Radi

The trade deficit recorded a decline for the fifth consecutive month on month-on-month basis and for the third consecutive month on a year-on-year basis in May 2022, supported mainly by the policy induced moderation of imports, along with the notable growth momentum of exports, Central Bank announced .

Sri Lanka is suffering the worst economic crisis in its history, with fuel shortages bringing the country to a standstill. Many are now convinced leaving is their only option.

President Gotabaya Rajapaksa is set to resign paving the way for Prime Minister Ranil Wickremesinghe taking over as the acting President.

Central Bank Executive Officers’ Union yesterday expressed its fullest support to the people’s movement held on 9 July against the futile regime, which should be directly responsible for destroying the Sri Lankan economy, and as promised, emphasise that the failed President and Prime Minister must bow down to the people’s verdict and vacate their offices.

The Attorney General of Sri Lanka has informed the future necessary action that should be taken in the event of the Presidency becomes vacant prior to the expiration of his term of office replying to query made by the secretary to the Prime Minister relating to this matter, PMs office announced.