The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]

Providing financial and technical assistance towards the switch to renewable energy technologies The United Nations Development Programme (UNDP) in Sri Lanka together with the Sri Lanka Sustainable Energy Authority (SLSEA) has commenced an initiative to strengthen rural economies, increase forest cover, improve the living standards of rural women, and sustainable industries and small and medium en...

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after the new government took office, according to a report by Reuters.Discussions with the multilateral lender started in April under former President Gotabaya Rajapaksa. The Sri Lankan government hopes to secure an Extended Fund Facility (EFF) – which would be […]

We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake

(UNFPA) When Ruchika found out she was pregnant with her second child in October last year she felt confident that she knew what to expect. Nine months later, she spent the day before her due date in a fuel queue pleading with an army officer and restless crowds so she could buy fuel to get […]

COLOMBO, 28 July 2022 – Nearly one in three parents responding to Save the Children’s survey in June 2022, have noticed negative changes in their children’s behaviour in the last 6 months.   Since the beginning of the economic crisis, children have showed signs of distress and withdrawal. The survey of more than 2,300 families across nine districts […]

Sri Lanka fuel queues still remain as is faces dollar shortage to buy fuel

By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]

Police search FSP office By Rathindra Kuruwita The government was carrying out a psychological operation to prevent the people from taking to the streets as the economic crisis deepens, Frontline Socialist Party (FSP) Propaganda Secretary, Duminda Nawagamuwa said yesterday, following a police raid of their Colombo office. Nawagamuwa said that a policeman, and 10 men […]

Investors eye on LIOC, plantation shares

Newspapers, TV programmes and video presentations have been dealing with the terrible incident that occurred in the premises of the Presidential Secretariat and on the steps leading to it, at predawn on Friday 23 July. Cassandra feels compelled to present her opinion though it is one week from that day. Experts have dissected it and […]

Friday 29th July, 2022 Humans are born dreamers, and dreams keep them going. But for their propensity for dreaming, they would never have invented the wheel, much less flown. It may be said that life is a process of chasing dreams, with or without success. Grave crises like the one Sri Lanka is experiencing are […]

By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]

Main share index rises 1st time in 4 sessions

New govt dominated by Rajapaksa linked party

President Ranil Wickremesinghe and the government were planning to impose the most draconian Emergency regulations in the post-independence history and they would further diminish the country’s chances of receiving assistance from the international community, Education Secretary of the Frontline Socialist Party (FSP) Pubudu Jagoda, said yesterday.Jagoda said the Emergency passed in Parliament woul...

The world has just been given a grim reminder of the mind-numbing costs of legitimate political dissent against state repression in Myanmar. The country’s military rulers have had no qualms about executing four pro-democracy activists, including well known political activist Kyaw Min Yu and former legislator Pho Zayar Thaw. Besides being made to witness absolute […]

Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]