In a bid to stabilize prices and address shortages, the Sri Lankan Cabinet has approved the import of key food items including maize, eggs, and rice. This move aims to alleviate pressure on consumers facing rising living costs.
Fueling Poultry Production:
To ensure sufficient poultry feed and prevent disruptions in egg production, the government has…
Sri lanka crisis
COLOMBO, Sri Lanka (News Cutter) — The Disaster Management Centre (DMC) reports 12 districts in the island are experiencing drinking water shortages due to dry weather conditions.
Around 48,000 families have been affected. Arrangements are being made to distribute water to 156,000 individuals in 40 Divisional Secretariat Divisions using bowsers attached to the DMC.…
COLOMBO, Sri Lanka (News Cutter) – The Ceylon Petroleum Corporation (CPC) announced on July 31 that fuel prices will be revised with effect from midnight. The price of Octane 92 Petrol has been increased by Rs.20 per litre to Rs.348. The price of Octane 95 Petrol has been increased by Rs.10 per litre to Rs.375.…
Sri Lanka (News Cutter) — Several government hospitals in Sri Lanka are facing a major crisis as the Ceylon Electricity Board (CEB) has warned of possible power outages due to the failure to settle defaulted payments of electricity bills.
The hospitals affected include among others the Colombo National Hospital, Mannar District General Hospital, Peradeniya Teaching Hospital,…
COLOMBO, Sri Lanka (News Cutter) — The parliament of Sri Lanka has approved the new Central Bank Act, a significant milestone in the country's commitment to fostering a stable and prosperous economy. The legislation will achieve and maintain domestic price stability and the safeguarding of the financial system's stability.
The new act also includes provisions…
COLOMBO, Sri Lanka (News Cutter) — An action committee has been appointed to implement strategies to re-employ individuals affected by the economic crisis.
The committee, consisting of secretaries from various ministries, follows the footsteps of a tripartite committee established during President Ranil Wickremesinghe's tenure.
The committee will implement long-term, medium-term, and short-term solutions, with the…
COLOMBO, Sri Lanka (News Cutter) — The Sri Lanka Navy dismantled a smuggling racket in the Wannimundalama lagoon area, smuggling around 08kg and 450g of gold.
The operation led to the arrest of two suspects and a dinghy used for the illegal act.
The Navy conducts regular search operations and patrols to prevent…
Sri Lanka secured their place at the ICC Men’s Cricket World Cup 2023 by breezing past Zimbabwe in their Super Six encounter on Sunday.
Maheesh Theekshana took four for 25 to bowl out Zimbabwe for 165 inside 33 overs before a century from Pathum Nissanka powered Dasun Shanaka’s side to a nine-wicket win.
In the…
A meeting between President Ranil Wickremesinghe and Deputy Managing Director of International Monetary Fund (IMF) Kenji Okamura was held at the Presidential Secretariat this afternoon (31).
The discussion primarily focused on the progress of the IMF program between Sri Lanka and the IMF. Attention was also paid to the on-going debt restructuring negotiations.
State…
India has extended a $1bn credit line for Sri Lanka by one year, a Sri Lankan official says, giving the crisis-hit island nation a backup infusion of dollars for essential imports.
The credit line, part of about $4bn in emergency assistance extended by India during the peak of Sri Lanka’s financial crisis early last year,…