United Petroleum Australia Pty Ltd has entered into a contract with Sri Lanka s Ministry of Power and Energy to supply petroleum products into the local market.

Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]

As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]

Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]

Under Secretary of State for Public Diplomacy Elizabeth Allen on Monday (19) declared US support for journalists here against the backdrop of enactment of ‘Online Safety Bill’ She spokes about press freedom and related issues at the Sri Lanka Press Institute Press Club. A statement issued by the US Embassy quoted Allen as having said […]

Depts. of Catering and Housekeeping and Admin. account for more than 50% of total employees By Shamindra Ferdinando Chief of Staff and Deputy Secretary General of the Parliament G.K.A. Chaminda Kumara Kularatne said that the Parliament was not aware of the basis Chief Government Whip Prasanna Ranatunga, MP, declared that a day’s proceedings cost Rs […]

Sri Lanka needs to reduce the cost of producing electricity by about 25 percent in the next three years, , General Manager of CEB Narendra de Silva said on Thursday (15) during a consultation on the proposed electricity tariff, organized by the Public Utilities Commission of Sri Lanka (PUCSL) at the BMICH. “Right now we […]

Saturday 17th February, 2024 Trade unions are on the warpath, demanding pay hikes, and the ordinary people are struggling to keep their heads above water mostly due to unconscionably high tax and tariff hikes. The government insists that such painful measures are necessary to help the country come out of the present economic crisis. But […]

of Sri Lanka s fuel crisis.

Japan will provide JPY 1.23 billion grant aid to improve power supply at selected hospitals here. The Japanese embassy said that this grant aimed to reduce carbon footprint and ease the financial burden on energy costs at Sri Jayewardenepura General Hospital, Teaching Hospital Ratnapura, and Teaching Hospital Kurunegala. With this assistance, the recipient hospitals will […]

By Zinara Rathnayake Jezima Mohammed has run a small workshop and boutique, Jez Look Batiks, from her home in Matara, Sri Lanka, for nearly seven decades. Now in her 80s, she still works every day. When visitors stop by, the batik artist proudly shows off framed letters from Buckingham Palace and a photo of Queen Elizabeth II […]

State Minister of Power and Energy, D.V. Chanaka, says Sri Lanka has generated a revenue of USD 3 million through the sale of 5,200 MT of fuel via the revived bunkering system for vessels. This signifies a significant step forward in stabilizing the country s energy finances, he added.

State Minister of Power and Energy, D.V. Chanaka, said that a revenue of  USD 3 million was generated through the sale of 5,200 MT of fuel after the bunkering system for vessels  was revived. . Chanaka announced that a USD 200 million buffer stock had been established to ensure energy security

President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]

Urges unity over deep political divisions for effective crisis management Says ‘intricate’ foreign debt restructuring will take up to six months Invites Opposition to confer with institutions that foster international financial stability by Sanath Nanayakkare As government revenue increases, measures will be taken to increase benefits for the people accordingly, President Ranil Wickremesinghe said...

Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building  even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]