COLOMBO, May 5 (Xinhua) -- Sri Lanka is facing a shortage of diesel as a foreign exchange crisis worsens in the South Asian country, said Minister of Power and Energy Kanchana Wijesekera on Thursday. The minister told parliament that the country needs 4,000 metric tons of diesel per day....
The spokesperson told reporters that the decision was taken with the aim of attracting investments. He also announced that the cabinet of ministers has unanimously agreed to serve without salaries for a period of one year. Sri Lanka, which is in the mid of a foreign exchange crisis, is attemp...
Sri Lanka has in recent months been facing a foreign exchange shortage, which has led to a fuel, gas and power crisis. In a televised speech delivered on Wednesday, President Gotabaya Rajapaksa urged people to remain patient while the government was in discussions with friendly nations and the ...
is in crisis. As many buyers transferred their orders to GSP, such as Bangladesh and other underground orders, the number of garment producers in Sri Lanka declined significantly, and foreign-funded garment enterprises withdrew their capital or transferred their factories to local businesses....
Sri Lanka has banned imports of several items due to a foreign exchange shortage which has led to a shortage of raw materials in the local market. The South Asian nation of a 22 million population is also facing a power crisis and fuel shortage as a result of the foreign exchange shortage...
The government has assured that fuel would be distributed sufficiently and the required stocks were now arriving without disruption in the country. Sri Lanka is facing a fuel shortage due to a foreign exchange crisis which the government says is being resolved by seeking economic relief from friendl...
The government has assured that fuel would be distributed sufficiently and the required stocks were now arriving without disruption in the country. Sri Lanka is facing a fuel shortage due to a foreign exchange crisis which the government says is being resolved by seeking economic relief from friendl...
Sri Lanka has suffered crippling fuel shortages since February as a foreign exchange crisis worsened in the South Asian country.■
Sri Lanka has suffered crippling fuel shortages since February as a foreign exchange crisis worsened in the South Asian country.■
Since the start of the COVID-19 pandemic, early warnings have been coming in about the degenerating economy in Sri Lanka. Unsustainableborrowingby the government and short-sighted domestic policies have led to the present foreign exchange crisis. Currently, the country is surviving on credit and ...