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By SHIHAR ANEEZ Leaving his family and relatives was the hardest decision for Suren. But he had no other option.He never wanted to go abroad for work. An accountant by profession, Suren even had the opportunity to be promoted for a higher post at the private firm he was working at in Colombo. But he was […]
Sri Lanka's National Consumer Price Index (NCPI) rose to a new high of 73.7% in September from a year earlier, quickening from 70.2% in August, the statistics department said.The post Sri Lanka consumer inflation hits record 73.7% in September appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Ceylon Petroleum Corporation (CEYPETCO) today (October 21) said that it has not been able to make payments for a Crude Oil shipment of 100,000 metric tons anchored in the Port of Colombo.The post Sri Lanka unable to pay for Crude Oil shipment which reached port 40 days ago appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.
Sri Lanka approved legislation on Tuesday to let companies from oil-producing nations import and sell fuel as it attempts to cope with a steep oil bill that deepened its worst financial crisis in decades.The post Sri Lanka approves law to liberalize petroleum imports appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The move could allow investors to enter into petroleum products
By Saman Indrajith The JVP says President Ranil Wickremesinghe fears elections, given the UNP’s pathetic performance at the last general election (2020), where it failed to have at least a single MP elected by the people. JVP leader Anura Kumara Dissanayake, addressing the JVP-led NPP’s Kesbewa electoral organisation meeting on Saturday, said that the country […]
…..Opposition trying to drag country back to crisis: Wajira UNP Chairman and MP Wajira Abeywardena says that members of the last government had violated the Articles 147, 148, 149, 150 and 151 of the Constitution by announcing this country bankrupt.Addressing the media at party headquarters Siri Kotha in Kotte on Thursday, Abeywardena said: “Only Ranil […]
Children in Sri Lanka forced to leave school due to economic crisis
Trincomalee District Strategic Development Plan is not targeting elections, but a project that has been initiated to benefit future generations, Sri Lankan President Ranil Wickremesinghe said.The post Trincomalee District Strategic Development Plan not targeting elections, but a project to benefit future generations – President appeared first on Sri Lanka News - Latest Breaking News in Sri L...
Sri Lanka is to work with India to make Trincomalee an energy hub, President Ranil Wickremesinghe said. President Wickremesinghe said that the Trincomalee District Strategic Development Plan is not targeting elections, but a project that has been initiated to benefit future generations. He said that Sri Lanka values India’s assistance in implementing the Trincomalee District […]
Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
Sri Lankans have lost access to most medicine and medical supplies, setting them on course for a humanitarian disaster, Direct Relief reported. Unlike Russia’s invasion of Ukraine and the recent hurricane batterings of Puerto Rico and Florida, Sri Lanka’s crisis grew slowly and has garnered few international headlines. But Sri Lankans are suffering amid the […]
The Sapugaskanda Oil Refinery will be closed from today (October 07) due to the shortage in foreign exchange for crude oil cargo, announced Sri Lanka's Power and Energy Minister Kanchana Wijesekera.The post Sri Lanka’s Sapugaskanda oil refinery to be closed due to forex shortage appeared
Sri Lanka tourism is yet to see large foreign visitors after political crisis ended.
The minister said enough fuel stock is available with the state-run Ceylon Petroleum Corporation (CPC)
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
By DR L M K Tillekeratne Chairman of the National Development Committee of the ACBC It is a well-known fact that one the problems faced by Sri Lanka today is caused mainly by shortage of electricity for domestic purposes and industries. Three decades ago, only 20 % of houses had electricity
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.
[…]The post Repression Without Addressing Root Causes Will Add To Misery appeared first on Colombo Telegraph.
By Jehan Perera The economic situation in Sri Lanka continues to deteriorate on multiple fronts though slowly enough for people who can afford to pay higher prices not to notice too much. For the past four months or so there has been a relatively steady supply of petrol, diesel and cooking gas. The long queues […]
Exporters' main challenge is meeting orders due to fuel and power shortages and policy uncertainties.
Claiming that a recent report indicated that at least 32 Sri Lankan citizens go abroad every hour, Chairman of the National Movement for a Just Society Karu Jayasuriya said it was a sign of a country’s rapid decline.The post Recent report shows 32 Sri Lankans migrate every hour; sign of country’s rapid decline – Karu appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka ...
A meeting was held with the minister and other stakeholders on September 06
Thursday 22nd September, 2022 The government now has another problem to contend with, an unnerving one at that; it is troubled by the prospect of having to face an election, which it is scared stiff of. The Opposition is making the most of the SLPP’s fear of elections; it has gone into overdrive to pressure […]
Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades.The post Sri Lanka inflation rate surges to 70.2% in August appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Crisis-hit Sri Lanka is desperately looking for tourism earning to finance its imports