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IMF has estimated a sharp contraction in the economic growth this year.
President Rajapaksa government has accused Qatar Charity of funding terrorism activities and frozen its accounts.
"The same working arrangements will also apply to the Regional Consular offices."
Worst crisis in modern times
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IMF is expected to issue a statement on its discussions with Sri Lankan officials on Thursday.
Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene
A confirmed petrol shipment is due on 22nd July, Sagala Ratnayaka, Chief of Staff of Prime Minister Ranil Wickremesinghe said today. He said the Government was also attempting to secure fuel shipments at an early date. The Prime Minister met with editors and news directors of national newspapers and television stations this afternoon (29). The […]
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
Dhammika Perera has been backing successive government and held posts in some while running his businesses
Sri Lanka's past diplomatic misconducts under Rajapaksa have made it difficult for Sri Lanka - official
The main stock index has fallen 4.4$% in the last two sessions.
Sri Lanka has sought a credit line from Qatar for fuel and gas. Energy Minister Kanchana Wijesekera met with the Deputy Director General of the Qatar Fund for Development today. He said he discussed a possible credit line facility for petroleum and gas. “Was informed that funds has been allocated for medical supplies and will […]
After June 28, 2022, aircraft will have to carry their return fuel according to the CA notice to airmen (NOTAM)
Cabinet of ministers had given the approval to hike railway fares to meet the rising costs
The Government has decided to open the fuel import and retail sales market to companies from oil producing nations. Cabinet approval has been granted for the move, Energy Minister Kanchana Wijesekera said today. He said the companies will be selected on the ability to import fuel and operate without Forex requirements from the Central Bank […]
Selected firms will have to import fuel on credit and runs a currency risk
Oil agents asks Central Bank, Treasury to deal directly with principals
Sri Lanka has sought petrol and diesel from India on an urgent basis. The High Commissioner of Sri Lanka to India Milinda Moragoda met with the Minister of Petroleum & Natural Gas and Housing and Urban Affairs of India Shri Hardeep Singh Puri, today to discuss urgent matters pertaining to bilateral energy cooperation. The meeting […]
The Bar Association of Sri Lanka (BASL) has accused the authorities of misleading the public on the fuel supply. BASL noted that the Minister of Power and Energy held a press conference on 26th June 2022 and the information revealed at this press conference made it clear that the public have been kept in the […]
Troops in Sri Lanka handed tokens on Monday to people queueing for petrol amid a severe fuel shortage in the nation battling its worst economic crisis in seven decades, while schools shut in Colombo...Click on the headline to read the full story
Sri Lanka is sending two ministers to Russia to negotiate for fuel - one of the necessities that the Indian ocean island nation has almost run out of amid its ongoing economic crisis.The post Sri...Click on the headline to read the full story
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The last shipment under Indian credit line arrived in on June 16. There has been no shipment since then
Companies with more than 60-pct dollar revenues will have to pay bills in dollars
Minister Gunawardena requested the public to limit nonessential travel and use fuel sparingly.
“Even today fewer than 10 per cent of buses are running. Drivers are on strike because they have no fuel."
Stocks fall for the first time in five sessions.
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries