K line shipping sri lanka

Sri Lanka will hold a donor conference with China, India and Japan as it seeks overseas assistance to find a way out of its worst economic crisis in decades, Prime Minister Ranil Wickremesinghe told parliament on June 22. "We need the support of India, Japan and China, who have been historic allies," he said. Sri Lanka will call China, India and Japan to a donor conference to drum up more foreign assistance and present an interim budget in August, the prime minister said on June 22, amid ongoing negotiations with the International Monetary Fund (IMF). The island nation of 22 million people is struggling with its worst economic crisis in seven decades, unable to import essentials including food, fuel and medicines because of a severe shortage of foreign exchange. An interim budget will be presented in August, seeking to put public finances on a more sustainable path and increase funds to the poor who have been hardest hit, Prime Minister Ranil Wickremesinghe told parliament. … [Read more...] about Crisis-hit Sri Lanka plans donor conference with China, India and Japan

Colombo, Sri Lanka Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government resolve a severe fuel shortage at the heart of the Indian Ocean island's worst economic crisis in decades or step down. Weeks of street demonstrations against cascading woes such as power cuts and shortages of food and medicine brought a change in government last month after nine people were killed and about 300 injured in protests. Left with just enough fuel for about a week and fresh shipments at least two weeks away, the government restricted supplies on Tuesday to essential services, such as trains, buses and the health sector, for two weeks. The prime minister's office said in a statement a government-ordered petrol shipment would arrive on July 22, while Lanka IOC, a unit of Indian Oil Corporation, is expecting a shipment of petrol and diesel around July 13. "The government is also attempting to secure fuel shipments … [Read more...] about As Sri Lanka runs out of fuel, doctors and bankers protest ‘impossible situation’

A segment of India Inc is looking at crisis-hit Sri Lanka and Ukraine to hire tech talent at a massive discount. Economic crisis in the neighbouring Sri Lanka and war-torn Ukraine are offering value for money tech talents, argue some companies and HR firms.  Some of them are available at upto one-third price of the market rate in India and its a win-win for both sides, they add. The price these talent are coming for is at a 40 percent to 65 percent discount when compared with the flared-up current market price. Companies have started experimenting with the talent from these locations to deal with the tech talent war in India. “Another solution for the tech talent war we have started exploring is – we have started going beyond the homogenous hiring networks. We experimented with few UI developers from Nigeria…and Sri Lanka. We also have looked at some of these developers from Ukraine also,” said Amrit Jaidka Arora, chief human resource officer at Digit Insurance , an Indian … [Read more...] about Indian companies look at crisis-hit Sri Lanka, Ukraine to hire tech talent at massive discount

Sri Lanka’s medical staff is suffering from a shortage of fuel and medicine. Doctors and nurses say they are struggling to find enough fuel to get to work, even though they are designated, essential workers. On top of this, the island nation is suffering power cuts and shortages of food and medicines. On Wednesday, over 100 medical staff from the national hospital of Colombo marched to the prime minister’s office. The protestors demanded a fresh supply of fuel and medicines. Public health inspectors and other health service workers went on strike on Wednesday and Thursday. A secretary of Sri Lanka’s All Island Nurses Union, H.M. Mediwatta, said… “This is an impossible situation, the government has to give us a solution.” Doctors and nurses aren’t the only workers outraged in Sri Lanka. A union of bankers, teachers, and self-employed workers marched to the president’s house. Riot police put up barricades to stop the march. The marches were held a day after Sri Lanka suspended … [Read more...] about Sri Lanka’s doctors and nurses demand fuel and medicine

Uditha Jayasinghe (Reuters) (The Jakarta Post) PREMIUM Colombo   ● Tue, June 28 2022 Troops in Sri Lanka handed tokens on Monday to people queuing 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 work from home. With its foreign-exchange reserves at a record low, the island of 22 million is struggling to pay for essential imports of food, medicine and most critically, fuel. "I have been in line for four days, I haven't slept or eaten properly during this time," said auto-rickshaw driver W.D. Shelton, 67, one of those who received a token meant to hold his place in the queue for when fuel becomes available. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs … [Read more...] about Crisis-hit Sri Lanka shuts schools, urges work-from-home to save fuel

