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By Shamindra Ferdinando The Convenor of ‘Samagi Joint Trade Union Alliance’ Ananda Palitha yesterday (06) alleged that the bankrupt country was being exploited to the hilt by the powers that be and external powers. The one-time director of the Ceylon Petroleum Corporation (CPC) said that the Wickremesinghe-Rajapaksa government increased diesel and petrol prices on 30th […]
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- SJB TU accuses CPC, LIOC and Sinopec of making unconscionable profits (Category: Breaking News)
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- VAT on fuel already subjected to several taxes unfair – SJB trade union wing (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
[…]The post To Be Realistic, There Are Only Two Options appeared first on Colombo Telegraph.
- The Partnership Between NPP & JVP Must Be Emboldened (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- Triangular Contest: To Be Realistic, There Are 3 Options: Response To Prof Kumar David (Category: Breaking News)
By Rathindra Kuruwita The government had increased the price of fuel to enable Sinopec, China’s leading international petroleum company to maximise profit, Convenor of the SJB trade union wing, Samagi Joint Trade Union Alliance, Ananda Palitha, alleged yesterday. Palitha
- SJB TU accuses CPC, LIOC and Sinopec of making unconscionable profits (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- VAT on fuel already subjected to several taxes unfair – SJB trade union wing (Category: Breaking News)
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
The second fuel cargo of Sinopec, China s leading international petroleum company, is scheduled to reach Sri Lanka today (Aug 02).
China’s Sinopec, a leading international petroleum company, had imported its first consignment of fuel to be distributed in the local market, Power and Energy Minister Kanchana Wijesekara said yesterday (01). The Minister said in his Twitter that its second shipment would arrive today (03
UAE Minister of Energy and Infrastructure Suhail Al Mazrouei on Saturday expressed his gratitude to Prime Minister Narendra Modi and the Indian government for hosting the G20 Energy Transitions Ministers’ meeting in Goa calling the meeting “a very important one”. “A very important meeting and first I would like to thank the government of […]
- Russia Foreign Minister to attend regional summit SCO in Goa next week (Category: Breaking News)
- Our ties have entered T20 mode: PM on deepening relations with Australia (Category: Breaking News)
- India, UAE reach agreement on green hydrogen development and under sea cable connectivity (Category: Breaking News)
- World leaders in India for G20 summit (Category: Breaking News)
Islamabad [Pakistan], July 19 (ANI): Beyond the upcoming election cycle and the current standby agreement, Pakistan needs another International Monetary Fund (IMF) program and assistance from other multilateral lenders, the lender stated in a report released on Tuesday, according to Dawn. “Resolving Pakistan’s structural challenges, including long-term BOP [balance of payments] pressures, will req...
- Pakistan’s election chaos casts shadow on next IMF deal (Category: Breaking News)
- As economic situation looks gloomy in Pakistan, IMF advises strict measures (Category: Breaking News)
- Former Pak Finance Minister Miftah Ismail says things to ‘remain tight for a while’ on economic ... (Category: Breaking News)
- IMF seeks more Pak assurances before releasing bailout package (Category: Breaking News)
A top Sri Lankan athlete who set national records in the pole vault has been working as a housemaid in Dubai to help support her family at home. For the last year Sachini Perera, 24, has put her athletics dreams on hold when Sri Lanka’s currency crisis and soaring medical bills made it difficult for […]
- Sri Lanka s Vaulting Queen works as Dubai housemaid to support family at home (Category: Breaking News)
- Daughter of Sri Lankan immigrants wins Australia’s biggest literary prize (Category: Breaking News)
