers In India

Authorities in western India have launched an investigation after far-right Hindus allegedly attacked foreign university students offering prayers during the Islamic holy month of Ramadan, as religious tensions simmer aheaRead More

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