Sri Lanka to send ministers to Russia and Qatar to try to secure cheap oil. The cash-strapped government says it is almost out of fuel. Government extends closure of non-essential state institutions to save fuel. Fuel reserves are sufficient for less than two days’ usage, the minister says. About 1.7 million residents need “life-saving assistance”, … Read more
Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said. Sri Lanka is awaiting official confirmation from the Indian government; for a new $500 million credit line for fuel. The prime minister said there was only enough petrol for one day. Chronic gasoline shortages have increased this week; … Read more
Sri Lanka is hoping to host the Asia Cup cricket tournament after the worst economic crisis. Sri Lankan cricket official says reports that the Asia Cup will be moved to another country are not true. According to Sri Lankan media, the Asia Cup is likely to be held in Sri Lanka in the current situation. … Read more
On Wednesday, Sri Lanka police in central town of Rambukkana enforced a curfew after anti-government rallies devolved into violence and cops shot live rounds at protestors, killing one and injured hundreds more. People across Sri Lanka have held protests since last month, demanding the resignation of President Gotabaya Rajapaksa due to increasing inflation, blocked imports of … Read more
Cash-strapped Sri Lanka’s loss-making national carrier announced plans Thursday to lease up to 21 plane, just two days after the authorities introduced a default on its $fifty one billion overseas debt. The island kingdom is inside the grip of its maximum painful financial downturn since independence in 1948, with extreme shortages of important items and … Read more
