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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
The Government is preparing a new budget taking into account the measures proposed by the International Monetary Fund (IMF) to restore debt sustainability in Sri Lanka. Foreign Minister, Prof. G.L. Peiris said this during talks with the United Nations Resident Coordinator Hanna Singer-Hamdy at the Ministry of Foreign Affairs. During the discussion, Minister Peiris briefed […]
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.
[…]The post The Financial Crisis – Mismanagement, Fear Or Collusion? appeared first on Colombo Telegraph.
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
A state of self-imposed curfew is prevailing now within the country due to the fuel shortage, says parliamentarian Wimal Weerawansa.
The Suwa Seriya 1990 emergency ambulance service announced yesterday (July 03) that its patient transfers would be delayed due to lack of fuel.The post Fuel shortage hits Suwa Seriya ambulance...Click on the headline to read the full story
Speaker Mahinda Yapa Abeywardena today refused to divert from the Parliament agenda and discuss the ongoing crisis in the country. Independent MP Wimal Weerawansa questioned the failure of the Parliament to focus on the fuel issue today instead of discussing others matters. The Speaker responded
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.
Sri Lanka is to continue to stand by the ‘one China policy’ and support to protect China’s sovereignty and territorial integrity, the Foreign Ministry said today. The Foreign Ministry said that the assurance was given when the Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, at the Ministry […]
Sri Lanka is facing risk of increased power cut
"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.
As the fuel shortage has sent the country into a lockdown situation, people, particularly those in Colombo and the suburbs, are facing a risk of losing access to food and other essential stuff, with...Click on the headline to read the full story
Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday (June 29) to demand the government resolve a severe fuel shortage at the heart of the Indian Ocean island's worst...Click on the headline to read the full story