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Norochcholai Power Plant out of operation again triggering more cuts
The 900-megawatt (MW) coal-fired Lakvijaya Coal Power Plant, more commonly known as the all ways breakdown Norochcholai Coal Power Plant has to shut down due to technical fault as usual compelling the Ceylon Electricity Board CEB) to increase the duration of power cuts and introduce price hike soon
Sri Lanka falls from 1st place to 11 in Asia food security index
Without sufficient food reserves, fuel , cooking gas and steady supply of electricity or currency to import more essential commodities , Sri Lanka is set to face another unprecedented worst economic management crisis again soon, economic experts warned.
USA, India, Australia and Japan take the lead to defuse SL economic blast
'Quadrilateral Security Dialogue (QSD), the Quad an informal strategic forum comprising four nations, namely -- United States of America (USA), India, Australia and Japan has stepped in to prevent the impending economic explosion in Sri Lanka.
World Bank predicts SL economic growth to shrink by 7.8 percent in 2022
The World Bank (WB) expects Sri Lanka’s economy to shrink by 7.8 percent in the year 2022, a grim outlook, due to the country battling with severe shortages in electricity, food and fuel.
Sri Lanka apparel sector fails to hit US $ 6 billion export target
The export earnings in Sri Lanka’s clothing sector for the June to August period are set to fall by 20-25 percent, with the sector likely to miss the US $ 6 billion export target for the year, as the country’s political and economic crisis continues unabated.