Sri Lanka on Thursday signed USD 1 billion credit line with India for procurement of food, medicines and other essential items, amid the island nation’s worsening economic crisis.
President Gotabaya Rajapaksa in his 12.57 minute address to the nation last night said, though he was well aware of shortage of essential items and increase in prices emphasised the crisis was not created by him.
Water Supply Minister Vasudeva Nanayakkara yesterday (16) alleged that Finance Minister Basil Rajapaksa was bent on furthering US interests in Sri Lanka.
Parliamentarian Udaya Gammanpila says Minister of Finance Basil Rajapaksa must take complete responsibility for the public suffering having to stand in queues.
Sri Lanka’s Finance Minister Basil Rajapaksa met Indian Prime Minister Narendra Modi in New Delhi Wednesday morning to discuss bilateral matters and further Indian assistance to the island nation which is in the grips of an extraordinary economic crisis.
Litro Gas and Laugfs Gas have announced that the production and distribution process of domestic gas was suspended as they did not receive gas consignments to commence production.
The Sri Lanka Petroleum Private Tanker Owners’ Association (SLPPTOA) has withdrawn from services to distribute fuel from midnight yesterday (March 15).
Prime Minister Mahinda Rajapaksa yesterday (March 15) said that Finance Minister Basil Rajapaksa, who is also the founder of the ruling Sri Lanka Podujana Peramuna (SLPP) wouldn’t be removed from the Cabinet of Ministers under any circumstances.
This country does not need a National Government now but a national programme. Let us make use of professionals even now to rebuild the country, Environment Minister Mahinda Amaraweera said.
Leader of the Opposition and the SJB Sajith Premadasa, yesterday (March 15) challenged President Gotabaya Rajapaksa to call a snap presidential election.
Sri Lanka President Gotabaya Rajapaksa has appointed a 14-member Advisory Committee to advise the National Economic Council, Cabinet spokesman Minister Ramesh Pathirana said.
Sri Lanka is seeking financial support from the International Monetary Fund, reversing the government’s earlier resistance as efforts to bolster its foreign exchange reserves and manage looming debt payments have been complicated by the war in Ukraine.
