A new Cabinet Sub Committee proposed to address the country’s food crisis
The Committee on Public Accounts (COPA) recommended that all Ministries should unite and set up a Cabinet Sub-Committee on Food Security to address the food crisis in the country. The…
Liquor demand down by 30% in Crisis-hit Sri Lanka
Sri Lanka Excise Department revealed that t the demand for the liquor has decreased by about 30% due to the recent increase in the price of liquor and the decrease…
United States to Provide an Additional $5.75M to Crisis-hit Sri Lanka
The U.S. government announced a third tranche of new funding today to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka. This humanitarian assistance,…
WFP ramps up emergency support in Sri Lanka, with a quarter of the population requiring food aid
The World Food Programme (WFP) on Thursday began distributing food vouchers to pregnant women in underserved districts of the Sri Lankan capital, Colombo, marking the start of the UN agency’s…
Crisis-hit Sri Lanka plans to deploy Army, Civil Defense Force, and Prisoners to cultivate food
In the face of the current food crisis, the Minister of Agriculture and Minister of Wildlife and Forest Resources Conservation, Mahinda Amaraweera announced that plans are underway to deploy Army…
Dhammika Perera Tipped to Become the Minister of Technology and Investment Promotion
Top Businessman Dhammika Perera is set to enter the Parliament replacing Basil Rajapakse and is tipped to swear in as the Minister of Technology and Investment Promotion. President Gotabaya Rajapaksa…
Sri Lanka needs $6 billion to keep the country afloat for the next six months
Sri Lanka requires $6 billion during the next six months to keep the country afloat, according to Prime Minister Ranil Wickremesinghe. Over half of the requirements is for fuel and…
Crisis-hit Sri Lanka hikes tax rates to maximise govt revenues
(Reuters): Sri Lanka’s government on Tuesday announced a taxation overhaul to maximise revenue amid the country’s crippling economic crisis, hiking value added taxes and corporate income tax, and slashing the…
Sri Lanka increases fuel prices to address economic crisis
(Reuters) – Sri Lanka increased fuel prices on Tuesday, a long-flagged move to mend public finances and combat its debilitating economic crisis, but the hikes are bound to add to…
A Sri Lankan Household Spends Nearly a Quarter of Average Monthly Expenditure on One Full Tank of Petrol
Following the latest fuel price increase, a full tank (45 Liters) of Petrol (Octane 92) now accounts for almost 1/4th of average monthly household expenditure in Sri Lanka as measured…