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COLOMBO (News 1st); Samagi Jana Balawegaya MP J. C. Alawathuwala says that the country will face a famine by the Sinhala and Tamil New Year in April due to incorrect economic policies implemented by the Government. The SJB MP pointed out that farmers were only able to reap a harvest of about 50% or less in Get ready to face a famine by April New Year: MP Alawathuwala

COLOMBO (News 1st); The fertilizer crisis is continuing to aggravate in the public, leaving farmers helpless, and potentially affecting the country’s food supply. Although the Government continues to maintain its organic fertilizer policy, permission has been granted to import chemical fertilizer. However, the rising cost of imports has caused fertilizer prices to rise significantly, leaving them Farmers grappling with low harvest in Maha season, while Yala failure looms

COLOMBO (News 1st); Sri Lanka will have to call Chinese President Xi Jinping the ‘father of rice’, says the Secretary of JVP and Janatha Jana Balawegaya MP Vijitha Herath. Expressing his views regarding the current crisis in the country in Parliament on Friday (21), the MP alleged that the Government uses the pandemic as an It’s time to dub Xi Jinping the ‘father of rice’: Vijitha Herath

ECONOMYNEXT – Chairman of Sri Lanka’s state-run Litro Gas Lanka Ltd Theshara Jayasinghe, at the centre of a cooking gas explosion controversy and shortages is to be replaced, sources said.

Jayasinghe’s pending removal comes in the wake of an unprecedented gas shortage in the country, followed by a series of explosions.

Meanwhile, samples of a gas shipment that is in Colombo port has been sent to the laboratories to check for quality before unloading.

There is speculation that Administrative Secretary of the Sri Lanka Podujana Peramuna Renuka Perera could be made chairman of Litro. (Colombo/ Jan 13/2022)

COLOMBO (News 1st); Although Sri Lanka’s Joint Cabinet Spokesperson Minister Dr.Ramesh Pathirana admits that the country is currently facing a dollar crisis, the Government is of the stance that the country will settle the USD 500 Million worth of International Sovereign Bonds (ISB) due on the 18th of January 2022. Minister Pathirana said every Sri Economists question decision to repay sovereign bonds amidst depleting reserves

COLOMBO (News 1st); Sri Lanka’s ailing economy continues to plunge into further chaos. Economists opine, power outages, endless gas queues, acute shortages of chemical fertilizer despite permission being granted to import and companies limiting the import of milk powder is all a result of the deepening economic crisis. Sri Lanka’s Dollar reserves, an essential counter Sri Lanka’s Top Economists demand USD 500 Mn ISB settlement be stopped

The Maya writing system was used in what is now Mexico and Central America for almost two thousand years, until after the arrival of...

COLOMBO (News 1st); ‘Shortage’ is a word that is on almost every Sri Lankan’s tongue. Milk powder, gas, fertilizer, and Dollars to name a few. Due to the shortage of gas throughout the country, the distribution of gas in some areas today had to be done amidst police security. Many who waited in long queues Gas distributed amidst police protection as shortage takes its toll

Bomb blasts, luxury watches, and loud snoring: the remarkable story behind Sri Lanka's World Cup triumphANDREW FIDEL FERNANDO  |  MARCH 2015 Before the ball has crossed the...