- UN Resident Coordinator and Ranil discuss human rights (Category: Breaking News)
- Thai King makes donation to rehabilitate elephant mistreated in Sri Lanka (Category: Breaking News)
New York [US], July 19 (ANI): India’s permanent representative to the United Nations Ruchira Kamboj expressed India’s deep concern about the conflict in Ukraine and urged for an immediate cessation of hostilities as well as a return to dialogue and diplomacy at United Nations General Assembly Annual Debate on Ukraine. She also emphasized that this […]
- “Dialogue and diplomacy are the only way forward”: India in UNSC on Russia-Ukraine conflict (Category: Breaking News)
- India’s G20 presidency hot topic in Chinese media. But Beijing won’t discuss LAC at the summit (Category: Breaking News)
- Ukraine invasion could cause global food crisis, UN warns (Category: Breaking News)
- Is The World, Hopelessly Divided Over Ukraine, Coming Together For Sri Lanka? (Category: Breaking News)
India and Sri Lanka said on Friday that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries.The post India, Sri Lanka agree to boost ties through energy, power and port projects appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka and India reach agreements on Renewable Energy, Animal Husbandry, and more (Category: Breaking News)
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- Indian Prime Minister urges Sri Lankan President to ensure “life of dignity and respect” for Tam... (Category: Breaking News)
- HC Moragoda pushing for land connectivity with India (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe arrives in New Delhi on Thursday on a two-day visit hoping to strengthen economic ties between the South Asian countries.The post Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka trying to reduce overall debt by $17 Billion, president says (Category: Breaking News)
- India seeks ‘positive transformation’ in bilateral ties during Sri Lanka President’s upcoming vi... (Category: Breaking News)
- Sri Lanka and India reach agreements on Renewable Energy, Animal Husbandry, and more (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
- SL lagging behind other countries due to lack of national digital policy- NC sub-committee (Category: Breaking News)
- Relevance of Non-alignment or ‘dynamic neutrality’ to SL’s foreign policy (Category: Breaking News)
- SL economy, IMF claims, and reality (Category: Breaking News)
- Decline of middle class bodes ill for nation (Category: Breaking News)
State Minister of Technology, Kanaka Herath, announced the introduction of the DIGIECON 2030 program, aimed at accelerating Sri Lanka’s economy towards an inclusive digital ecosystem through the utilization of advanced technology-based solutions. The program includes a comprehensive digital master plan, a regulatory policy framework, and a series of annual events that will demonstrate the governme...
- Crisis-ridden Lanka’s brain drain hits ICT sector’s workforce; requires 100,000 more – official (Category: Breaking News)
- Media Ministry Secretary set to earn a good commission (Category: Breaking News)
- The National Digital Economic Strategy for Sri Lanka – 2030 to be implemented (Category: Breaking News)
- Basil gets contract to convert Rupavahini systems to digital (Category: Breaking News)
ECONOMYNEXT –Jet fuel in Sri Lanka is expensive and the government should consider capping the mark-up of state-run Ceylon Petroleum Corporation to reduce costs, according to Philip Goh, Regional Vice President for Asia Pacific of the International Air Transport Association said. “Airlines
- Sri Lanka selects new suppliers for fuel (Category: Breaking News)
- Aviation Fuel (Category: Business)
- Sri Lanka to open ground handling, catering, jet fuel supply at airports to private sector (Category: Breaking News)
- Part of port land up for sale (Category: Breaking News)
China s leading international petroleum company, Sinopec will commence its operations in the country today (July 15) as an importer, distributor and retail operator for petroleum products, according to State Minister Dilum Amunugama.
