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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country. The anti-government sentiment across various parts of Sri ...
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Hela Apparel Holdings operates four design centres in Sri Lanka, the United States, France and the United Kingdom. The company have eleven manufacturing plants, seven in Sri Lanka, and two each in Ethiopia and Kenya. [2] The company is one constituent of the S&P Sri Lanka 20 Index since June 2022. [3]
The Channel's daily news bulletin the State of Business is a key business current affairs program in Sri Lanka and conducts prominent business forums. [7] The company has also ventured into local reality series platform partnering with The Model Network, Sri Lanka and Ford Models, New York for the Ford Supermodel of Sri Lanka search. [8]
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