Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014

To carry the extra fuel, we can't carry all the freight we like to into the country

President Rajapaksa fled the country after mass-protest triggered by forex shortages from money printing

Wijesekara tweeted that the ship will arrive at the Colombo port Thursday night.

These new rates, proposed by the CEB, have been approved by the PUCSL, will be effective next month, he said.

It will be reopened upon the anticipated arrival of a crude oil shipment on August 13, he said.

The decision was made “despite several objections raised against the proposed scheme,” the PUCSL said.

“Human Rights Watch is extremely concerned by the draconian and abusive state of emergency currently in effect."

by Jehan Perera The government appears to have secured political stability in the short term.  So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept.  It is a necessary element for international support to come in.  One of the IMF’s conditions […]

By Gomi Senadhira The press release by the Central Bank on the external sector performance ,in June 2022, perhaps was the first piece of good news we had received for a long time. According to the press release, “Earnings from merchandise exports, in June 2022, increased by 23.9 percent over the corresponding month, in 2021, […]

The above statement was made by Manusha Nanayakkara our Labour & Foreign Employment Minister. How the Minister is going to do it is not known.I wish to make a few suggestions to the Minister for his consideration to implement his proposal. Tourists, migrant workers and the dual citizens were the people whom the Minister referred […]

After the collapse of the Sri Lankan economy, attention has turned to the state of affairs in other South Asian countries such as Pakistan, Bhutan and Bangladesh. All three countries have either curtailed imports or are planning to do so, to salvage their fast-depleting foreign exchange reserves and avoid a Lanka-like forex crisis. While the […]

The National movement for Social Justice (NMSJ) said that it is gravely concerned about a number of actions taken by the Ranil Wickremesinghe administration in recent days.NMSJ chairman, former Speaker, Karu Jayasuriya said that it is their belief that the arrests of Joseph Stalin, the General Secretary of the Ceylon Teachers’ Union, Palitha Atampola and […]

Rupee depreciation, dues from government-owned institutes and overpaid overstaff are prominent reasons for the loses

Sri Lanka's tax revenue is one of the lowest in the world in terms of GDP ratio.

Friday 5th August 2022 Sri Lanka’s struggle to shore up its crumbling economy continues, and there are no signs of promised foreign assistance materialising anytime soon. The Cabinet has just retained the services of some foreign firms for external debt restructuring, which is one of the main conditions for the IMF bailout package. When the […]

by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]

Calls for unity in a country torn apart by nationalism and monetary instability

assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized

by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL:  Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]