Senior Advisor to the President on National Security and Chief of Staff of the President Sagala Ratnayake recalled that Faris Hadad-Zervos, the World Bank (WB) Country Director for Maldives, Nepal and Sri Lanka was amazed by the action policy and the vision of President Ranil Wickremesinghe which was revealed during their meeting recently.
Sri Lanka has temporarily suspended accepting applications for passports, said the country’s Department of Immigration and Emigration as the economic crisis continues to tighten its grip on the island nation.
Sri Lanka is now severely feeling the pinch of controversial declaration of preemptive debt default hinting the country’s bankruptcy made by the Central Bank Governor Nandalal Weerasinghe on April 12 as the finance ministry engagement of creditors debt on restructuring process dragging on without any positive results.
Shocking details of how some corrupted top officials of state-run Ceylon Petroleum Corporation(CPC) siphoning large sums of dollars in the procurement of oil from its favorite selected suppliers while penalising others who stepped into ease the shortage of fuel in the country have been revealed, Energy Ministry sources confirmed.