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Billionaire Chamath Palihapitiya Issues Global Economic Warning, Says Demand-Side Recession Incoming
Billionaire venture capitalist Chamath Palihapitiya is warning that the global economy appears on track to witness two phases of recession.
Sri Lanka: Security Forces Assault Peaceful Protesters
(New York, July 22, 2022) – In the early hours of July 22, 2022, Sri Lankan security forces forcibly dispersed people at a peaceful protest site and assaulted protesters in central Colombo, injuring more than 50 people and arresting at least 9 others, Human Rights Watch said today.
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.