The Managing Director of the International Monetary Fund (IMF) says the global financial agency is pressing for a more debt resolution mechanism. Delivering the opening remarks at the press conference … Read More
Protesters have broken into the private residence of Prime Minister Ranil Wickremesinghe and have set it on fire – PM’s office.
The economy of Sri Lanka contracted by 1.6 percent in the first quarter of the year 2022, the Department of Census and Statistics (DCS) says. In a press release, the … Read More
Laugfs Holding Chairman WKH Wegapitiya said that information has reached him that LAUGFS gas cylinders are being assembled and turned blue and that the inspector General of Police has been … Read More
The crisis over lack of US dollars in Sri Lanka’s banks has spread to the export sector with shipping lines demanding that their freight charges be paid in dollars. Leading … Read More
Sri Lanka’s dollar crisis is now threatening tourism revival. Industry sources warn that foreign carriers have not increased flights and may even cut frequencies because general sales agents (GSAs) and … Read More
The Ceylon Petroleum Corporation has decided to increase fuel prices with effect from Tuesday (21). The new prices per liter are as follows: Petrol 92 ( Octane): Rs. 177/- Petrol … Read More
AFP: Laos opened a new $6 billion rail link with China to much fanfare this month, but analysts warn the party could be short-lived as the government grapples with a … Read More
Fitch Ratings – Hong Kong – 17 Dec 2021: Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’. Fitch typically does not assign … Read More
The Consumer Affairs Authority (CAA) has directed the Litro Gas company to recall all unused LP gas cylinders which were distributed before December 04 currently with dealers and at households. … Read More
