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The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations
Injections despite severe fuel and cooking gas shortages
The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.
Sri Lanka sees long queues for fuel around the country
[…]The post A Postscript To Political Crisis: A Way Out appeared first on Colombo Telegraph.
In the rupee interest rates we can give central bank financing to the primary market and through open market operations
[…]The post Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay Alive appeared first on Colombo Telegraph.
People have started street protests demanding cooking gas from the government.
[…]The post Holding President And Prime Minister To Their Promises appeared first on Colombo Telegraph.
"Yesterday we received 160 million dollars from the World Bank. We cannot use it for fuel but we are discussing it."
The current crisis is having far-reaching implications on the ability of women and girls to live in dignity
We have to keep in mind that printing money will depreciate the rupee
Prime Minister Ranil Wickremesinghe today painted a gloomy picture for Sri Lanka saying the country will face an even more difficult time period in the short term. In an address to the nation today, the Prime Minister said that there are petrol stocks only for a single day, there is a possibility that the daily power […]
New Prime Minister reveals the grim reality of the economy
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
Sri Lanka is sliding into a default as the grace period on two unpaid foreign bonds ends on Wednesday, the latest blow to a country rattled by economic pain and social unrest. Prime Minister Ranil Wickremesinghe, who was appointed last week following violent unrest, will provide a “full explanation” of Sri Lanka’s financial crisis on […]
It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
[…]The post Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? appeared first on Colombo Telegraph.
In the next few weeks we will face the most difficult time
"I also wish to inform you that we will extend our support as a responsible opposition to correct decisions."
"Every day that passes, the future of this country is put at greater risk."
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
The CEB has not operated any thermal power plant in the last two days because there was no fuel - PUCSL chief
Power cut duration has gradually increased to 5 hours after the curfew lifted partially
ECONOMYNEXT – Power cuts up to 5 hours have been approved for Sri Lanka for May 12, Public Utilities Commission Chairman Janaka Ratnayake said as money printing by the central bank triggered forex shortages, disrupting fuel imports. All areas (ABCDEFGHIJKLPQRSTUVW) will have power cuts of 3 hours
Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries. Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed […]
[…] The post Galle Face Struggle – A Short Resume Of Recent Events! appeared first on Colombo Telegraph.
[…] The post Defiance & Desperation appeared first on Colombo Telegraph.