Sri Lanka's heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800% for its poorest customers with the bankrupt nation out of fuel, regulators said Monday (27)
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Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday (27) and called for a partial shutdown as its unprecedented economic crisis deepened
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Russia said Monday (27) that two of its debt payments were prevented from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive
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Troops in Sri Lanka handed tokens on Monday (27) to people queueing for petrol amid a severe fuel shortage in the nation battling its worst economic crisis in seven decades, while schools shut in Colombo and public employees were asked to…
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It is not as if the Rajapaksa regimes alone are to blame for monetary/fiscal policies and consequent failures. ‘Flexible inflation’ since 2015, ‘liquidity injections’, or mindless printing of currency as witnessed in recent months, and…
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Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted amid the Indian Ocean island nation’s economic collapse
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Senior US officials arrived in Sri Lanka on a four-day visit Sunday (26) to find ways to help the island nation in the throes of an unprecedented economic crisis and severe shortages of essential supplies, as the energy minister warned that…
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Sri Lanka’s private bus operators need an overall fare hike to account for currency depreciation and the rise in a consumer price index, Lanka Private Bus Owner’s Association (LPBOA) President Gemunu Wijeratne said after the latest diesel…
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Human trafficking rings are exploiting Sri Lanka’s economic crisis to coerce some of the country’s poorest and most marginalized onto boats out of the country
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Cash-strapped Sri Lanka on Sunday (26) announced sending ministers to Russia and Qatar to try and secure cheap oil a day after the government said it had all but run out of fuel
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