Minister of Water Supply Vasudeva Nanayakkara says he cannot continue in his Ministerial post, following the recent developments.

The Central Bank of Sri Lanka has advised the government to consider increasing fuel prices and electricity tariffs immediately to reflect the cost.

The report compiled over a clash at the Medical Faculty of the University of Kelaniya in Ragama between two student groups at the hostel premises of the faculty has been handed over to President Gotabaya Rajapaksa.

President Gotabaya Rajapaksa removed Udaya Gammanpila and Wimal Weerwansa from their ministerial portfolios with effect from today (March 03) evening, as per the powers vested in him by the constitution.

The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was “unsustainable”, and called for devaluation and higher taxes to revive the almost bankrupt economy.

The Ministry of Health has issued an Extraordinary Gazette notification declaring the maximum retail price of 500mg tablets of Paracetamol with effect from February 28, 2022.

With the forex crisis getting worse by the day, a gazette notification is to be issued, discouraging 600 non-essential imports to save foreign reserves, Minister of Energy Udaya Gammanpila said yesterday (March 02).

Prime Minister Mahinda Rajapaksa yesterday (March 02) instructed Foreign Minister Professor G.L. Peiris and the Sri Lankan Embassy in Moscow to take necessary measures to ensure security of Sri Lankan students pursuing higher education in Belarus in the face of the ongoing war between Russia and Ukraine, the Prime Minister’s Media Division said.

Sri Lanka will suffer no more power cuts after March 05, the president’s office said in a statement on Wednesday, following days of outages caused by a lack of funds to buy enough fuel to fire power plants.

Sri Lanka has settled the payment of USD 31 million to the Singaporean company for the shipment of 37,300 metric tonnes of diesel that arrived in the country today (March 02).

Sri Lanka’s public transport was crippled Wednesday as buses ran out of diesel, officials said as the country’s foreign exchange crisis worsened with no dollars to import fuel.

President Gotabaya Rajapaksa has assured the public that all necessary action will be taken immediately to avert the power crisis in the country.

Health workers have launched an island-wide strike over several demands that resumed at 8:00 am today (March 02) and will continue till 8:00 am Friday.

Economic hardships posed a graver threat to the country than LTTE terrorism, Minister of Energy Udaya Gammanpila yesterday told the media, adding that there were diesel stocks for four days in the country and a ship carrying diesel would arrive today.

Sri Lanka on Tuesday announced nationwide seven-and-a-half hour daily power cuts, the longest in more than a quarter of a century, as its foreign exchange crisis leaves it unable to import oil.