Sri Lanka News

Rice shortage all over the country There is a shortage of rice in many parts of the country. There is a shortage of rice for sale in some shops. Traders say that although they have ordered rice, the suppliers have not yet placed such orders. Consumers have also created this shortage by stockpiling rice stocks. Meanwhile, the CWE sales network, as well as the supermarkets, has set a maximum limit of one rice per customer, restricting the issuance of rice. There is a long queue in front of Sathosa outlets to get rice due to the sale of rice under government controlled prices. Resources From lankacnews  

Dhammika Perera is ready to become a Minister   Dhammika Perera, a leading businessman in the country, has obtained party membership in the Sri Lanka People's Front. It is reported that Dhammika Perera is to be appointed to fill the vacancy created by the National List of the Sri Lanka People's Front after the resignation of Basil Rajapaksa. It is learned that he will be sworn in as a Minister after being appointed as a Member of Parliament and it will be a key ministerial post related to investment promotion.  Resources From lankacnews      

  World Bank and S&P rank Colombo Port as the most efficient port in South Asia  According to the World Bank, S&P Global Market Intelligence and Recognized Financial Services Update CPPI (Global Port Performance Index) Second Edition 2021 Ranked 22nd Out of 370 Ports in the World, 3rd in the Indian Ocean region and the Indian Ocean region The Port of Colombo is also rated as the most efficient port. This data is contained in the Second Edition 2021 of the CPPI (Container Port Performance Index), released in collaboration with S&P Global Marketing Intelligence's Maritime, Trade and Supply Chain Unit and the World Bank's Global Transport Activities. The authors give a brief overview of the factors that contributed to this ranking: "What is the impact on a country's ports and terminals as well as container operations when the prices of all essential goods and services have gone up in such a time of crisis, when the shipping process is delayed, the supply proce...

  Use Indian credit line and other available credit lines to resolve the country's drug shortage as soon as possible – COPE chair recommends  The Chairman of the COPE, Hon. (Prof) Charitha Herath, recommended at the Committee meeting held that action be taken to resolve the drug shortage in the country as soon as possible using Indian credit loan assistance and other credit facilities. The recommendations were made when the officials representing the State Pharmaceutical Corporation of Sri Lanka were summoned to the COPE Committee  (May 31) to discuss the current performance and shortage of drugs in government hospitals as at May 13 th 2022 and the measures taken to address the shortage. The COPE chairman pointed out that despite receiving US $ 200 million in financial assistance under the Indian credit line facility, by April 22, 2022, the Ministry's Drug Subcommittee had only recommended a stockpile of medical supplies w...

  World Bank lashes out at Sri Lanka The World Bank has stated that the statement made by the Sri Lankan Ministry of External Affairs that the World Bank will provide US $ 700 million to Sri Lanka in the next few months is untrue. The World Bank says it plans to extend its financial support to Sri Lanka after implementing an adequate macroeconomic policy framework. Under the current circumstances, there is no agreement on the provision of a fixed amount of money, said the Director of the World Bank, Mr. Faris H. Haddad emphasizes by releasing a Twitter message. Resources From lankacnews    

  Shashi Weerawansa sentenced to two years in prison Wimal Weerawansa's wife Shashi Weerawansa has been sentenced to two years imprisonment with hard labor by the Colombo Magistrate's Court. He was also ordered to pay a fine of Rs. 100,000 and an additional six months imprisonment if he did not pay. The order was issued by Colombo Chief Magistrate Buddhika Sri Ragala today. However, she has appealed against the order.  The Colombo Magistrate's Court said that the lawyers' request to release her on bail will be considered on Monday the 30th.  Resources From lankacnews      

  SATHOSA raises prices of many food items, restricts essential food items  Consumers say that the prices of many essential food items have been increased at SATHOSA branches islandwide from the 26th.   Last week Sathosa sold a kilo of Ponni Samba for Rs. 175, a kilo of local red rice for Rs. 145, a kilo of sugar for Rs. Consumers say that a kilo of imported red dhal sells for less than Rs. 560. Despite the increase in prices, the CWE had issued limited quantities of certain food items to its branches, but the CWE had taken steps to restrict the distribution to consumers. Resources From lankacnews