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Sri Lanka's rubber products can grow up to 30% in US dollar revenue if uninterrupted power supply ensured
Central bank has run out of reserves and is guidance rate
The Government is targeting US $5bn this year for repayments, plus a further US $1bn to bolster the country’s reserves, Prime Minister Ranil Wickremesinghe said today. The Prime Minister, during a meeting today with representatives from the Joint Chambers, elaborated that discussions with the IMF are proceeding and he was hopeful that negotiations would conclude […]
[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
"It's okay to criticise us, but we ask that you do not discourage farmers from growing," he said.
France has gifted Sri Lanka anesthetics and respiratory medications worth 300,000 Euros
Police has discovered hoarding of fuel worth 20.5 million rupees in the past few days.
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
“What the international community is looking for is long-term policy credibility and sustainability."
The United Nations (UN) has assured assistance to Sri Lanka in addressing the current economic challenges. Foreign Minister Prof. G. L. Peiris met the UN Resident Coordinator in Colombo, Hanaa Singer- Hamdy to discuss multiple impacts arising out of the current economic situation in the country such as supply of essential items, concerns regarding food […]
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Motorists around the country have queued for fuel, but the government was unable to supply.
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
Cabraal has been prevented leaving the country from April 7
Forex shortage disrupt energy supplies to industries
[…]The post A Cabinet Of Patriotic Opportunists appeared first on Colombo Telegraph.
The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis
The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.
Sri Lanka sees long queues for fuel around the country
People have started street protests demanding cooking gas from the government.
Prime Minister Ranil Wickremesinghe today painted a gloomy picture for Sri Lanka saying the country will face an even more difficult time period in the short term. In an address to the nation today, the Prime Minister said that there are petrol stocks only for a single day, there is a possibility that the daily power […]
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
In the next few weeks we will face the most difficult time
"I also wish to inform you that we will extend our support as a responsible opposition to correct decisions."
"Every day that passes, the future of this country is put at greater risk."
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
[…] The post Galle Face Struggle – A Short Resume Of Recent Events! appeared first on Colombo Telegraph.
[…] The post Defiance & Desperation appeared first on Colombo Telegraph.
[…] The post What’s Next, After The Rajapaksa Clan & #GotaGoGama Are Both Gone? appeared first on Colombo Telegraph.
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.