Sri Lankan energy companies said on Monday they were running low on stocks of liquid petroleum gas mainly used in cooking, as shortages of foreign exchange put renewed pressure on the island nation.

Sri Lankan President Gotabaya Rajapaksa declared a state of emergency on Friday following a day of anti-government strikes and protests over the country's deep economic crisis that saw police use tear gas on two occasions.

Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s worst economic crisis in decades, a prominent lawmaker said Friday.

Sri Lanka’s financial crisis is a classic example of what populist policies, corruption and mismanagement can lead a country to, which is a lesson for South Asian countries that lack good governance and has politicised administration, speakers told a webinar today (April 24, 2022).