Tag: SL Government
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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,
Sri Lanka faces hyperinflation as inflation surges
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.
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
Ex- President in exile Gotabya Rajapaksa pledges to continue to serve Sri Lanka
Former President Gotabya Rajapaksa in exile says he will continue to serve Sri Lanka following his resignation as President.