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Apple supplier Foxconn Technology Group is suspending operations at its factory in Chengdu, capital of southwestern Sichuan province, for six days amid a regional electricity shortage that has put pressure on iPad supplies ahead of the US tech giant’s annual product launch. The Chengdu campus of Foxconn, formally known as Hon Hai Precision Industry, is shutting down all […]
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
[…]The post Reliance On Repression Will Worsen Current Crisis appeared first on Colombo Telegraph.
by Jehan Perera Early this year the government under President Gotabaya Rajapaksa amended the Prevention of Terrorism law. It accepted the position that the law was in violation of international standards and wanted to show it was committed to improving its human rights record. The ground was set to mitigate the pressures from the UN […]
Kerosene was out of stock in the market as Sri Lanka’s sole oil refinery that produced kerosene remained shut.
Sindh [Pakistan], August 12 (ANI): Pakistan’s Sindh province is facing a critical issue due to the unavailability of potable water as most of the surface water bodies in the province are polluted and require adequate treatment to make it fit for consumption, stated a survey carried out by the Pakistan Council of Research in Water […]
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.
By Rathindra Kuruwita Health Minister Keheliya Rambukwella on Monday (15) falsely had declared that the State Pharmaceutical Corporation (SPC) had begun the manufacture of new medicines, omperozole 20mg, levothyroxine 50mg, President of the College of Medical Laboratory Science (CMLS), Ravi Kumudesh said yesterday. “The Minister made this statement at an event purportedly to launch those [&#...
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 JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
Egg price is rs.65 and flour per kg is rs.310.
Broiler chicken and egg prices in Sri Lanka will rise further due to the shortage of dollars and the current economic crisis, manufacturers say.The post Price of an egg to hit Rs.70 in Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
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 Leaping Without Looking From Gota’s Vistas To Ranil’s Vistas 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
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 that we now initiate a system for such importation from our own export income […]
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.
The prices of a Litro domestic LP gas cylinder will be reduced from 05 August 2022. Litro Chairman Muditha Pieris said that the price will be reduced in line with the world gas price. Muditha Pieris said that the gas shortage in the market has been addressed and distribution will be back to normal within […]
[…]The post Ranil’s Biggest Woe: What To Do When Fiscal & Monetary Policies Have Failed & Are Still Falling? appeared first on Colombo Telegraph.
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake