Lanka economic crisis

Sri Lanka economic crisis: Schools remain shut as fuel shortage worsens in island nation 

The available fuel stocks, sufficient for only several days, will be provided for essential services, including health and port workers, public transport, and food distribution, officials said.

published on : 4th July 2022

Sri Lanka to get two fuel consignments in July: Lanka IOC

Fuel shortages have led to serpentine queues at retailers and with the end of the credit line worth USD 700 million granted by India, the pumps have run dry.

published on : 2nd July 2022

Sri Lanka: Bunker licence holders to import and supply jet fuel on immediate basis

Despite the immediate approval to import and supply jet fuel, it's likely to take another 10-12 days for the bunker licence holders to bring in the first jet fuel shipment to the country.

published on : 30th June 2022

Sri Lanka to liberalise fuel import and marketing: Energy Minister

The selection would be based on the ability to import without forex requirements from the Sri Lankan central bank, he added.

published on : 28th June 2022

Indian delegation led by Foreign Secretary Kwatra arrive in Sri Lanka to assess economic crisis

The Indian team are here to engage with Sri Lankan Prime Minister Ranil Wickremesinghe while also having talks with President Gotabaya Rajapaksa and other senior officials.

published on : 23rd June 2022

Sri Lanka bets on 'casino king' Dhammika Perera to revive wrecked economy

Perera a long-time loyalist of the Rajapaksa clan, whom protesters accused of mismanaging the country into its current predicament has replaced Basil Rajapaksa, who resigned in April.

published on : 22nd June 2022

Sri Lanka crisis: Protestors block presidential secretariat entrances, 21 arrested

The protesters were demanding the resignation of President Gotabaya Rajapaksa for the mismanagement of the economy.

published on : 20th June 2022

Contacted several firms suggested by Russia for crude oil: Sri Lanka minister Kanchana Wijesekera

Wijesekera said that the Russian ambassador in Colombo 'asked him to send the replies of the company, and the envoy will also intervene in the process'.

published on : 19th June 2022

Sri Lanka's agriculture minister forced to flee premises after being jeered by farmers: Report

Mahinda Amaraweera visited the Tissamaharama Divisional Secretariat on Saturday to attend an agriculture-related programme.

published on : 18th June 2022

Sri Lanka could have gone to IMF and started debt resettlement sooner: Central Bank Governor

The foreign lender has a policy of not bailing out countries unless all its other creditors have first agreed to write down their loans, however, Sri Lanka's foreign debt stands at USD 51 billion.

published on : 17th June 2022

Sri Lankan PM Wickremesinghe to present plan for economic recovery as country awaits Indian nod for new credit line

The prime minister met with Members of Parliament to brief them on the current economic situation.

published on : 17th June 2022

Sri Lanka schools, government offices to shut as transport grinds to halt

"Due to scarce public transport as well as the inability to arrange private vehicles, it is decided to drastically curtail the number of employees reporting to work," the ministry's order said.

published on : 17th June 2022

Sri Lanka gets 3,500 MT of gas; new Indian Credit line to help buy fuel for another four months

The gas from this shipment will be delivered to premises that obtain stocks in bulk like hospitals, hotels, and crematoriums, he was quoted as saying by the News First website.

published on : 14th June 2022

World Food Programme official to visit Sri Lanka amid looming food shortage

Experts have warned of a possible shortage of rice and other essential food items from September this year because of lower production.

published on : 11th June 2022

Sri Lanka economic crisis: PM announces Rs 200 billion financial safety net for social security

Wickremesinghe also explained that due to the pending food shortage, he was launching the food security programme in the country.

published on : 10th June 2022
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