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Statement signed by 15 Bishops calls for government to take drastic action to tackle economic crisis Lankan bishops have urged the government to provide a relief package for the poor amid the worst economic crisis since independence in 1948.The foreign exchange crisis has led to a shortage of essential commodities while people queue for hours […]
Protesters, however, vowed to agitate as planned and oust Gotabaya Rajapaksa
Protesters have vowed to agitate near Presidential residence until Rajapaksa resigns
SriLankan Airlines has denied claims on the cancellation of its flights owing to the fuel crisis. Issuing a statement, SriLankan Airlines said that certain false information was circulating in the media over the possible cancellation of a host of SriLankan Airlines’ flights due to the ongoing fuel
Buddhist monks are angry with Rajapaksa also because people have started to turn against them for backing him
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment
Some analysts said the market was expecting a 300 basis point rate hike on Thursday
New Zealanders have been told to avoid non-essential travel to Sri Lanka due to the impacts of the economic crisis and the potential for civil unrest. An updated travel advisory issued by New Zealand today notes: Sri Lanka’s economic situation has deteriorated significantly in recent months. This has led to shortages of such basic necessities, […]
Says economy could contract 7-pct in 2022
Sri Lanka is desperate for foreign currency earnings through tourism
Fuel shortage has led the country almost to a stand still.
The country's dollar shortage has led to power cuts as the government is unable to import diesel for generation
Rehabilitation centre inmates are not considered prisonsers, officials say, though critics claim otherwise.
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
[…]The post Implement President’s Pledges To Revive Economy appeared first on Colombo Telegraph.
Economic activities have significantly slowed down due to fuel shortage.
The Supreme Court has ordered the Attorney General (AG) to submit a report on the purchasing and distribution of fuel. The court has ordered the AG to submit the report before 12th July. The order was given in response to a fundamental rights petition filed in the Supreme Court by the Bar
The daily life of the general public is at risk of being further disrupted relative to the last week due to the limitation of transport services as a result of the fuel crisis.
[…]The post Child’s Guide To True Cost Of Activities: Concept Of Opportunity Cost appeared first on Colombo Telegraph.
"With this, we expect to meet our needs without shortages, and also to reduce prices through competition," he said.
IMF has estimated a sharp contraction in the economic growth this year.
[…]The post Mission Impossible appeared first on Colombo Telegraph.
IMF is expected to issue a statement on its discussions with Sri Lankan officials on Thursday.
Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene
The main stock index has fallen 4.4$% in the last two sessions.
[…]The post System Change Plus Politician Change Through Elections appeared first on Colombo Telegraph.
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
[…]The post As Our Economy Collapses, Going Green With Solar Energy & Ovens: It Is Fun & The Future appeared first on Colombo Telegraph.
Stocks fall for the first time in five sessions.
[…]The post Is Sri Lanka On The Brink Of Another Covid Wave? appeared first on Colombo Telegraph.