Tag: Government
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SL economy to contract more than 6% with IMF loan stalled
Governor of the Central Bank Dr. Nandalal Weerasinghe says that Sri Lanka’s economy is likely to contract more than 6% in 2022.
IMF bail out turns bleak in political turmoil and confidential file grab
Sri Lanka’s prospects of receiving the International Monetary (IMF) bail out package to avert the economic crisis became bleak with the intensifying of political instability and failure to reach a consensus on forming an all party government.
Acting president declares state of emergency ahead of MPs’ vote
Sri Lanka’s acting president, Ranil Wickremesinghe, has declared a state of emergency as his administration seeks to quell social unrest and tackle an economic crisis gripping the island nation.
CPC slashes fuel prices slightly still maintaining inflated price
Realizing the reality of accepting the pump up of fuel price to a new high in an irregular fuel pricing formula ,the Ceylon Petroleum Corporation (CPC) has slashed fuel prices with effect fro10 am yesterday although it was a very nominal reduction compared to current inflated price,
Govt to tackle fuel crisis with the arrival of 8 fuel ships and fuel pass issuance
Sri Lanka’s fuel crisis now turned bad to worse is to be tackled to certain extent with the arrival of eight ships carrying petroleum will arrive in the island next week and the introduction of a special pass to ration petrol and diesel usage