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by Eng Parakrama Jayasinghe parajayasinghe@gmail.com Electricity consumers reeling from the massive increase in tariff in February (adjusted somewhat in July 2023) were naturally appalled by the request for a further increase by the Ceylon Electricity Board (CEB). A public consultation was held on 18 October 2023 by the Public Utilities Commission of Sri Lanka (PUCSL) […]
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
[…]The post Isn’t It Time For Sri Lanka To Expel Israelis? appeared first on Colombo Telegraph.
by Zinara Ratnayake It’s Lansi food,” Stephanie Herft begins to describe lamprais. Herft is the founder of Lansi’s, a home-based food delivery business that began in May 2019, in Colombo. I’m talking to Herft over the phone on a Sunday evening. She had just delivered a carton of lamprais, a Sunday afternoon staple at Lansi […]
[…]The post Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality appeared first on Colombo Telegraph.
A daily pricing formula for fuel is set to be introduced in introduced in Sri Lanka in February 2024.
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
By Shamindra Ferdinando The government has requested UN intervention to prevent the large Indian fishing fleet from poaching in Sri Lankan waters. Fisheries Minister Douglas Devananda has made the request on behalf of the Wickremesinghe-Rajapaksa government. A statement issued by the Fisheries Ministry on 16 Oct., quoted Devananda as having told UN Resident Coordinator in […]
Sri Lanka's president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China's Belt and Road Initiative.The post Sri Lanka president urges debt relief to help green transition appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Government insists there is no move to resume the QR code system for fuel. Power and Energy Minister Kanchana Wijesekera said that there has not been any discussion on such a move. He said the Ministry of Power and Energy, the Ceylon Petroleum Corporation and Ceylon Petroleum Storage Terminals
[…]The post Palestinians, The Terrorists & Israelis, The Victims appeared first on Colombo Telegraph.
President Ranil Wickremesinghe yesterday issued orders to police to provide necessary security measures for Israelis in Sri Lanka The President issued the directive during his briefing to the Cabinet of Ministers, the President’s Media Division (PMD) said. PMD said: In a briefing to the Cabinet, President Ranil Wickremesinghe expressed deep concern over the recent attacks […]
An international consultant has been appointed to guide the restructuring process of SriLankan Airlines, Minister of Port, Shipping and Aviation Nimal Siripala de Silva said. The Minister said the consultant is expected to bring expertise and best practices to guide the restructuring efforts. Sri Lanka’s aviation sector has reported a substantial profit of Rs. 22 […]
President Ranil Wickremesinghe has ordered Police protection for Israelis in Sri Lanka and also condemned the unprecedented attack by Hamas on Israel killing a large number of civilians. The President told the Cabinet that there are several Sri Lankans working in Israel and the Ministry of Foreign Affairs must locate them and ensure their safety. […]
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
President Ranil Wickremesinghe delivered a powerful speech emphasizing the importance of unity and development for the country’s future when he attended the 150th-anniversary celebration of St. Michael College in Batticaloa on Saturday (07) . The president commended the school for its diverse student body and its role in promoting harmony among different communities. The president […]
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo today (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s ambitious climate plans and the dire state of global biodiversity. President Wickremesinghe opened […]
[…]The post Sri Lanka: IMF / World Bank – Systemic Reforms Needed appeared first on Colombo Telegraph.
President Ranil Wickremesinghe has said all media should engage in a discussion on whether to enter into international agreements or work within the country’s legal framework. He said so at the felicitation ceremony to honour one of the most distinguished figures in Sri Lankan journalism, Edmund Ranasinghe, the founding Editor of ‘Divaina’ newspaper and former […]
Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances.The post Sri Lanka aims to streamline tax structure, boost collections appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Saman Indrajith Opposition and SJB leader Sajith Premadasa told Parliament yesterday that Sri Lanka had failed to secure the crucial second tranche of a $3 billion loan from the International Monetary Fund as the country was still being ruled by the same corrupt family regime, which had bankrupted the economy. Premadasa said that the […]
Video: What happened to Sri Lanka 'Competitive Fuel Market'?
[…]The post The Courts Would Be The Better Option For Undemocratic Actions To Be Contested appeared first on Colombo Telegraph.
By Jehan Perera The government has allocated Rs 11 billion in the provisional budget for next year for the presidential elections due in September. This is a positive indication that the government intends to hold those elections. Free and fair elections being held when due is a core concept of a functioning democracy. This was […]
The Ceylon Petroleum Corporation (CEYPETCO), Lanka IOC and Sinopec increased fuel prices in Sri Lanka. CPC said that the price of 92 Octane Petrol has been increased by Rs. 04 per litre, 95 Octane Petrol by Rs. 03 per litre, Super Diesel by Rs. 62 and Auto Diesel by Rs. 10 per litre. CPC
[…]The post Has The Economy Been Assassinated & If So, Who Were The Assassins? appeared first on Colombo Telegraph.
The Ceylon Petroleum Corporation (CEYPETCO) has decided to increase fuel prices with effect from midnight today (October 01).The post CEYPETCO increases fuel prices appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.