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The Sri Lanka Air Force is set to receive aircraft loading and refuelling equipment from the Department of Defense in 2023 under the Building Partner Capacity Program. To prepare the Sri Lanka Air Force on how to handle the equipment, a Mobile Training Team event was organized by the 36th Contingency Response Squadron at Montana […]
India has emerged as the largest bilateral lender for Sri Lanka, overtaking China. India has provided a total of 968 million US dollars in loans to the island nation in four months of 2022. In the past five years from 2017-2021, China has been the largest bilateral lender to Sri Lanka. Asian Development Bank (ADB) has […]
(PTI) The Sri Lankan government will virtually brief all its external creditors, on September 23, on the deal agreed with the International Monetary Fund (IMF) for the economic recovery and the next steps in the debt restructuring process. On September 1, the IMF reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement […]
Lanka Private Bus Owners Association (LPBOA) states that the government should clarify the facts regarding why the fuel prices have not been reduced in the country despite the fact that crude oil prices have dropped in the global market.
The Sri Lankan authorities continue negotiations with Russia on the provision of a loan to buy Russian fuel, Sri Lankan Minister of Transport and Highways and Minister of Mass Media Bandula Gunawardena said on Saturday in an interview with Sputnik.The post Sri Lanka, Russia continue talks on loan for Russian oil products appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANK...
The Sri Lankan authorities continue negotiations with Russia on the provision of a loan to buy Russian fuel, Sri Lankan Minister of Transport and Highways and Minister of Mass Media Bandula Gunawardena said on Saturday in an interview with Sputnik.
[…]The post How We Came To This Pass – On The “Non-Rule Of Law System” appeared first on Colombo Telegraph.
The week ended on September 15 saw 1027 suspected dengue cases reported in 23 districts
Investor sentiment has turned buoyant after IMF comments
Unloading of a petrol (92 Octane) cargo of 37,000 metric tonnes and a crude oil cargo of 100,000 metric tonnes will commence today (September 16), Minister of Power and Energy Kanchana Wijesekera said.The post Two fuel cargos to be unloaded today – Energy Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka still struggles to smoothen its fuel distribution due to forex shortage created by money printing
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population is food insecure and that one out of […]
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.The post Sri Lanka’s economy shrinks 8.4% amid fertiliser, fuel shortages appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
Services PMI goes above 50, manufacturing recovery seen in some sector
‘IMF won’t maintain ministers, excess staff’ By Shamindra Ferdinando Dissident SLPP MP Prof. G. L. Peiris has alleged that the failure on the part of Parliament to fulfil one of its primary obligations, namely the responsibility for public sector finance caused the current crisis. The incumbent government had been compelled to seek the International Monetary […]
By Rathindra Kuruwita Those who claimed that privatisation was the panacea for Sri Lanka’s economic ills had to present information about privatise institutions first, Janatha Vimukthi Peramuna (JVP) leader Anura Kumara Dissanayake said on Wednesday at a conference on privatisation of state assets. Dissanayake said that the SLPP had campaigned in 2019 and 2020 on a […]
High inflation, rising commodity prices, power shortages and a fuel crisis has had a crippling effect on the livelihoods of all Sri Lankans. As published by UNICEF, seven out of ten families in Sri Lanka are cutting down their food intake, reducing portion sizes, and eating cheaper but less nutritious food, causing a desperate need […]
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island’s battered economy starts to stabilise after a preliminary loan agreement with the IMF. India has been the biggest provider of aid this year to […]
Shares have been on the rise mainly on positive sentiment after the IMF comments.
A group of U.S. Senators have tabled a resolution calling for economic support and advice for Sri Lanka. Senators Bob Menendez, Dick Durbin, Patrick Leahy, and Cory Booker have tabled the resolution before the US Congress. The resolution supports the peaceful democratic and economic aspirations of the Sri Lankan people, urges the Sri Lankan security […]
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island's battered economy starts to stabilise after a preliminary loan agreement with the IMF.The post India plans no more funding for Sri Lanka as IMF talks progress appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
Agriculture contracted 8.4 percent, industry 10 percent and services 2.2 percent.
"If the ministry is able to sign a contract with a supplier now, we should have coal by the end of next month."
[…]The post Downward Spiralling Economy: Increased Govt Spending & Reduced Revenue appeared first on Colombo Telegraph.
Existing vaccination centres around the country will continue to operate all seven days of the week as usual
Kiddoz, Sri Lanka’s first-ever Baby and Kids online marketplace, has been unveiled as the latest venture of leading Sri Lankan company LIMRA Holdings Limited. Kiddoz is being developed in close consultation with the esteemed E-commerce Consultant, Fathhi Mohammed (Co-Founder of PickMe Sri Lanka), who has come on board as a Strategic Consultant. Kiddoz is a […]
The Core Group on Sri Lanka has, in a draft resolution that is to be presented to the 51st session of the United Nations Human Rights Council (UNHRC), called upon the government of Sri Lanka to address the ongoing economic crisis and help ensure it does not happen again by investigating and prosecuting corruption including […]
Market sees over 600 million rupees of net foreign inflow
"Sri Lanka needs to work collectively to solve the food issue in the face of the global food crisis."
Market saw net foreign inflow for the 18th session in the last 21.