Tag: SL 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.
Information about the petrol-diesel shipments that have arrived in the island so far…
Energy Minister Kanchana Wijesekera says that two diesel ships are currently being unloaded.
Accordingly, the minister states that the fuel stock will be distributed from...
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,