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Video: Sri Lanka's public transport services in disarray due to fuel shortage (English)
IMF is expected to issue a statement on its discussions with Sri Lankan officials on Thursday.
Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene
Department of Motor Traffic (DMT) will be closed on Thursdays and Fridays due to the prevailing fuel shortages and transportation issues, Commissioner General of Motor Traffic Sumith Alahakoon says.
“We were promised fuel last Friday, but we didn’t get it. At this point. we don’t even have fuel to report to work."
The main stock index has fallen 4.4$% in the last two sessions.
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All Share Price Index fell 1.72 percent or 128.21 points to 7,323.70 at 1135 hours on June 28.
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
Troops in Sri Lanka handed tokens on Monday to people queueing for petrol amid a severe fuel shortage in the nation battling its worst economic crisis in seven decades, while schools shut in Colombo...Click on the headline to read the full story
[…]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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Online classes will be held on Monday 27 and Friday July 01, the ministry said.
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Market has risen throughout the week, but in thin trade.
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 (AsiaNews) – A more “proactive...
The eleventh death was that of a 63-year-old man inside his vehicle on Thursday (23).
shortage of another 163 critical over the […]
Indian delegation comes as Sri Lanka is highly depending on Indian credit line for its fuel and other essentials.
Stocks have been on a downward trend mainly due to higher interest rates
Sri Lankans are still waiting in long queues for days to buy fuel and cooking gas amid power cuts as the crisis deepens.
A man who had been waiting in a fuel queue for days in Batagoda, in the Kalutara District has died. The 63-year-old man had been waiting in the queue for at least 5 days. According to reports, the individual had been waiting in the queue to obtain diesel. A number of others have also died […]
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.