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Sri Lanka struggles to buy fuel after protests
... statement said. Doctors, nurses and medical staff say they struggle to find enough fuel to get to work despite being designated essential workers. The government has to give us a solution, H.M. Mediwatta, secretary of one of the largest nursing unions in Sri Lanka, told reporters that this is an impossible situation. The South Asian nation's most serious economic crisis since independence from Britain in 1948 comes after the COVID 19 battered the tourism-reliant economy and slashed remittances from overseas ...
Updated: 06/30/2022
India’s economic growth has been complicated by China and Ukraine
... thrown up several new challenges. The Covid 19 pandemic has hit global supply chains and caused economic hardship. India has a military confrontation with China, which complicates that relationship. Among India's immediate neighbours, Pakistan and Sri Lanka offer stark examples of poor economic policies that lead to internal turmoil, a reminder of the need for strong and uninterrupted growth in a country with a poverty rate of 10% and a highly aspirational population. The report further noted that ...
Updated: 06/29/2022
Sri Lanka faces fuel shortages, protests
Hundreds of people in Sri Lanka marched on Wednesday to demand that the government resolve a severe fuel shortage at the heart of the worst economic crisis in decades or step down. Hundreds of people in Sri Lanka marched on Wednesday to demand that the government resolve a severe ...
Updated: 06/29/2022
Sri Lanka faces fuel shortage, medical staff on strike
On June 27, 2022, a police officer and army soldiers secure a fuel station as people register themselves to purchase fuel in Colombo, Sri Lanka. On June 27, 2022, a police officer and army soldiers secure a fuel station as people register themselves to purchase fuel in Colombo, Sri Lanka. ERANGA JAYAWARDENA AP COLOMBO Doctors and other medical staff as well as teachers in Sri Lanka will ...
Updated: 06/29/2022
Sri Lanka struggles to find fuel suppliers
... find suppliers. They are not willing to accept letters of credit from our banks. There are over $700 million in overdue payments so suppliers want advance payments, Power and Energy Minister Kanchana Wijesekera told reporters. In the past two months, Sri Lanka has largely recieved fuel via a $500 million Indian credit line that ran out in mid-June. A petrol shipment due to arrive last Thursday didn't arrive, and no fresh shipments are yet to be scheduled, according to Wijesekera . We have about 9,000 ...
Updated: 06/29/2022
SpiceJet launches online visa service for international passengers
... more innovative products and services to enhance our customer's travel experience. SpiceJet plans to add more countries to the list in the coming months, as there are currently twelve international destinations including Thailand, UAE, Bangladesh, Sri Lanka, Singapore, Saudi Arabia, Hong Kong, United Kingdom and select European countries.
Updated: 06/29/2022
China’s ambassador to Tonga denies debt trap diplomacy
... Lankan port that China took over when Colombo couldn't repay its loan, he said: I don't think we can compare these two preferential loans because every country has its own unique conditions. Tonga's national condition and status can't be compared to Sri Lanka. The ambassador tried to allay concerns about China's efforts to secure a sweeping security agreement for the region, saying that the China came to the Pacific region to build roads, bridges and improve the people's standards of living, not to station ...
Updated: 06/29/2022
Sri Lanka's economy contracted 1.6% in Q1
COLOMBO Sri Lanka's economy contracted 1.6 per cent in the January to March quarter compared to the same period a year earlier, data shows on Tuesday Jun 28 and is expected to shrink even more in the current quarter due to the nation's worst financial crisis in decades ...
Updated: 06/28/2022
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