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OPEC+ producers have agreed to voluntary oil output cuts for the first quarter next year in an attempt to boost the market, but crude prices fell after the move. Saudi Arabia, Russia and other members of OPEC+, who pump more than 40 percent of the world’s oil, met online on Thursday and issued a statement […]
Bus fares will not be revised despite the fuel price reduction, the National Transport Commission (NTC) says.
In a surprise that has lit up COP28, delegates have agreed to launch a long-awaited fund to pay for damage from climate-driven storms and drought. Such deals are normally sealed last minute after days of negotiations. COP28 president Sultan al-Jaber shook up the meeting by bringing the decision to the floor on day one. The […]
Fuel prices in Sri Lanka have been revised with effect from midnight on November 30, 2023.The post Sri Lanka revises fuel prices from November 30, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Ceylon Petroleum Corporation (CEYPETCO) has revised its fuel prices with effect from midnight today (Nov. 30).
The Ceylon Petroleum Corporation (CEYPETCO) has revised its fuel prices with effect from midnight today (30). The revised prices per liter are • Petrol 92 Octane – Rs. 346 (reduced by Rs. 10) • Petrol Octane 95 – Rs. 426 (increased by Rs. 3) • Auto Diesel – Rs. 329
[…]The post Responsible Investment Of Borrowed Money; Could This Be A Way Forward? appeared first on Colombo Telegraph.
The Emirati president of the United Nations Climate conference in Dubai has denied reports that he has used his role at the negotiations to pursue fossil fuel deals. A day before the talks are due to begin, Sultan al-Jaber, who also is the CEO of the state-run Abu Dhabi National Oil Co (Adnoc
The Mattala Rajapaksa International Airport had incurred a loss of two billion rupees on average between 2017 and 2023, Minister of Ports, Shipping and Aviation Nimal Siripala de Silva told Parliament on Wednesday (29.) “However, the loss has been reduced to about 1.1 billion rupees in 2023,” the Minister said, adding that the airport had […]
World leaders, government representatives and delegates are set to gather for the annual United Nations climate change summit, known as the Conference of the Parties or COP28 in Dubai, the United Arab Emirates (UAE). Reining in fossil fuels and carbon emissions are expected to be topping the agenda of the 13-day summit (November 30 to […]
[…]The post Futility Of A ‘UN Day Of Palestinian Solidarity’ – In A World Carrying Its Past Guilt! appeared first on Colombo Telegraph.
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds of thousands of signatures for its […]
By GUWAN SEEYA First, there was the China Bay airport nominated as a possible alternative to the Bandaranaike International Airport (BIA). The advantage was that since Sri Lanka was mainly affected by two Monsoons namely the South West and the North East, during that time the opposite coast has generally had good weather. For example, […]
Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation’s energy minister said on Saturday. “It’s on the agenda for Monday. Once the cabinet gives approval, we will invite them to sign the agreement,” Power and Energy Minister Kanchana Wijesekera told […]
Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation's energy minister said on Saturday.The post Sri Lanka to OK Sinopec’s $4.5 billion refinery proposal on Monday – minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Here’s a quick recap of what has been learned about the hostage release agreement announced by Qatari foreign ministry spokesman Majid al-Ansari: A pause in fighting will begin at 7am local time on Friday, both north and south of the Gaza Strip 13 hostages will be released at approximately 4pm All those to be released […]
[…]The post Israel – Most Condemned UN Member appeared first on Colombo Telegraph.
RM Parks Inc, a leading petroleum products distributor in the United States signed an agreement with the Board of Investment (BOI) for U$ 110 million to bring Shell products to Sri Lanka.The post RM Parks signs $110 million petroleum agreement with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A US energy company and Sri Lanka signed a fuel distribution deal to begin retail petroleum distribution operations in Sri Lanka in January 2024, the Ministry of Power and Energy said. RM Parks signed the agreement with the Board of Investment (BOI) and the Ministry of Power and Energy. RM Parks
[…]The post Regain A Vision Of Rhe Common Good appeared first on Colombo Telegraph.
Budget 2024 is like a fairy tale rather than a pragmatic solution to pressing economic issues, SLPP MP Dr. Nalaka Godahewa has said. Taking part in the current budget debate, former State Minister said: “Two paramount challenges loom large—the persistent economic contraction and the escalating national debt. A practical budget should provide answers to these […]
[…]The post Still, The Mirage appeared first on Colombo Telegraph.
Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors a key sticking point with countries like India paving the way for more loans from the International Monetary Fund.The post Sri Lanka gives China deal details, keeping IMF aid on track appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Uditha Devapriya Interactions are about connections. Connections are not always about commonalities. After all, it is not just commonalities that are celebrated, it is also differences. There are many ways of celebrating differences, many ways of affirming them. The Interact Movement in Sri Lanka is now almost 60 years old. The Interact Club of […]
[…]The post If It Is Not ‘Genocide’ In Gaza, Then What Should We Call It? appeared first on Colombo Telegraph.
A Boeing 747 cargo jet has been forced to turn around, after a horse escaped from its stall and caused chaos as the plane cruised at 30,000ft (9,144m). The plane was headed to Belgium from New York but did a U-turn roughly 90 minutes after its departure when the animal got loose. Air traffic control […]
President Ranil Wickremesinghe has announced in his budget speech that he has allocated Rs 2 billion to construct another international airport at Hingurakgoda (Minneriya). Really? We already have ‘International Airports’ at Ratmalana, Jaffna/Palaly (KKS), Mattala, Batticaloa and Katunayake. In fact, in the North, South, East and West of the island. BIA-Katunayake is the only International […...
[…]The post Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt appeared first on Colombo Telegraph.
Sri Lanka is likely to raise taxes and curb spending in its annual budget to meet the International Monetary Fund’s conditions and maintain a $3 billion bailout, but elections next year might see the government delay some reforms.The post Sri Lanka to use budget to meet some IMF pledges as polls near appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.