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Speaker Mahinda Yapa Abeywardena today refused to divert from the Parliament agenda and discuss the ongoing crisis in the country. Independent MP Wimal Weerawansa questioned the failure of the Parliament to focus on the fuel issue today instead of discussing others matters. The Speaker responded
The daily life of the general public is at risk of being further disrupted relative to the last week due to the limitation of transport services as a result of the fuel crisis.
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"With this, we expect to meet our needs without shortages, and also to reduce prices through competition," he said.
IMF has estimated a sharp contraction in the economic growth this year.
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IMF is expected to issue a statement on its discussions with Sri Lankan officials on Thursday.
Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene
The main stock index has fallen 4.4$% in the last two sessions.
Troops in Sri Lanka handed tokens on Monday to people queueing for petrol amid a severe fuel shortage in the nation battling its worst economic crisis in seven decades, while schools shut in Colombo...Click on the headline to read the full story
Stocks fall for the first time in five sessions.
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Online classes will be held on Monday 27 and Friday July 01, the ministry said.
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Market has risen throughout the week, but in thin trade.
by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lanka’s economic implosion and a humanitarian crisis of regional impact. Under indictment are the policies of President Rajapaksa, who is too bent on Chinese positions. For China, the Quad’
Indian delegation comes as Sri Lanka is highly depending on Indian credit line for its fuel and other essentials.
Stocks have been on a downward trend mainly due to higher interest rates
Sri Lankans are still waiting in long queues for days to buy fuel and cooking gas amid power cuts as the crisis deepens.
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim
Brokers see downward trend to continue in the next few weeks until interest rates come down.
by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lanka’s economic implosion and a humanitarian crisis of regional impact. Under indictment are the policies of President Rajapaksa, who is too bent on Chinese positions. For China, the Quad’
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
Stock index rebound from near 8-week low.
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Long queues near filling stations were seen across Sri Lanka due to fuel shortage.
Australia today insisted that Sri Lankans who arrive by boat will not be accepted. Home Affairs Minister Clare O’Neil will visit Sri Lanka on Monday as the South Asian neighbour continues to struggle with its economic and humanitarian crises. The trip also follows the interception of multiple asylum seeker boats travelling to Australia from the […]
Protests beginning to father pace as petrol, diesel shortages threaten to bring the country to a standstill
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Sri Lanka sees one of its worst fuel crisis due to dollar shortage.