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The proposed amendment will be of "no consequence to our current situation" regardless, he said.
Sri Lankans are still waiting in long queues for days to buy fuel and cooking gas amid power cuts as the crisis deepens.
The firm will continue to airlift the medical supplies gifted by other countries free of freight Charges
Private buses now spend a longer time at bus stops waiting for passengers in an attempt to cover costs.
"Limited amount of Petrol to be distributed today (23) and tomorrow (24) islandwide."
To discuss long and short term assistance
INSEE Cement, Sri Lanka’s largest and leading cement manufacturer handed over 10,000 doses of Erythropoietin (EPO) vaccinations to the Ministry of Health today to address the shortage of medicine resulting from Sri Lanka’s current economic crisis. The donation valued at LKR 40 million, and procured
Has China subscribed to the economic downfall of Sri Lanka through its alluring loan scheme? Sri Lankans today inherit unviable Chinese infrastructure projects yielding no returns. Have Chinese investments in Sri Lanka done any good to the country? A complex issue posed by many trying to find answers in the present context. These projects, more […]
Finance Minister of India Nirmala Sitharaman has assured Sri Lanka of her Âfullest support and cooperation for its recovery from the ongoing economic crisis.
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
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’
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
"But India can't keep giving us loans. Even their assistance has a limit."
"Are we trying to get out of this crisis by being caught in a western trap?" he demanded.
"I'm sad that people I trained don't know how to gain power. Did I fail in that?"
Phase 01 to go live on June 21
Sri Lanka is to discuss debt restructuring with China, Prime Minister Ranil Wickremesinghe said today. Prime Minister Wickremesinghe held discussions with the Deputy Ambassador of China, Hu Wei, today. During the discussions the Prime Minister re-iterated Sri Lanka’s adherence to the “One China Policy”. He also stated that Sri Lanka was looking forward to discussing […]
Video: U.S. announces additional $5.75 Mn in response to Sri Lanka’s economic crisis (English)
The convertible debentures will accrue interest at a rate of 3% per annum.
Stock index rebound from near 8-week low.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
“Parliament is in session for three days this week. Why did he pick today to boycott it?"
Minister strongly denies claims of acute drug shortage.
“We have included everything that can be passed without a referendum,” he said.
"Sri Lanka was looking forward to discussing the debt restructuring with China (sic)," the statement said.
The government of the United States has announced the third tranche of new funding today to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka.
Rs48billion injected outright
[…]The post Sri Lanka On The Cusp Of Implosion! White Vans Have Become ‘Black Marias’ appeared first on Colombo Telegraph.
The U.S. government has today (June 21) announced new funding totalling $5.75 million to address the immediate needs of people hit by the economic crisis in Sri Lanka.The post U.S. provides another...Click on the headline to read the full story