The supply of petrol for cars in Sri Lanka has been suspended due to the country’s greatest economic crisis in decades. Only buses, trains, ambulances, and transport needed to deliver food will be permitted to refuel over the next 2 weeks. Authorities revealed that only 9,000 tonnes of diesel and 6,000 tonnes of gasoline are available to support the nation’s critical services, and buying petrol and diesel for private cars is prohibited until July 10. Authorities have ordered 22 million people to work from home, and schools in urban areas have closed for the time being. Nathan Piper, head of oil and gas research at Investec, says Sri Lanka is the first country to take such extreme measures of suspending sales of petrol to the community, “Since the 1970’s oil crisis when fuel was rationed in the US and Europe and speed limits introduced to reduce demand.” Sri Lanka is negotiating a bailout plan since it is struggling to pay for imports like petrol and food. Furthermore, the … [Read more...] about Sri Lanka suspends sale of petrol to public for next 2 weeks

(Reuters) - Pathum Nissanka cracked a brilliant 137 while Kusal Mendis scored a half-century before getting injured as Sri Lanka beat Australia by six wickets in the third one-day international on Sunday to take a 2-1 lead in the five-match series. Chasing 292 to win, Sri Lanka shook off the early dismissal of Niroshan Dickwella for 25 as Nissanka and Mendis combined for a brilliant 170-run partnership for the second wicket to put their side in complete control. But while Mendis retired hurt with a hamstring injury on 87, Nissanka hung on to take his team close to the finish line which they crossed with nine balls to spare after to a quick-fire 25 by Dhananjaya de Silva and Charith Asalanka's steady 13. Nissanka's knock came off 147 deliveries and contained 11 fours and two sixes. Australia opted to bat first after winning the toss and an unbeaten 70 from Travis Head and 62 from skipper Aaron Finch helped them to a competitive 291-6 on a tricky Colombo wicket which was slow … [Read more...] about Cricket-Nissanka smashes ton as Sri Lanka beat Australia in third ODI

COLOMBO (Reuters) -Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis. The Cabinet decision came as the minister, Kanchana Wijesekera, headed to Qatar and a ministerial colleague was due to arrive in Russia on Sunday for talks on energy deals. Sri Lanka is suffering its worst economic crisis since its independence, with foreign exchange reserves at a record low of $1.92 billion, according to the Central Bank, though analysts estimate a lower level of useable funds. The island of 22 million people is struggling to pay for essential imports of food, medicine and, most critically, fuel. The government closed urban schools for about two weeks from Tuesday and allowed fuel supplies only to services deemed essential like health, trains and buses as stocks would only last only a week or so … [Read more...] about Cash-starved Sri Lanka to end fuel duopoly to ease shortages

COLOMBO (Reuters) - Sri Lanka's president on Friday appointed tycoon Dhammika Perera as minister for investment promotion, his office said in a statement, as the crisis-hit country struggles to find foreign exchange to import food, fuel and drugs. A major Sri Lankan investor who holds stakes in dozens of companies, Perera replaced President Gotabaya Rajapaksa's brother in parliament earlier this month after he stepped down. Basil Rajapaksa, the president's younger brother, previously served as finance minister. "Dhammika Perera is a very successful businessman and he has come out with several proposals on how Sri Lanka can emerge from this crisis," Sagara Kariyawasam, General Secretary of the ruling Sri Lanka Podujana Peramuna party, told Reuters. "We will watch with optimism." Perera, one of the richest businessmen in Sri Lanka, has investments in companies spanning manufacturing, banking and finance, leisure, plantations and power generation. Sri Lanka is in the midst … [Read more...] about Tycoon appointed crisis-hit Sri Lanka’s minister for investment promotion

- A + A For as long as the human race has organised itself into sovereign nations, no country has had a story of limitless success. Nations and empires alike have risen and fallen, over thousands of years. Every language has sayings like “it takes a village to raise a child” to remind us of the limitations of individual people and the need to work together. Similarly, no nation will ever thrive in isolation. The fate of every country is dependent on its relationships with other countries, with allies who share their values and who support each other in times of need. History is littered with examples of countries that have been beset by natural disasters, militarily crippled, ridden with diseases, targeted by terrorism or economically ruined. What separates those who overcome these challenges from those that don’t is the willingness of other countries to come to their aid. After World War II, for example, when the Axis powers were roundly defeated, it was the … [Read more...] about Sri Lanka won’t be the last nation to need friends