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Sri Lanka is facing a looming food shortage after ban on fertilizer import
The government also banned rackets although eliminating rackets may be a tough nut to crack
The UK no longer advises against all but essential travel to Sri Lanka
A fuel shortage at fuel stations across the country today was caused by a delay in unloading the cargo. Minister of Power and Energy Kanchana Wijesekera said that there was a delay in unloading the super diesel cargo yesterday due to bank clearance issues. However, he said that discharging of the cargo commenced today. The […]
The main All Share Price Index (ASPI) fell 0.66%
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task. The appeal to China, the bankrupt Indian Ocean nation’s largest bilateral lender, has emerged as a formidable challenge to Wickremesinghe, who is […]
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task.The post Sri Lanka urges China to change tune on debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Yala cultivation of 512,000 ha would be record
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Update...
Sri Lanka has the fifth highest food price inflation in the world, according to the latest World Bank Food Security assessment. Sri Lanka is only behind Lebanon, Zimbabwe, Venezuela and Turkey, according to the World Bank. The Food Security Update states that there is high food inflation in almost all low and middle-income countries. Sri […]
Lithium batteries remain on the banned list
Sri Lanka ranked 5th among the 10 countries with the highest food price inflation in the latest World Bank assessment.The post Sri Lanka among top 5 countries with highest food price inflation – World Bank appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka is among the top 10 countries with the highest food price inflation. The latest World Bank assessment places Sri Lanka at number 5 among countries hardest hit by food price inflation. Lebanon is leading the list followed by Zimbabwe, Venezuela and Turkey. Iran, Argentina, Suriname, Ethiopia, and Moldova and behind Sri Lanka. The […]
India has given Sri Lanka import credit lines and also deferred payments under the Asian Clearing Union
Australia recently provided Sri Lanka 75 million US dollars in food and medicine aid.
[…]The post Prelude To Elections appeared first on Colombo Telegraph.
Workers who appeared for the test will also be given the opportunity to appear in another field next year.
[…]The post Privatizing Sri Lanka Ex-Ante IMF Bailout Of BlackRock: Adani Greenwash In Mannar & Pooneryn appeared first on Colombo Telegraph.
[…]The post Country Has Fallen Due To The Socialist Thinking appeared first on Colombo Telegraph.
The Australian government will lift emergency aid to Sri Lanka to AU$ 75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia.The post Australia kicks in extra $25 million emergency aid to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
“Estimates should be taken and a court case should be filed, to find the people responsible."
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
"We are seeing the pressure on the rupee easing as a result of exports growing and imports contracting."
Wijesekera said the complaint also requests the CID to look into distribution irregularities.
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
Stocks fell in the last two sessions on profit taking
The grant was given in response to a request by Sri Lanka’s government.
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...
Sri Lanka’s economic crisis is driving millions of people into poverty, jeopardizing their rights to health, education, and an adequate standard of living, Human Rights Watch said today. Human Rights Watch said the Sri Lankan Government should work with relevant financial institutions and partners to establish a new social protection system and obtain debt relief, […]