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Ceylon Association of Shipping Agents (CASA) has gifted 100 bicycles to the port
"It’s the overall uncertainty in the system," a market analyst said.
Ceylon Petrolem Corporation needs 554 million US dollars to import oil in June
Sri Lanka’s fuel crisis is proving beneficial for Thiruvananthapuram airport. SriLankan Airlines, owned by the government of the island nation, has chosen the capital as the refuelling and crew...Click on the headline to read the full story
By Easwaran Rutnam A protest march was held today to mark 50 days of the struggle at Galle Face in Colombo. The march, which began at Colpetty, saw the participation of trade unions, university students, and several ordinary citizens. The march went along Galle Road and through Galle Face where they were joined by religious […]
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Prime Lands Residencies PLC (PLR) has posted a record profit before tax of LKR 1,848 million for FY 2021/22 while maintaining a profit after tax of LKR 1,682 million. The company has announced an interim dividend of Cents Seventy (-/70 Cts.) per Ordinary Share for the year ended 31st March 2022. Commenting on the results, […]
Video: People cycle to GotaGoGama citing fuel crisis
The Go Gota Gama protest site at Galle Face marks 50 days today (Saturday). The protest began on 9th April after Sri Lanka began to suffer a serious economic crisis resulting in a shortage of fuel, gas and enforced power cuts. Protesters gathered at Galle Face, near the entrance to the Presidential
Investors are waiting for cues from budget proposals, new government's policies to achieve stability
Sri Lanka is receiving Russian crude oil that it will use to make fuel as the bankrupt nation faces crippling shortages of everything from gasoline to diesel.The post Sri Lanka Takes Russia Oil as...Click on the headline to read the full story
The Philippines says it is ready to evacuate its nationals employed in Sri Lanka, owing to the economic crisis. Malacañang, the Philippines President’s Office, said that it has advised overseas Filipino workers (OFWs) who are seeking repatriation from Sri Lanka to get in touch with either the Philippine embassy in Dhaka or the Honorary Consulate […]
Rajapaksa supporters' attack on unarmed protesters hit smalltimers who saw booming business at Gota Go Gama.
Russian oil is being supplied to Sri Lanka to produce fuel at its sole refinery as the bankrupt nation faces crippling shortages of everything from gasoline to diesel. The Russian grade of Siberian Light will be processed at Ceylon Petroleum Corp.’s refinery in Sapugaskanda,chairman Sumith
An International Monetary Fund (IMF) team has concluded a virtual mission to Sri Lanka during which it was noted that Sri Lanka must give an assurance that debt sustainability will be restored. The IMF team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan authorities during May 9-24 on […]
The Prime Minister's office was targeted by the protesters for the first time.
IMF has advised Sri Lanka top seek debt restructuring as early as in April 2020, officials have told a parliament panel
New Prime Minister is expected to present a new budget with higher tax, reduced government spending
Police has discovered hoarding of fuel worth 20.5 million rupees in the past few days.
analysts say the site has been drying up since the appointment of New PM, Ranil Wickremesinghe on May 12
Analysts expect market to fall with government's expected fiscal consolidation plan
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
“What the international community is looking for is long-term policy credibility and sustainability."
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Normal and expected levels in the Port of Colombo, despite the economic and political crisis
Australia’s cricketers have raised ethical concerns about touring Sri Lanka at a time the people are suffering with power cuts and other issues. However, according to the Australian Associated Press the players have said they will support a decision from officials to precede with next month’s tour. Australia are due to fly out to Sri Lanka […]
USAID Administrator Samantha Power has assured Prime Minister Ranil Wickremesinghe USAID support. USAID Spokesperson Rebecca Chalif said that Power held a call with Prime Minister Ranil Wickremesinghe to discuss how USAID is responding to the country’s political and economic crises. Administrator Power expressed her sympathy for those Sri Lankans who were killed or injured in the […]
Sri Lanka's 2022 economic growth will see the worst ever contraction in its history - CB chief