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WB says Lanka needs urgent policy measures to tackle unsustainable debt, Balance of Payment challenges

The World Bank last week said Sri Lanka faces unsustainable debt and Balance of Payment challenges. “Sri Lanka’s economic outlook is highly uncertain due to the fiscal and external imbalances. Urgent policy measures are needed to address the high levels of debt and debt service, reduce the fiscal deficit, restore external stability, and mitigate the […]

World Bank pegs India s FY23 economic growth lower at 8%

Norochcholai running out of coal, six to eight hour power cuts loom

By Ifham Nizam The contry risks six to eight hours per day power cuts down the road if coal supplies for the Norochcholai coal power plant are not sustained, CEB officials said on Friday.”If all coal shipments cannot be cleared because of the cash crisis, the coal plant cannot run after August and six to […]

World Bank says Lanka s economic outlook is highly uncertain, needs urgent policy measures – The Island

World Bank says Lanka s economic outlook is highly uncertain, needs urgent policy measures – The Island
island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.

Catholic Church backs Galle Face protests

The Catholic Church has decided to extend its fullest support to the Galle Face protest demanding the resignation of the President, said Rev. Fr. Cyril Gamini Fernando, Director, National Catholic Center for Social Communications and spokesman for the Church. Addressing a press conference at Bishop’s House in Colombo on Thursday he said that the Catholic […]

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