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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 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 will likely be insufficient to meet normal needs. The situation has […]
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
In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood, the ANI reported.The post Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution appeared first on ONLANKA News :. Sri Lanka Breaking New...
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
By Ifham Nizam Many professionals including medical specialists were spending days and nights in fuel queues, but the engineers of the Ceylon Electricity Board had no such problem as the government giving priority to supplying fuel for power generation, a senior Power and Energy Ministry official said. Despite everyone else undergoing untold hardships trying to […]
Japan handed over the first consignment of a total donation of USD 1.5 million value of medicines being procured through UNICEF to address the severe shortage of medicines in hospitals and clinics in Sri Lanka. The vital assistance will be used to provide much-needed healthcare for children, pregnant mothers, and their families, especially in some […]
Chevron had imported lubricants on credit and had been hit as the rupee collapsed
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]
In response to the ongoing economic crisis in the country, the Government of Japan today handed over the first consignment of a total donation of USD 1.5 million value of medicines being procured through UNICEF to address the severe shortage of medicines in hospitals and clinics in the country.
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there, Gopal Baglay, high commissioner of India to Sri Lanka, told ThePrint in an interview.The post Long-term investments in Sri Lanka are India’s plan to...
Covid-19 confirmed cases and deaths are on the rise since early this month, official data show
[…]The post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.
Along with fuel shortage, the power cutting still prevails
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
People who cannot register for the National Fuel Pass with the chassis number will be able to register with the revenue licence beginning Friday (July 29), the Minister of Power and Energy Kanchana Wijesekera said.The post National Fuel Pass: users able to use revenue licence to register from Friday (July 29) appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Sri Lanka Latest News...
Cabinet has been informed that there is no move to enforce 12-hour power cuts, despite the fuel crisis, Cabinet Spokesman Bandula Gunawardena said today. He said that Power and Energy Minister Kanchana Wijesekera had informed the Cabinet yesterday that the authorities will manage the fuel stocks and ensure the power cuts are limited to around […]
Sri Lanka is struggling to find dollars to import fuel
Indian billion dollar credit line also works Undiyal fashion
[…]The post Economy Should Be The Top Priority Of The New (Or More Correctly The Old) Government appeared first on Colombo Telegraph.
The Tamil Nadu government dispatched the third tranche of relief material to crisis-hit Sri Lanka. With this, the total aid from MK Stalin’s government has crossed 40,000 tonnes of relief material. Stalin had earlier moved a resolution in the Tamil Nadu Assembly to send humanitarian aid to Sri Lanka. The first tranche was sent in […]
Schools start after more than one month closure due to fuel shortage
Sri Lanka is facing “a very serious crisis” that makes India naturally worried, External Affairs Minister S. Jaishankar told an all-party meeting on Tuesday (July 19) and dismissed suggestions about such a situation arising in India.The post Serious crisis in Sri Lanka, worry about spillover – Jaishankar appeared first on ONLANKA News - Sri Lanka News - Latest News in Sri Lanka - Breaking Ne...
All Government and Government-approved private schools will reopen on 25th of July, the Education Ministry said. Schools were earlier scheduled to reopen on 21st of July. However, considering the fuel shortage the Education Ministry has decided to postpone the reopening of schools till next week. The Provincial Secretaries of Education, Provincial Directors of Education, Zonal […]