Minimal impact seen from crisis in Sri Lanka

Family day out: A family carrying placards and Sri Lanka’s national flag walking towards a gathering of protesters at the entrance of the president’s office in Colombo. — AFP

KUALA LUMPUR: The economic crisis in Sri Lanka will have very little impact on Malaysia, as bilateral trade between the countries is not huge in the larger context, say economists.

On Tuesday, a foreign news agency reported that crisis-stricken Sri Lanka had defaulted on its US$51bil (RM215.8bil) external debt, calling the move a “last resort” after running out of foreign exchange to import desperately needed goods.