Tag: Sri Lanka

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SL fuel purchase at sport price hits Forex reserve rock bottom

With its creditworthiness shot, the Sri lanka government is buying oil at spot prices, that is, the going rate as container ships pull into...

ADB 55TH Annual Meeting in Colombo postponed in socio- economic crisis

Asian Development (ADB) Fifty-Fifth Annual Meeting scheduled to be held in Colombo is to be postponed indefinitely from 5 to 8 September 2022 due...

UK, EU, NZ express worry over State of Emergency in SL

Several foreign missions based in Colombo including the United States, the European Union, the United Kingdom and New Zealand have expressed their concerns on...

Sri Lanka Faces Acute Food Shortages and Starvation Amid Economic Crisis

Sri Lanka’s political turmoil and economic crisis have brought about a catastrophic food shortage, with the nation’s 21 million residents now forced to pay...

New Mexico wildfire: Huge blaze could worsen this weekend

"Historic" and "extreme" weather conditions could fan a wildfire in New Mexico which is already the second biggest ever seen in the US state.  The...

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India’s $450 Million Cyclone Aid: Relief, Strategy and Indian Ocean Stakes

India’s decision to extend a USD 450 million financial...

Why MSMEs Fall Through the Cracks After Every Disaster

 The devastation caused by Cyclone Ditvah has once again exposed a...

IMF Flags CycloneShock, Warns Sri Lanka’s Recovery at Risk

Sri Lanka’s fragile economic recovery has been dealt a...

Cyclone Ditwah Reveals the High Economic Cost of Policy Delays

The economic consequences of Cyclone Ditwah are likely to...

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