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The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
By Ifham Nizam Many professionals including medical specialists were spending days and nights in fuel queues, but the engineers of the Ceylon Electricity Board had no such problem as the government giving priority to supplying fuel for power generation, a senior Power and Energy Ministry official said. Despite everyone else undergoing untold hardships trying to […]
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
[…]The post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
Sri Lanka is struggling to find dollars to import fuel
[…]The post 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur appeared first on Colombo Telegraph.
[…]The post Good Bye Ranil; “Welcome” President Dulles Alahapperuma appeared first on Colombo Telegraph.
India has surpassed China to become the top lender to Sri Lanka, as the former came to the rescue when Sri Lanka started experiencing some acute shortage of foreign currency from the beginning of the year which reached a breaking point in March causing a complete collapse of the country’s
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the crucial issue of the Sri Lanka crisis.The post Indian government calls an all-party meet on Sri Lanka crisis appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
An eye witness piece by Economy Next reporters who share what they saw in July 9 Sri Lankan revolution.
The gas shortage left many families unable to cook meals to feed themselves.
Protesters, however, vowed to agitate as planned and oust Gotabaya Rajapaksa
Protesters have vowed to agitate near Presidential residence until Rajapaksa resigns
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment
Some analysts said the market was expecting a 300 basis point rate hike on Thursday
Says economy could contract 7-pct in 2022
Sri Lanka is desperate for foreign currency earnings through tourism
Fuel shortage has led the country almost to a stand still.
[…]The post The Financial Crisis – Mismanagement, Fear Or Collusion? appeared first on Colombo Telegraph.
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 $4.3 billion […]
Economic activities have significantly slowed down due to fuel shortage.
[…]The post Child’s Guide To True Cost Of Activities: Concept Of Opportunity Cost appeared first on Colombo Telegraph.
Sri Lanka is facing risk of increased power cut
[…]The post Mission Impossible appeared first on Colombo Telegraph.
The main stock index has fallen 4.4$% in the last two sessions.
[…]The post As Our Economy Collapses, Going Green With Solar Energy & Ovens: It Is Fun & The Future appeared first on Colombo Telegraph.