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Tankers have to wait for 5 hours to get diesel
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The main index fell for the 4th consecutive session
Passenger transport, goods transport hit
Economic and political uncertainties weigh on the sentiment
Sri Lanka's ongoing economic crisis has threatened a looming food crisis.
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 their three-wheel taxis. The drivers placed their three-wheelers across one […]
Currency crisis has triggered forex shortages
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"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
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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 more crude from Moscow. Western nations largely […]
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Sri Lanka is facing one of its worst economic crisis in the history.
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, […]
Prime minister had expected food shortage to become severe in August.
Businessman Dhammika Perera’s name has been gazetted as a Member of Parliament from the Sri Lanka Podujana Peramuna (SLPP). SLPP’s General Secretary Sagara Kariyawasam said Dhammika Perera’s name had been proposed to the Election Commission to fill the National List seat in Parliament made vacant following the resignation of former Finance Minister Basil Rajapaksa. Perera […]
Dhammika Perera is widely speculated to be appointed as a cabinet minister - SLPP sources
Customers are sending questionaries to exporters on a daily basis inquiring about the country's situation.
The United Nations team in Sri Lanka and non-governmental organisations launched a joint Humanitarian Needs and Priorities (HNP) Plan today, calling for US$47.2 million to provide life-saving assistance to 1.7 million people worst-hit by the economic crisis over a four-month period, from June to September. This directly responds to the Government of Sri Lanka’s request […]
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
Business tycoon and one of the most wealthiest people in Sri Lanka, Dhammika Perera, is tipped to enter Parliament. He is likely to replace former Finance Minister Basil Rajapaksa who is set to resign from his MP seat tomorrow. Dhammika Perera will enter Parliament through the National List of the Sri Lanka Podujana Peramuna (SLPP). […]
The main index fell for the 10th session in the past 11 on economic and political instability worries.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.
Crop shortfalls due to fertilizer and fuel shortages
SLC expects a considerable collection from ticket sales