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Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim of the Government is to hold discussions […]
Brokers see downward trend to continue in the next few weeks until interest rates come down.
by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lanka’s economic implosion and a humanitarian crisis of regional impact. Under indictment are the policies of President Rajapaksa, who is too bent on Chinese positions. For China, the Quad’s commitment to Colombo will “dissipate.” Colombo – A more “proactive” role i...
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
Stock index rebound from near 8-week low.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
Long queues near filling stations were seen across Sri Lanka due to fuel shortage.
Australia today insisted that Sri Lankans who arrive by boat will not be accepted. Home Affairs Minister Clare O’Neil will visit Sri Lanka on Monday as the South Asian neighbour continues to struggle with its economic and humanitarian crises. The trip also follows the interception of multiple asylum seeker boats travelling to Australia from the […]
Sri Lanka Police says that they are directing special attention with regard to the increasing use of bicycles by people in the country owing to the prevailing fuel shortage.
Protests beginning to father pace as petrol, diesel shortages threaten to bring the country to a standstill
Tankers have to wait for 5 hours to get diesel
Sri Lanka sees one of its worst fuel crisis due to dollar shortage.
Fuel crisis hits education institutions.
Sri Lanka motorists demand fuel as shortage has limited fuel supply.
[…]The post Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering appeared first on Colombo Telegraph.
The main index fell for the 4th consecutive session
The Sri Lanka government says it is looking into operating state institutions and schools online for two weeks considering several issues including the fuel shortage experienced in the country.The...Click on the headline to read the full story
Passenger transport, goods transport hit
Protests were staged in several parts of the country today by people demanding fuel. The protesters blocked key roads and disrupted vehicular movements. Highlevel Road in Nugegoda and Slave Island were among the areas affected by protests. Protesters sat on the road
Economic and political uncertainties weigh on the sentiment
Manufacturing recover from April holiday
Three-wheel drivers blocked the Galle Road in Dehiwala today and obstructed traffic, demanding fuel. The three-wheel drivers accused the authorities of failing to resolve the fuel crisis. They said that the crisis has affected their day-to-day income as they have not been able to operate
Currency crisis has triggered forex shortages
Sri Lanka has sought assistance from Iran to import medical items, the Tehran Times reported. The assistance was sought when the Ambassador of Sri Lanka to Iran, Wishwanath Aponsu, met Pir Hossein Kolivand, head of the Iranian Red Crescent Society. At the meeting he called for importing medical items and equipment from Iran to ease the […]
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
ECONOMYEXT – Sri Lanka to introduce a weekly fuel disruption plan for consumers in the first week of July to manage the finances, Power and Energy Minister Kanchana Wijesekera said.“We have no choice but to register consumers at filling stations and give them a guaranteed weekly quota
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying
Sri Lanka has seen long queues across the country waiting for fuel amid severe dollars shortage.
The United Kingdom (UK) has relaxed its travel advice on Sri Lanka. Issuing an updated travel advice, the UK Foreign Office said that it no longer advises against all but essential travel to Sri Lanka. The UK noted that economic situation in Sri Lanka is challenging with shortages of basic necessities including medicines, cooking gas, […]