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Sri Lanka is facing one of its worst economic crisis in the history.
Sri Lanka has seen long queues across the country waiting for fuel amid severe dollars shortage.
The United Kingdom (UK) has relaxed its travel advice on Sri Lanka. Issuing an updated travel advice, the UK Foreign Office said that it no longer advises against all but essential travel to Sri Lanka. The UK noted that economic situation in Sri Lanka is challenging with shortages of basic necessities including medicines, cooking gas, […]
Rupee has collapsed and fallen over 70 percent since central bank allowed flexible fox rate
Prime minister had expected food shortage to become severe in August.
Businessman Dhammika Perera’s name has been gazetted as a Member of Parliament from the Sri Lanka Podujana Peramuna (SLPP). SLPP’s General Secretary Sagara Kariyawasam said Dhammika Perera’s name had been proposed to the Election Commission to fill the National List seat in Parliament made vacant following the resignation of former Finance Minister Basil Rajapaksa. Perera […]
Dhammika Perera is widely speculated to be appointed as a cabinet minister - SLPP sources
Customers are sending questionaries to exporters on a daily basis inquiring about the country's situation.
The Government is looking to provide food free of charge to 10% of the population, Prime Minister Ranil Wickremesinghe said. He said that due to the pending food shortage he was launching a food security program in the country. Prime Minister Ranil Wickremesinghe added that he was hopeful that through the food security program the […]
The United Nations team in Sri Lanka and non-governmental organisations launched a joint Humanitarian Needs and Priorities (HNP) Plan today, calling for US$47.2 million to provide life-saving assistance to 1.7 million people worst-hit by the economic crisis over a four-month period, from June to September. This directly responds to the Government of Sri Lanka’s request […]
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
Sri Lanka had been expecting its worst food crisis in Aughts this year.
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
Business tycoon and one of the most wealthiest people in Sri Lanka, Dhammika Perera, is tipped to enter Parliament. He is likely to replace former Finance Minister Basil Rajapaksa who is set to resign from his MP seat tomorrow. Dhammika Perera will enter Parliament through the National List of the Sri Lanka Podujana Peramuna (SLPP). […]
The measures include a surcharge for petrol users and sharp increase in revenue licence.
The main index fell for the 10th session in the past 11 on economic and political instability worries.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.
"We have to work hard from this point onwards to ensure the next harvest is a success."
“We know that farming families who cultivate paddy on small lands are in a very precarious position."
Crop shortfalls due to fertilizer and fuel shortages
SLC expects a considerable collection from ticket sales
Says guidance rate has reduced volatility
Private bus operations countrywide will be limited with effect from today (June 06) owing to the current fuel shortage, Lanka Private Bus Owners’ Association Chairman Gemunu Wijeratne said...Click on the headline to read the full story
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
[…]The post RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis appeared first on Colombo Telegraph.
Money printing creates forex and fuel shortages
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
Power cuts which had been reduced due to G.C.E. ordinary level examination resume again
Sri Lanka's rice production has dropped by around 40 percent due to fertilizer ban.