{"id":31590,"date":"2022-03-26T11:36:48","date_gmt":"2022-03-26T06:06:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/lanka-media-newsprint\/"},"modified":"2022-03-26T11:36:48","modified_gmt":"2022-03-26T06:06:48","slug":"lanka-media-newsprint","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lanka-media-newsprint\/","title":{"rendered":"Lankan newspapers run out of newsprint due to forex crisis; suspend publication"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-12432334\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Colombo, Mar 26 (PTI) Sri Lanka\u2019s two major newspapers on Saturday suspended their publication over newsprint shortage and price escalation caused by the country\u2019s all-time worst foreign exchange crisis.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3996702103\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The Island, an English daily along with its sister Sinhala paper Divayina, ceased to print as the newsprint scarcities and price escalations hit the media organisation.<\/p>\n<p> \u201cWe regret to inform our readers that we have been compelled to suspend the publication of The Island print edition on Saturday until further notice in view of the newsprint shortage,\u201d Upali Newspapers Limited said in a statement.<\/p>\n<p> Sri Lanka is facing its all-time worst foreign exchange crisis after the pandemic hit the nation\u2019s earnings from tourism and remittances.<\/p><div class=\"trade-content_5\" id=\"trade-472576834\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The import costs of newsprint also rose remarkably since the government\u2019s decision early this month to float the Sri Lankan rupee against the US dollar.<\/p>\n<p> The Island newspaper, which has been in print since October 1981, will now function as an e-paper.<\/p>\n<p> Sri Lanka is facing an acute economic and energy crisis triggered due to shortage of foreign exchange. A sudden rise in prices of key commodities and fuel shortage forced tens of thousands of people to queue for hours outside petrol filling stations. People are also facing long hours of power cuts daily.<\/p>\n<p> All essentials are in short supply due to import restrictions forced by the forex crisis.<\/p>\n<p> As part of its measures to tackle the crisis, the Sri Lankan government has sought India\u2019s assistance. After months of resistance, the government is preparing to approach the International Monetary Fund (IMF) for an economic bailout.<\/p>\n<p> In a related development, the Indian Oil Corporation\u2019s local entity LIOC effected another price hike of petrol with effect from midnight Friday. This was the LIOC\u2019s fourth price hike since February.<\/p><div class=\"trade-content-10\" id=\"trade-1079918419\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> India recently announced to extend a USD 1 billion line of credit to Sri Lanka as part of its financial assistance to help the country deal with the economic crisis. New Delhi had extended a USD 500 million line of credit to Colombo in February to help it purchase petroleum products. PTI CORR  CPS<\/p>\n<div class=\"trade-after-content\" id=\"trade-2806165356\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Colombo, Mar 26 (PTI) Sri Lanka\u2019s two major newspapers on Saturday suspended their publication over newsprint shortage and price escalation caused by the country\u2019s all-time worst foreign exchange crisis. The Island, an English daily along with its sister Sinhala paper Divayina, ceased to print as the newsprint scarcities and price escalations hit the media organisation. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1698,1795,31],"tags":[],"class_list":["post-31590","post","type-post","status-publish","format-standard","hentry","category-commodities","category-foreign-exchange-and-rupee-price","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lankan newspapers run out of newsprint due to forex crisis; suspend publication - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/lanka-media-newsprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lankan newspapers run out of newsprint due to forex crisis; suspend publication\" \/>\n<meta property=\"og:description\" content=\"Colombo, Mar 26 (PTI) Sri Lanka\u2019s two major newspapers on Saturday suspended their publication over newsprint shortage and price escalation caused by the country\u2019s all-time worst foreign exchange crisis. 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