Tag: SL Government
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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.
IMF calls for political stability in Sri Lanka to resume talks
The International Monetary Fund (IMF) is calling for political stability in Sri Lanka in order to resume key talks on bail out loan to rescue the island nation from the balance of payment crisis .
SL manufacturing and service sectors suffer set back in political turmoil
Sri Lanka’s manufacturing and service sectors have been greatly affected by the current political turmoil which has brought the country's day today activities to a standstill further aggravating the economic crisis