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
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.
The European Union (EU) and the US urged Sri Lanka’s political fraternity to cooperate, focus and work quickly’ to achieve a peaceful, democratic and orderly transition amid the island nation’s worst economic and political crisis in decades while India expressed solidarity towards this end.
Debt-ridden Ceylon Petroleum Corporation (CPC) is to be restructured as the entity is faced with severe cash flow problems with no rupees or dollars to continue its operations, top senior officials disclosed.