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[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
Power and Energy Minister Kanchana Wijesekera says Sri Lanka has enough petrol but the diesel stocks have been prioritised for electricity generation. Speaking in Parliament today, Wijesekera said that there is no shortage of petrol in the market. He said that more petrol had been dispatched to fuel sheds yesterday. However, he said that while […]
Sri Lanka has decided to import gas from Thailand to meet its urgent demand. Cabinet approval has been obtained to import gas from Thailand’s Siam Gas Company. The Chairman of State owned Litro Gas, Vijitha Herath said that Siam Gas has agreed to supply gas to Sri Lanka. He said that the Thai company has […]
The Finance Ministry says the Sri Lankan government signed the USD 1 billion credit facility agreement with the Indian government, to facilitate Sri Lankan importers who faced many difficulties in opening Letters of Credit to import food and other essential items due to the shortage of foreign currency in the banking system and the market.
[…] The post A Child’s Guide To Currency Board Systems: How Colonial Ceylon Did It? appeared first on Colombo Telegraph.
Calling the ongoing economic crisis in Sri Lanka “unfortunate”, Israel’s envoy to India, Sri Lanka and Bhutan Naor Gilon said that the country can use its potential in tourism and agriculture to come back to stability. “Very unfortunate. I visited Sri Lanka to present my credentials just a couple of months ago. It’s a beautiful […]