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Ceylon Association of Shipping Agents (CASA) has gifted 100 bicycles to the port
"It’s the overall uncertainty in the system," a market analyst said.
Ceylon Petrolem Corporation needs 554 million US dollars to import oil in June
[…]The post Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
[…]The post What Can Ranil Get Done? appeared first on Colombo Telegraph.
Investors are waiting for cues from budget proposals, new government's policies to achieve stability
An International Monetary Fund (IMF) team has concluded a virtual mission to Sri Lanka during which it was noted that Sri Lanka must give an assurance that debt sustainability will be restored. The IMF team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan authorities during May 9-24 on […]
IMF has advised Sri Lanka top seek debt restructuring as early as in April 2020, officials have told a parliament panel
New Prime Minister is expected to present a new budget with higher tax, reduced government spending
Police has discovered hoarding of fuel worth 20.5 million rupees in the past few days.
Analysts expect market to fall with government's expected fiscal consolidation plan
“What the international community is looking for is long-term policy credibility and sustainability."
USAID Administrator Samantha Power has assured Prime Minister Ranil Wickremesinghe USAID support. USAID Spokesperson Rebecca Chalif said that Power held a call with Prime Minister Ranil Wickremesinghe to discuss how USAID is responding to the country’s political and economic crises. Administrator Power expressed her sympathy for those Sri Lankans who were killed or injured in the […]
Sri Lanka's 2022 economic growth will see the worst ever contraction in its history - CB chief
Sri Lanka state run and private bus fares will go up by an average of 19.5 percent
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Motorists around the country have queued for fuel, but the government was unable to supply.
[…]The post The Politics Of Default appeared first on Colombo Telegraph.
In our expectations the economy will contract at the highest rate than in any other year in history
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
Forex shortage disrupt energy supplies to industries
[…]The post Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards appeared first on Colombo Telegraph.
It has 90,000 metric tonnes of Siberian Light Crude
Money printing triggers excess outflows, forcing the currency down and triggering parallel exchange rates
[…]The post Hold Elections & Avert A Dual-Power Crisis appeared first on Colombo Telegraph.
India extended an additional USD 500 million credit line to help Sri Lanka import fuel as the country has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in...Click on the headline to read the full story
The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations
The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.