Sri Lanka raised gasoline and transportation costs on Tuesday, a long-awaited measure to address the country’s crippling economic crisis, but the increases are likely to aggravate the country’s already-high inflation, at least in the short term. In a statement on Twitter, Power and Energy Minister Kanchana Wijesekera warned that gasoline prices will jump by 20% … Read more
Sri Lanka named the first ministers of a “unity” government tasked with rescuing the country from a crippling economic crisis, but which has so far failed to gain opposition support. Ranil Wickremesinghe, who was appointed Prime Minister on Thursday, has attempted to form a cross-party coalition to begin repairing the island nation’s shattered finances. However, … Read more
In addition to the 14 people injured, a Sri Lankan man’s murder has sparked outrage. Police opened fire on protestors, killing him. On social media, footage of police shooting at protesters in the town of Rambukkana has been extensively circulated. A large number of people have questioned why live bullets were used to disperse demonstrators. … Read more
