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Ranil Wickremesinghe Warns Sri Lanka Amid Critical Fuel Shortage

May 17, 2022 16:55

In the light of the fuel shortage, the Sri Lankan PM Ranil Wickremesinghe has advised citizens not to join lengthy fuel queues. The crisis-hit nation received a new PM on Thursday. PM Wickremesinghe addressed the nation and requested $75 million in foreign exchange to pay for essential imports.  During PM Ranil’s speech, he said, “Currently, […]

Sri Lanka Under Crippling State: President Declares Emergency

May 7, 2022 17:36

For the second time in five weeks, the President of Sri Lanka declared an emergency amidst the unprecedented economic crisis. President Rajapaksa has given extensive powers to the security forces to tackle the angry protestors. Sri Lanka is currently witnessing one of the worst financial crises since 1948 after independence. President Gotabaya Rajapaksa’s spokesperson sided […]

Sri Lanka Bankrupt In All Foreign Debts: Worst Economic Crisis

April 12, 2022 17:37

Colombo: Sri Lanka has gone bankrupt with its external debt of $51 billion and is in a deep economic crisis. As a result, there are widespread protests against the government. Along with food and fuel shortages, electricity is cut-off locally.  Out of 24 hours, electricity is available only for 12 to 13 hours of the […]