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WB disburses US $ 160 m to tackle SL’s urgent essential item shortage
The World Bank Group said last week it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka.
SL Consumer confidence continued to decline in June
Consumer confidence, already at extremely low levels, continued to drop with the public continuing to indicate they believe conditions will worsen in coming months and years.
SL mulls oil exploration in Mannar Basin amid tender delay causing US$1 billion loss
The long-delayed Mannar basin M2 block (exploration and production) tender and commencement of exploration work by the selected bidder for the M1 and C1 July 2019 tender could cost Sri Lanka over a billion dollars in foreign direct investment (FDI).
Sri Lanka poultry industry hit by chicken, egg production decline
Sri Lanka’s chicken meat production has collapsed 30 percent and egg output 40 percent as a currency collapse pushed up costs and feed imports were blocked by foreign exchange shortages, an industry official said.
Chinese military ship’s visit to SL arouses new row over naval dominance
Chinese maritime surveillance military ship’s planned to visit to Sri Lanka at time of its unprecedented economic crisis and people’s uprising against the legitimate government has aroused a new row over naval dominance in the Indian ocean, several geo political experts said.