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Passenger transport, goods transport hit
Manufacturing recover from April holiday
Three-wheel drivers blocked the Galle Road in Dehiwala today and obstructed traffic, demanding fuel. The three-wheel drivers accused the authorities of failing to resolve the fuel crisis. They said that the crisis has affected their day-to-day income as they have not been able to operate
Currency crisis has triggered forex shortages
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying
Sri Lanka has seen long queues across the country waiting for fuel amid severe dollars shortage.
Customers are sending questionaries to exporters on a daily basis inquiring about the country's situation.
The United Nations team in Sri Lanka and non-governmental organisations launched a joint Humanitarian Needs and Priorities (HNP) Plan today, calling for US$47.2 million to provide life-saving assistance to 1.7 million people worst-hit by the economic crisis over a four-month period, from June to September. This directly responds to the Government of Sri Lanka’s request […]
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited
Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.
Crop shortfalls due to fertilizer and fuel shortages
SLC expects a considerable collection from ticket sales
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
[…]The post RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis appeared first on Colombo Telegraph.
Money printing creates forex and fuel shortages
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
Sri Lanka is facing food shortage due to President Rajapaksa's fertilizer ban and dollar shortage
Sri Lanka's rubber products can grow up to 30% in US dollar revenue if uninterrupted power supply ensured
Sri Lanka is facing a food shortage due to a 2021 fertilizer ban, dollar shortage
Central bank has run out of reserves and is guidance rate
The Government today briefed the Colombo based Diplomatic corps on the prevailing situation in Sri Lanka and the challenges encountered which included pressing issues such as shortage of fuel, gas, essential pharmaceutical products and power cuts. The Minister of Foreign Affairs, Prof. G. L. Peiris
Sri Lanka's pharmaceuticals suppliers are hit by payment delays and are also facing regulatory delays
Police has discovered hoarding of fuel worth 20.5 million rupees in the past few days.
“What the international community is looking for is long-term policy credibility and sustainability."
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
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 […]