Tag: SL Government
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US President announces $20 million aid to strengthen SL food security
At the G7 Summit today (June 28), President of the United States Joe Biden announced $20 million in additional assistance to strengthen food security in Sri Lanka.
Sri Lanka Exports recorded 5-billion-dollar Mark in Five Months
For the first five months of 2022, merchandise exports increased by 9.7% to US$ 2.4 billion compared to the corresponding period of 2021. Major product sectors except Tea, Rubber-based products and Spices & Concentrates; Apparel & Textiles, Coconut based products, Electronics & Electronic Components, Food & Beverages, Seafood and Ornamental fish recorded increased exports.
Govt opens international oil companies to operate in the country
The crisis-ridden Government is to allow international oil companies to operate fuel import and distribution in Sri Lanka ending the oligopoly of Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Company, a senior energy ministry official said.
Sri Lanka to face unprecedented fuel and food crisis
Sri Lanka is now facing unprecedented fuel and food crisis paralysing the whole country and the people will have to starve as a result of the break down in the supply chain with in the next few weeks, traders and food commodity transporters claimed
Tourism income in May drops by half deepening country’s forex crisis
Foreign exchange income from tourism, the largest services inflow to Sri Lanka after remittances, more than halved in May as the island nation’s economic crisis and the resultant social unrest appears to be getting worse, Sri Tourism Development Board sources said.