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By Shamindra Ferdinando The United Rice Producers’ Association (URPA) has alleged that the releasing of one million kilos of rice held at the Colombo Port will lead to a sharp drop in the rice prices and the rice market could even collapse. Muditha Perera, who heads the Polonnaruwa-based URPA, told The Island that farmers had been struggling […]
The Ceylon Petroleum Corporation (CPC) has reduced the price of petrol with effect from 9 pm yesterday. Prices of both 92 Octane petrol and auto diesel were reduced. The price of 92 Octane petrol was reduced by Rs. 40 per litre and the price of auto diesel by Rs. 15 per litre. The revised price […]
It was supposed to be a post-war success story, a fast-developing economy healing after decades of conflict. Instead, it is nearly broke and backsliding into authoritarianism.
It was supposed to be a post-war success story, a fast-developing economy healing after decades of conflict. Instead, it is nearly broke and backsliding into authoritarianism.
COLOMBO, Sri Lanka — As Sri Lankans waited hours in line for fuel, sweated through the springtime heat during daily power cuts, and watched the value of their incomes erode,...