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CPC’s spot purchases hike fuel price to a new high
Due to a combination of spot purchases, unsolicited bids (instead of established term contracts) and miscalculation of the pricing formula, Sri Lankan motorists – in recent months – are forced to pay more for fuel at the pump.
Sri Lanka ‘s new President to prorogue Parliament to initiate system change
After swearing in as the 8th Executive President of Sri Lanka, Ranil Wickremesinghe informed party leaders that he intends to prorogue parliament for 24 hours for a "fresh ceremonial start", Parliamentarian Mano Ganesan said.
CB Governor says Sri Lanka can evert economic crisis within 05 months
Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says he is confident that Sri Lanka can come out of this severe economic crisis within a period of 05 months. “We have a clear program and a clear path,” he added.
Sri Lanka Business confidence has hit rock bottom, says CCC chairman
Business confidence in Sri Lanka is at its lowest in years, according to the chairman of the Ceylon Chambers of Commerce Vish Govindasamy.
UN independent experts express alarm over Sri Lanka economic crisis
Independent Experts of the United Nations expressed alarm about record high inflation, rising commodity prices, power shortages, crippling fuel crisis and the economic collapse in Sri Lanka, as the country grapples with unprecedented political turmoil.