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Selected firms will have to import fuel on credit and runs a currency risk
Indian Prime Minister Narendra Modi discussed the crisis in Sri Lanka at the G-7 summit in Germany. Modi was quoted as saying that India is helping Sri Lanka to ensure food security. “We have dispatched about 35,000 tonnes of wheat as humanitarian aid to Afghanistan in the last few months
Oil agents asks Central Bank, Treasury to deal directly with principals
The visiting high-level delegation representing the US State Department and US Treasury Department has met with Sri Lankan President Gotabaya Rajapaksa, a short while ago.
Sri Lanka has sought petrol and diesel from India on an urgent basis. The High Commissioner of Sri Lanka to India Milinda Moragoda met with the Minister of Petroleum & Natural Gas and Housing and Urban Affairs of India Shri Hardeep Singh Puri, today to discuss urgent matters pertaining to bilateral energy cooperation. The meeting […]
The Bar Association of Sri Lanka (BASL) has accused the authorities of misleading the public on the fuel supply. BASL noted that the Minister of Power and Energy held a press conference on 26th June 2022 and the information revealed at this press conference made it clear that the public have been kept in the […]
A high-level US delegation held talks with President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe in Colombo today. The US Ambassador to Sri Lanka, Julie Chung said that they discussed Sri Lanka’s economic crisis. “It’s a challenging time, but we continue to deliver assistance
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
Sri Lanka is sending two ministers to Russia to negotiate for fuel - one of the necessities that the Indian ocean island nation has almost run out of amid its ongoing economic crisis.The post Sri...Click on the headline to read the full story
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The last shipment under Indian credit line arrived in on June 16. There has been no shipment since then
“We’re ready to take it up,” said Dissanayake.
Companies with more than 60-pct dollar revenues will have to pay bills in dollars
Minister Gunawardena requested the public to limit nonessential travel and use fuel sparingly.
“Even today fewer than 10 per cent of buses are running. Drivers are on strike because they have no fuel."
Stocks fall for the first time in five sessions.
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
Sri Lanka unable to import fuel due to broken soft-peg
Promises inputs amid soft-peg crisis
ASPI down 2.06 percent at 1130 hours
Oil suppliers wary to supply Sri Lanka after recent downgrades
ECONOMYNEXT – Sri Lanka’s exports grew 9.9 percent to 980.2 million US dollars in May 2022 from a year ago, the island’s Export Development Board said as the country grapples with the worst currency crisis in the history of its central bank.Export to United States, the largest
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A high-level delegation representing the U.S. Department of the Treasury and the U.S. Department of State arrived in Sri Lanka today. The delegation will be in Sri Lanka from June 26 – 29. Members of the delegation include Robert Kaproth, Deputy Assistant Secretary of Treasury for Asia, and Ambassador Kelly Keiderling, Deputy Assistant Secretary of […]
Sri Lankan Ambassador to the United States Mahinda Samarasinghe called on U.S. President Joe Biden recently, to brief him on the current situation in the crisis-hit island nation.
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