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SL Apparel sector assures buyers of its stability amidst the youth uprising
Following the country’s declaration of bankruptcy recently , Sri Lanka’s president Gotabaya Rajapaksa, reportedly announced his resignation this week not long after Prime Minister Wickremesinghe announced he was stepping down, adding yet another blow to the country’s reputation while the apparel sector looks to assure buyers of its stability.
Massive organic fertiliser bill adds to SL’s cash flow issues
Cash starved government has partially reversed a hasty decision of ill-conceived national non-scientific experiment in organic agriculture compelling the treasury to pay billions of rupees for organic fertiliser stocks procured from local manufactures last year .
SL to elect new President next week amidst political financial crisis
Sri Lanka ParLiament will elect a new President at time where the country is facing massive financial constraints along with political uncertaining following the youth uprising demanding system change
Sri Lanka faces hyperinflation with inflation rising over 50%
Sri Lanka is now facing a hyperinflationary situation with the country’s inflation hitting a new high of 54.6 per cent in June, several leading economists said referring to the Central Bank’s latest announcement of the official economic indicator data.
Apparel industry urges all parties to ‘Make S L First a national priority’
The Joint Apparel Association Forum urged all Party Leaders to urgently expedite the recommendations put forth at the meeting held a short while ago, calling for the resignation of the President and Prime Minister and making way for an all Party Government with elections to be held as early as possible.