Exclusive articles:
Global apparel industry steps in to support Sri Lanka’s apparel sector
The global apparel industry issued a call to action regarding Sri Lanka’s economic crisis this week, urging the stakeholders across the world to step up efforts in ensuring the island nation’s high-performing sector does not lose momentum.
CPC to take stern action on filling stations disregarding guidelines
The Ceylon Petroleum Corporation has been given directives to take appropriate management decisions and distribution decisions on the filling stations
Relaxation of open account ban on imports averts essential food crisis
The reversal of the decision of the Central Bank on the directions of Governor Dr NandalaL Weerasinghe to ban imports on open account transactions
Government resorts to domestic debt restructuring surgery
Sri Lanka Government is now resorting to restructure domestic debt to overcome fiscal and economic stress
CEB compels to re-impose 12 hour power cut due to dwindling coal stocks
Ceylon Electricity Board is compelled to re-introduce record nationwide 12-hour daily power cuts as it ran out of coal stocks to run Norochcholai coal power plant on top of a severe shortage of fuel affecting thermal power generation.