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Investors bought the risky assets despite high interest rates.
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Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
"We also have to limit selected imports in order to balance the payments for fuel."
Calls for unity in a country torn apart by nationalism and monetary instability
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely that we now initiate a system for such importation from our own export income […]
ECONOMYNEXT – Sri Lanka has paid the money for a diesel ship lying at the port and advance deposits have been made for another two ships, Energy Minister Kanchana Wijesekera said.“Payments made yesterday for a Diesel Cargo & will begin discharging today,” Minister Wijesekera said in a twitter.com message.“Further Part Advance payments made to 1 Petrol cargo & 1 Di...
assport of a British national, Kayleigh Fraser, who had posted about the protests on social media, seized
Minister of Power Energy Kanchana Wijesekera, in a tweet about an update on fuel purchases, said payments were settled yesterday for a shipment of diesel.
Meegoda Police have arrested the driver of a fuel bowser, his assistant and two other individuals who were attempting to illegally sell a 6,600 litre bowser load of diesel.
A leading human rights group has accused the new Sri Lanka Government of cracking down on dissent. The Sri Lankan Government is using emergency regulations to harass and arbitrarily detain activists seeking political reform and accountability for the country’s economic crisis, Human Rights Watch said today. Since Ranil Wickremesinghe was sworn in as President on July […]
by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
By Kalinga Tudor Silva One of the important ways, the current economic crisis in Sri Lanka has directly impacted our lives is having to go through long and seeming unending queues, to access petrol, diesel, kerosene and even our dear passports. Queues have multiplied, sprung up on either side of the road and across the […]
Market sees highest turnover in more than two months.
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The decision that was valid for three months has been cancelled with immediate effect.
Minister of Power and Energy Kanchana Wijesekera has issued an update regarding registering multiple vehicles on the National Fuel Pass for government vehicles, organizations and businesses.
The Tamil National Alliance (TNA) on Monday announced that it will support President Ranil Wickremesinghe’s efforts to form an all-party national government to help the country to recover from the worst economic crisis.The post TNA to support forming of all-party government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Reserves depleted for debt repayment, imports and some capital flight
Petrol, kerosene prices unchanged
IMF Bailout agreement at the end of the month? President Ranil Wickremesinghe says it is not the right time for former President Gotabaya Rajapaksa to return to the country as it could inflame political tensions. In an interview with The Wall Street Journal, the President has been reported as having said: “I don’t believe it’s […]
by Sanath Nanayakkare As the 3rd and 4th quarters of the Year 2022 are also likely to gravitate towards a tough time, the Bank of Ceylon needs to continue to focus on efficient handling of its resources and finances, BOC Chairman Kanchana Ratwatte said yesterday. He made these remarks when the Bank marked its 83rd […]
Turnover hit its highest since June 7
The price of Auto Diesel has been reduced by Rs. 10, the Ceylon Petroleum Corporation (Ceypetco) said. Accordingly, the new price of a litre of Auto Diesel will be Rs. 430. However, the prices of all other fuel products will remain unchanged. (Colombo Gazette)
The Ceylon Petroleum Corporation (Ceypetco) has reduced the price of Auto Diesel by Rs. 10 with effect from 10.00 p.m. today (01).
National Fuel Pass to be Implemented Island-wide from today (01)System Successfully Trialled at 1,000 Fuel Stations
The Ceylon Petroleum Corporation (CEYPETCO) has reduced the price of Auto Diesel by Rs. 10 with effect from 10:00 PM today (August 01).The post CEYPETCO reduces price of Auto Diesel appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.