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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.
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.
The firm will continue to airlift the medical supplies gifted by other countries free of freight Charges
A man who had been waiting in a fuel queue for days in Batagoda, in the Kalutara District has died. The 63-year-old man had been waiting in the queue for at least 5 days. According to reports, the individual had been waiting in the queue to obtain diesel. A number of others have also died […]
INSEE Cement, Sri Lanka’s largest and leading cement manufacturer handed over 10,000 doses of Erythropoietin (EPO) vaccinations to the Ministry of Health today to address the shortage of medicine resulting from Sri Lanka’s current economic crisis. The donation valued at LKR 40 million, and procured
The Taliban in Afghanistan have appealed for international support, as the country deals with the aftermath of a devastating 6.1 magnitude earthquake. More than 1,000 people have been killed and at least 1,500 injured. Unknown numbers are buried in the rubble of ruined, often mud-built homes. South eastern Paktika province has been worst-hit and the […]
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 of the Government is to hold discussions […]
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’s commitment to Colombo will “dissipate.” Colombo – A more “proactive” role i...
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
Video: Can gas suppliers end the shortage? Thousands in line for Laugfs and Litro products
Dollar shortage continues to weigh on the rupee which has fallen to 370 against US dollar from 203 on March 7.
Stock index rebound from near 8-week low.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
Minister strongly denies claims of acute drug shortage.
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 […]
Video: Online education to resume tomorrow as fuel shortage forces schools to close (English)
Sri Lanka Police says that they are directing special attention with regard to the increasing use of bicycles by people in the country owing to the prevailing fuel shortage.
Protests beginning to father pace as petrol, diesel shortages threaten to bring the country to a standstill
Tankers have to wait for 5 hours to get diesel
[…]The post Ranil: A SWOT Appraisal appeared first on Colombo Telegraph.
Sri Lanka sees one of its worst fuel crisis due to dollar shortage.
Fuel crisis hits education institutions.
Sri Lanka motorists demand fuel as shortage has limited fuel supply.
[…]The post Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering appeared first on Colombo Telegraph.
Sri Lanka has to produce its seed paddy in the current season if is to have a better harvest in next Maha season.