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Rajapaksa finally resigns after over 3 month protest
An eye witness piece by Economy Next reporters who share what they saw in July 9 Sri Lankan revolution.
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By Jehan Perera There is an anxious calm after the unprecedented events of July 9. The Presidential Secretariat, President’s House and Temple Trees, which contain both the prime minister’s official office and residence, are in the hands of the people rather than the rulers. The Aragalaya protesters who occupy these buildings of state coexist in […]
Statement signed by 15 Bishops calls for government to take drastic action to tackle economic crisis Lankan bishops have urged the government to provide a relief package for the poor amid the worst economic crisis since independence in 1948.The foreign exchange crisis has led to a shortage of essential commodities while people queue for hours […]
Protesters, however, vowed to agitate as planned and oust Gotabaya Rajapaksa
Buddhist monks are angry with Rajapaksa also because people have started to turn against them for backing him
Says economy could contract 7-pct in 2022
Fuel shortage has led the country almost to a stand still.
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
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Economic activities have significantly slowed down due to fuel shortage.
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More Sri Lankans take risks of losing money, at mid sea instead of suffering the worst economic crisis.
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Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene
[…]The post Should Aragalaya Consider A Political Movement Led By Nagananda, Fonseka & Hirunika? appeared first on Colombo Telegraph.
The main stock index has fallen 4.4$% in the last two sessions.
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[…]The post As Our Economy Collapses, Going Green With Solar Energy & Ovens: It Is Fun & The Future appeared first on Colombo Telegraph.
Stocks fall for the first time in five sessions.
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Market has risen throughout the week, but in thin trade.
Indian delegation comes as Sri Lanka is highly depending on Indian credit line for its fuel and other essentials.
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 […]
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
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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 […]
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