BEIJING, June 28 (Reuters) – Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery. The 18.8% year-on-year slump in profits came on top of the 20.6% contraction in January-April, and added […]
- China’s security drive hits embassy activities, LGBT events, some diplomats say (Category: Breaking News)
- India’s offer to privatise rocket has 20 potential bidders (Category: Breaking News)
- Sri Lanka to focus on energy, port projects with India during presidential visit (Category: Breaking News)
- ChatGPT maker OpenAI ousts CEO Sam Altman (Category: Breaking News)
[…]The post Towards A False Dawn appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- Political Buddhism & Corruption: The Unholy Twins (Category: Breaking News)
Sri Lanka is likely to discuss energy, power and port projects during a presidential visit to New Delhi next week, the Foreign Minister said, as India tries to push forward stalled initiatives with its crisis-hit neighbour. India’s support was critical for Sri Lanka last year after it almost ran out of dollars and sank into […]
- China’s industrial profits tumble, deepening economic gloom (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- India’s offer to privatise rocket has 20 potential bidders (Category: Breaking News)
- China’s security drive hits embassy activities, LGBT events, some diplomats say (Category: Breaking News)
Sri Lanka is likely to discuss energy, power and port projects during a presidential visit to New Delhi next week, the foreign minister said on Monday, as India tries to push forward stalled initiatives with its crisis-hit neighbour.The post Sri Lanka to focus on energy, port projects with India during presidential visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka to focus on energy, port projects with India during presidential visit (Category: Breaking News)
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- Sri Lanka grants Adani Green Energy provisional approvals for wind projects (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
When the five days long stretch of holidays ended last week and the Colombo bourse reopened for trading on Tuesday, the market surged 6.71 percent (633.69 points up) on the broad All Share Price Index (ASPI) while the Standard and Poor SL 20 index covering the 20 largest and more liquid companies quoted on the […]
- Manning Market closed until further notice (Category: Breaking News)
- Stock market ends on a positive note (Category: Breaking News)
- Stock market closed for the day as S P SL20 falls (Category: Breaking News)
- Man killed in shooting incident at Manning Market (Category: Breaking News)
By Amal JAYASINGHE The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line — people scrambling for travel documents to flee their bankrupt island. “What we see as normalcy is a mirage,” customer care executive Gayan
- Prez offers to convert N’Eliya Post Office into a hotel (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- Covid-19: Public not keen to receive booster jab – Doc (Category: Breaking News)
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit and was pressed into retirement for his troubles.The post ‘No second chance’ to save Sri Lanka, central banker warns appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CBSL chief s special statement on domestic debt restructuring process (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.The post Analysis: A year later, Sri Lanka’s tentative
- Sri Lanka cabinet approves new electricity tariff without saying what it is (Category: Breaking News)
- Japan to support Sri Lanka’s debt restructuring negotiations (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
CP Chairman DEW G says lawmakers here should be aware of what is going on in the world. The Parliament cannot turn a blind eye to global developments, the former MP said, pointing out that the ongoing Ukrainian crisis underscored the need for greater understanding of international affairs as the rapid developments taking place with […]
- DEW alleges US must have approved removal of Galle Face protesters (Category: Breaking News)
- SJB alleges Prez under SLPP pressure to give up power to dissolve Parliament (Category: Breaking News)
- DEW disappointed over disruption of COPE; AG acting in terms of Standing Orders (Category: Breaking News)
- SC ruling on economic crisis: Parliament also responsible, says Foreign Minister (Category: Breaking News)
Chinese Ambassador to Sri Lanka Qi Zhenhong says that many nations in the world, including China and Sri Lanka, are still suffering under the yoke of neo-colonialism and hegemonism. Speaking during a visit to the Muthiyangana Raja Maha Viharaya, AmbassadorQi said China firmly upholds international fair play and justice, advocates the practice of true multilateralism, takes […]
- Flights between China and Sri Lanka to be increased (Category: Breaking News)
- Sri Lanka s priority is to attract investments instead of further borrowings President tells ... (Category: Breaking News)
- Sri Lanka s priority is to attract investments instead of further borrowings President tells ... (Category: Breaking News)
- Sri Lanka s priority is to attract investments instead of further borrowings President tells ... (Category: Breaking News)
[…]The post The March Towards ‘Akhand Bharat’ appeared first on Colombo Telegraph.
- Sri Lanka Is Still In Deep Trouble, With Or Without Ranil (Category: Breaking News)
- Who Were The Early Sri Lankans? (Category: Breaking News)
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- To Be Or Not To Be (A US Military Base) (Category: Breaking News)
The restructuring of State owned SriLankan Airlines is to be completed in 6 months, Ports and Civil Aviation Minister Nimal Siripala de Silva said. He warned that the jobs of SriLankan Airlines employees is at risk if immediate restructuring measures are not implemented. Addressing a press briefing held at the Presidential Media Centre today (30), […]
- Government threatens to scrap monopoly given to SriLankan (Category: Breaking News)
- SriLankan Airlines says delays from time to time is normal (Category: Breaking News)
- Auctioning of SriLankan Airlines postponed (Category: Breaking News)
- SriLankan Airlines denies claims it lost essential workers (Category: Breaking News)
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