Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday and called for a partial shutdown as its unprecedented economic crisis deepened.
Sri Lanka: fuel crisis ‘worse day by day’
In Sri Lanka, the government has banned all but essential sales of fuel for a fortnight.
Laos the latest economy to hit the skids
Days-long queues for petrol, food and medicine shortages, a debt-laden government running out of foreign currency and citizens desperate to leave the country no this is not Sri Lanka but Laos, the …
Laos the latest economy to hit the skids
Days-long queues for petrol, food and medicine shortages, a debt-laden government running out of foreign currency and citizens desperate to leave the country no this is not Sri Lanka but Laos, the …
Laos the latest economy to hit the skids
Days-long queues for petrol, food and medicine shortages, a debt-laden government running out of foreign currency and citizens desperate to leave the country no this is not Sri Lanka but Laos, the …
Sanjaya Baru | Indian business in need of neighbourhood diplomacy
Earlier this month the chairman of Sri Lanka’s Ceylon Electricity Board informed the country’s parliamentary committee on public enterprises (COPE) that a contract had been awarded to an Indian …
Bankrupt Sri Lanka runs out of fuel
Sri Lanka’s Energy Minister Kanchana Wijesekera said oil cargoes that were due last week did not turn up while those scheduled to arrive next week will also not reach Sri Lanka due to “banking” reason …
Bankrupt Sri Lanka runs out of petrol and diesel
Sri Lanka has virtually run out of petrol and diesel after several expected shipments were delayed indefinitely, the energy minister said Saturday while apologising to motorists for the worsening fuel …
Sri Lanka amends limit on foreign currency possession
The Minister of Finance has issued an order to reduce the amount of foreign currency retained in possession by an individual in Sri Lanka from USD 15,000 t0 USD 10,000 or its equivalent in other forei …
Sri Lanka amends limit on foreign currency possession
The Minister of Finance has issued an order to reduce the amount of foreign currency retained in possession by an individual in Sri Lanka from USD 15,000 t0 USD 10,000 or its equivalent in other forei …