The Philippines says it is ready to evacuate its nationals employed in Sri Lanka, owing to the economic crisis. Malacañang, the Philippines President’s Office, said that it has advised overseas Filipino workers (OFWs) who are seeking repatriation from Sri Lanka to get in touch with either the Philippine embassy in Dhaka or the Honorary Consulate […]
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Russian oil is being supplied to Sri Lanka to produce fuel at its sole refinery as the bankrupt nation faces crippling shortages of everything from gasoline to diesel. The Russian grade of Siberian Light will be processed at Ceylon Petroleum Corp.’s refinery in Sapugaskanda,chairman Sumith Wijesinghe said in a phone interview. The country’s only refinery […]
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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 […]
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[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
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a “full explanation” of Sri Lanka’s financial crisis on […]
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It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
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Lack of parliament majority could drag the new prime minister's economic recovery plans
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India has helped Sri Lanka with nearly 3.5 billion US dollars so far this year.
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[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
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