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A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Update...
Kerosene was out of stock in the market as Sri Lanka’s sole oil refinery that produced kerosene remained shut.
Workers who appeared for the test will also be given the opportunity to appear in another field next year.
Gunasekara said, under the current circumstances, the production cost per egg is 49 rupees which is above retail price.
By Samarakoon Bandara A large number of persons with Non Communicable Diseases (NCD) are not taking prescribed medicines due to economic difficulties, and thus hospitals are filling up due to complications, Dr. Palitha Rajapaksha, the assistant secretary of the Government Medical Officers Association (GMOA) says. There were about three million people, over 60 years, and […]
In August alone 2,924 new cases were recorded in Sri Lanka, with 84 deaths attributed to the disease.
The grant was given in response to a request by Sri Lanka’s government.
The manufacturing PMI declined to 41.4 from 44.1
[…]The post Looking At The Problem Of The Point Of View Of The State appeared first on Colombo Telegraph.
After much thought and careful consideration of the emerging geo-political scenario in the Indian Ocean region, Sri Lanka has asked China to defer the arrival of the Yuan Wang 5 research and survey vessel to the Hambantota port. Initially, the Yuan Wang 5 received permission to dock at the southern Hambantota Port through a Foreign […]
90 percent of fuel distribution in Sri Lanka is done by the state-run Ceylon Petroleum Corporation.
[…]The post Protest Movement Can Rebound Unless Government Legitimacy Is Restored appeared first on Colombo Telegraph.
by Jehan Perera The government appears to have secured political stability in the short term. So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept. It is a necessary element for international support to come in. One of the IMF’s conditions […]
[…]The post Leaping Without Looking From Gota’s Vistas To Ranil’s Vistas appeared first on Colombo Telegraph.
[…]The post A Lament Of The Tragedy Of Our Times appeared first on Colombo Telegraph.
Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]
The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing an unprecedented economic meltdown with inflation in July hitting a record 60.8% and the country still facing […]
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
[…]The post Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya appeared first on Colombo Telegraph.
Calls for unity in a country torn apart by nationalism and monetary instability
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely
by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
The Tamil National Alliance (TNA) on Monday announced that it will support President Ranil Wickremesinghe’s efforts to form an all-party national government to help the country to recover from the worst economic crisis.The post TNA to support forming of all-party government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
in the banking system. Such shortage of […]
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves
No queue travail for the lucky few By Ifham Nizam While many other state-sector professionals including medical specialists and other health workers are spending days and nights in fuel queues, engineers of the Ceylon Electricity Board are not feeling the pinch thanks to the government giving priority to supplying fuel for power generation, a senior […]
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
Sri Lanka fuel queues still remain as is faces dollar shortage to buy fuel