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"There is a possibility that the daily power outages will increase to 15 hours a day" - Prime Minister
Prime Minister says the CPC can no longer bear the losses.
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
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The public have been urged not to queue up for fuel over next 3 days. Energy Minister Kanchana Wijesekera said that with the arrival of the diesel cargo yesterday and 3 vessels to reach Sri Lanka over the next 2 weeks under the Indian credit line, adequate fuel will be made available. “
Minister of Power and Energy Kanchana Wijesekera says that adequate fuel will be available in the country with the arrival of a diesel cargo yesterday and three more vessels expected to reach Sri Lanka in the next 2 weeks under the Indian credit line.
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 […]
A new shipment of diesel from India arrived in Sri Lanka today (May 15) under the credit line for fuel.
Another shipment of diesel from India has been delivered to Sri Lanka. The latest consignment of diesel from India under the credit line for fuel was delivered in Colombo by Torm Helvig today. The Indian High Commission in Colombo said that 12 shipments and more than 400,000 MT of fuel
It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
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In the next few weeks we will face the most difficult time
Prime Minister Ranil Wickremesinghe today warned that the fuel situation in Sri Lanka is expected to get worse over the next few weeks. Issuing a statement today the Prime Minister said that he had talks with the relevant officials and assessed the fuel situation as well as shortcomings
"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 United Kingdom has issued a travel advisory on Sri Lanka warning against all but essential travel to Sri Lanka. The UK Foreign, Commonwealth and Development Office (FCDO) said that it advises against all but essential travel to Sri Lanka, due to ongoing political and economic instability. This advice does not apply to airside transit […]
Lack of parliament majority could drag the new prime minister's economic recovery plans
The CEB has not operated any thermal power plant in the last two days because there was no fuel - PUCSL chief
"Due to security reasons, other fuels are not being distributed."
Sri Lanka shippers asks for international trade not to be disrupted, condemns violence
Power cut duration has gradually increased to 5 hours after the curfew lifted partially
India has helped Sri Lanka with nearly 3.5 billion US dollars so far this year.
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 […]
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