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Sri Lanka has yet to solve its dollar shortage crisis.
IMF has estimated a sharp contraction in the economic growth this year.
Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday (June 29) to demand the government resolve a severe fuel shortage at the heart of the Indian Ocean island's worst...Click on the headline to read the full story
[…]The post Mission Impossible appeared first on Colombo Telegraph.
Video: Sri Lanka's public transport services in disarray due to fuel shortage (English)
IMF is expected to issue a statement on its discussions with Sri Lankan officials on Thursday.
T-bill yields jumped across the tenure at the weekly auction on Wednesday.
Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene
“We were promised fuel last Friday, but we didn’t get it. At this point. we don’t even have fuel to report to work."
[…]The post Should Aragalaya Consider A Political Movement Led By Nagananda, Fonseka & Hirunika? appeared first on Colombo Telegraph.
"China will try all-out efforts to sustain the Sri Lanka's School Meal Programme for at least six months."
Sri Lanka is trying to boost foreign expatriate population to increase remittances
The main stock index has fallen 4.4$% in the last two sessions.
Interbank transactions announced by the CBSL rose to 359.90, edging up 40 cents from the previous day’s 360.30.
[…]The post System Change Plus Politician Change Through Elections appeared first on Colombo Telegraph.
All Share Price Index fell 1.72 percent or 128.21 points to 7,323.70 at 1135 hours on June 28.
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
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
[…]The post As Our Economy Collapses, Going Green With Solar Energy & Ovens: It Is Fun & The Future appeared first on Colombo Telegraph.
Stocks fall for the first time in five sessions.
[…]The post Is Sri Lanka On The Brink Of Another Covid Wave? appeared first on Colombo Telegraph.
The directive came into effect as of Friday June 24.
Online classes will be held on Monday 27 and Friday July 01, the ministry said.
[…]The post Preventing Crooks From Entering The Parliament appeared first on Colombo Telegraph.
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’s commitment to Colombo will “dissipate.” Colombo (AsiaNews) – A more “proactive...
The eleventh death was that of a 63-year-old man inside his vehicle on Thursday (23).
shortage of another 163 critical over the […]
Importers are struggling to open letter of credit while exporters converted dollars reluctantly.
Indian delegation comes as Sri Lanka is highly depending on Indian credit line for its fuel and other essentials.