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The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.The post World Bank’s IFC to provide Sri Lanka with $400 million financing appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
A decision has not been taken to suspend the fuel pass QR code system from April, Power and Energy Minister Kanchana Wijesekera said today. There were reports that the fuel pass QR code system will be suspended from 10th April. However, Wijesekera said the system will continue. He said that data will be analysed and […]
Sri Lanka President Ranil Wickremesinghe says a separate unit will be established to send military personnel overseas to assist in times of health crises.The post Sri Lanka President pledges a new chapter for the field of Military Medicine appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Government is to introduce non-paying wards in private hospitals, President Ranil Wickremesinghe said. Wickremesinghe said that the Government is looking at the possibility of introducing paying wards in Government hospitals and non-paying wards in private hospitals. He said the Government will take the tab for the treatment made in non-paying wards in private hospitals. […]
The Human Rights Commission of Sri Lanka (HRCSL) has decided to conduct a special probe into the shortage and soaring prices of medicines, following a petition lodged in this regard.
Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]
By Rathindra Kuruwita The government was planning to reduce the salaries of those in the health sector by 15 percent, Government Medical Officers’ Association (GMOA) spokesman, Dr. Chamil Wijesinghe said yesterday. “On 13 February, the Secretary to the Ministry of Health issued a circular instructing the reduction of our salaries by 15 percent. The Ministry […]
Minister of Education Susil Premajayantha says there is a shortage of teachers who have applied for evaluation of answer sheets of the G.C.E. Advanced Level examination.
By Rathindra Kuruwita There was no way the Health Minister could ensure the quality of the drugs that are not registered in Sri Lanka, the President of the College of Medical Laboratory Science (CMLS), Ravi Kumudesh, told The Island yesterday. Recently, Minister Keheliya Rambukwella said in Kandy that it took between six to 12 months […]
Sri Lanka has secured Japanese assistance to run government hospitals. The Japanese Ambassador Mizukoshi Hideaki yesterday (22) signed an Exchange of Notes, with the Secretary to the Treasury, Mahinda Siriwardana, at the Presidential Secretariat. for a humanitarian grant assistance of USD 46 million in providing diesel fuel for public hospitals, across the country, Earlier, China provided […...
President Ranil Wickremesinghe today revealed China’s refusal to agree to the same conditions placed by India and the Paris Club when restructuring Sri Lanka’s debt. He said that the International Monetary Fund (INF) had proposed that all of Sri Lanka’s main creditors reach a consensus on restructuring Sri Lanka’s debt. Wickremesinghe said that while the […]
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.
Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.The post Sri Lanka to make $2.6 billion in loan repayments in first half of year appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Is it a curse to be living in these times in this country? It feels like it is so. For we do not find peace of mind in anything, anywhere. Everything is working against the ordinary citizens of the country. The prices of bare necessities of life like food, fuel, electricity, water, transport, health care, […]
By Easwaran Rutnam German companies operating in Sri Lanka have raised the red flag with some warning they will be compelled to withdraw from the country if the import ban continues, Daily Mirror learns. Sri Lanka has slapped an import ban on several items owing to the shortage of US dollars, but Germany has urged […]
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions.The post IMF said to discuss Sri Lanka loan approval even as China stalls appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
The Election Commission is to file a special motion before the Supreme Court on the difficulties it is facing on holding the Local Government (LG) elections on 9th March. Adequate funds not released by the Treasury, shortage of fuel and delays in printing the ballot papers are some of the issues. The Treasury has informed […]
Islamabad [Pakistan], February 6 (ANI): Former Pakistan Finance Minister Miftah Ismail has said that things on the economic front will “remain tight” as the economy faces a severe liquidity crunch, Geo News reported. Pakistan is seeking an installment of USD 1.1 billion from the International Monetary Fund to avoid default. In a tweet, Ismail stated, […]
50 to 60 apply for leave each month to work abroad By Rathindra Kuruwita Between 50 and 60 doctors apply for leave each month, for employment abroad, Government Medical Officers Association (GMOA) spokesman, Dr. Chamil Wijesinghe, says.Dr. Wijesinghe told The Island that some doctors might have left the country without obtaining leave. “Unfortunately, the Ministry […]
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions. Under a rarely used policy on lending into official arrears, the IMF may consider approving Sri Lanka’s loan because China’s assurance is the only prerequi...
By Rathindra Kuruwita There is a serious shortage of cancer drugs at the Maharagama Apeksha Hospital, Paediatric Oncologist Dr. Sanjeewa Gunasekera said yesterday. Addressing the media, he said that they were now managing with donations from philanthropists. “If anyone wants to help us please contact the hospital director. We have a special unit to coordinate […]
[…]The post People’s Power Under Siege Within Sri Lanka’s ‘Demo-Crazy’! appeared first on Colombo Telegraph.
A number of doctors have reported a severe shortage of medicines at several hospitals, including the Maharagama Cancer Hospital.
Debt-stricken Sri Lanka is fast-tracking efforts to seal a stalled trade pact with Thailand in order to boost trade and tourism, and improve the foreign currency shortage that has led to its worst economic crisis, a government minister said on Tuesday.The post Sri Lanka to fast-track trade pact with Thailand amid crisis appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...
Islamabad , February 5 (ANI): Pakistan rules the illegally occupied parts of Kashmir and Gilgit Baltistan with an iron grip and treats its citizens as if they are second-rate, according to a report in Inside Over. The entire Pakistan-occupied Kashmir (PoK), recently erupted in riots after the Pakistani government decided to further weaken the identity […]
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines, and a depleted foreign exchange reserve insufficient […]
The Government Printer has stated that if funds are not provided ballot papers will not be printed, the National Election Commission said on Monday (February 13).The post Ballot papers will not be printed without funds – Government Printer appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Ceylon Electricity Board (CEB) today warned of a serious crisis if the demand for an increase in electricity tariffs is not approved. The Public Utilities Commission of Sri Lanka (PUCSL) is to announce, on Wednesday, its decision over a request made by the Ceylon Electricity Board to increase tariffs. The matter was discussed when the […]
The All Ceylon Medical Officers Association (ACMOA) says that a serious shortage of equipment used for medical services has emerged in the country despite the fact that a proper solution has still not been provided for the prevailing acute shortage of drugs.