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Thousands of Sri Lankan farmers protested against the government demanding chemical fertilizer
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
Economic activities have significantly slowed down due to fuel shortage.
[…]The post Child’s Guide To True Cost Of Activities: Concept Of Opportunity Cost appeared first on Colombo Telegraph.
Empty streets reduce emissions, lack of chemical fertilizer promotes organic food
Sri Lanka is facing risk of increased power cut
Dollar shortage still weighs on Sri Lanka's essential imports.
Sri Lanka has yet to solve its dollar shortage crisis.
[…]The post Mission Impossible appeared first on Colombo Telegraph.
T-bill yields jumped across the tenure at the weekly auction on Wednesday.
The main stock index has fallen 4.4$% in the last two sessions.
Interbank transactions announced by the CBSL rose to 359.90, edging up 40 cents from the previous day’s 360.30.
[…]The post As Our Economy Collapses, Going Green With Solar Energy & Ovens: It Is Fun & The Future appeared first on Colombo Telegraph.
Importers are struggling to open letter of credit while exporters converted dollars reluctantly.
Stocks have been on a downward trend mainly due to higher interest rates
The firm will continue to airlift the medical supplies gifted by other countries free of freight Charges
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim of the Government is to hold discussions […]
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
Dollar shortage continues to weigh on the rupee which has fallen to 370 against US dollar from 203 on March 7.
Stock index rebound from near 8-week low.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
Minister strongly denies claims of acute drug shortage.
Protests beginning to father pace as petrol, diesel shortages threaten to bring the country to a standstill
Passenger transport, goods transport hit
Sri Lanka's ongoing economic crisis has threatened a looming food crisis.
Manufacturing recover from April holiday
Three-wheel drivers blocked the Galle Road in Dehiwala today and obstructed traffic, demanding fuel. The three-wheel drivers accused the authorities of failing to resolve the fuel crisis. They said that the crisis has affected their day-to-day income as they have not been able to operate their three-wheel taxis. The drivers placed their three-wheelers across one […]
Currency crisis has triggered forex shortages
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."