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Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. ...
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
By N Sathiya Moorthy First, it was former Central Bank Governor Dr Indrajith Kumaraswamy. He was the chosen man of President Ranil Wickremesinghe, the then Prime Minister, for the job after his previous choice from Singapore, Arjuna Mahendran, scooted away in the light of the ‘bonds scam’ expose. The man is yet to be traced, for […]
- Parliament elections to be held in 2025 (Category: Breaking News)
- Ranil assures Presidential and Parliament polls next year (Category: Breaking News)
- A clichéd phrase that still makes sense and nonsense, too (Category: Breaking News)
- Parliament to meet tomorrow to debate State of Emergency (Category: Breaking News)
and eliminate fossil fuel-based electricity generation by […]
- CEB seeks approval for another power tariff hike, alleges Electricity Consumers’ Association (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- ‘CEB restructuring by September; power sector entities to be run separately’ (Category: Breaking News)
- CEB hydro power capacity down to 25 percent (Category: Breaking News)
First Executive President JR Jayewardene’s grandson, Pradeep Jayewardene, who recently switched allegiance from SLFP to UNP, says that it is the duty of all to support President Ranil Wickremesinghe in his quest to steer the nation out of the prevailing crisis. “This is not the time to debate whether President Wickremesinghe has a mandate to […]
- MR and JRJ (Category: Breaking News)
- Neo-liberal economic policies (Category: Breaking News)
- JR Jayewardene, Executive Presidency & 20 Amendment (Category: Breaking News)
- JR Jayewardene, Executive Presidency & 20 Amendment (Category: Breaking News)
Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore up the latter’s chances of winning future elections. […]
- President Ranil vows to build debt-free economy (Category: Breaking News)
- Barks of crooks (Category: Breaking News)
- President: Those who try to dictate terms to IMF have Montessori-level knowledge (Category: Breaking News)
- Exercise in futility (Category: Breaking News)
By Jayantha Somasundaram When Dr Salvador Allende was elected President of Chile in 1970 at the head of a coalition that included the Socialist and Communist Parties, and with a mandate to nationalise foreign capital, carry out land reform and implement sweeping welfare measures, his government was targeted by Washington and opposed by Chile’s business […]
- “The film kills Neruda” (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
- Whither Lanka? (Category: Breaking News)
- To Be Or Not To Be (A US Military Base) (Category: Breaking News)
Thursday 14th September, 2023 Everyting is weaponised in politics and war, and not even corpses are spared. A long time before the advent of biological warfare in its present form, Mongolian warrior-ruler, Genghis Khan, used infectious agents as a military weapon. Historical records reveal that he had rotting corpses catapulted into the fortresses his army […]
- A pura - Omanthai stretch of railway track officially launched for public transport (Category: Breaking News)
- Rail strike called off (Category: Breaking News)
- Rail service between Mahawa and Jaffna to be suspended for five months (Category: Breaking News)
- New heads appointed to DMT and Railway Dept (Category: Breaking News)
Daily automated price revising system will be implemented at all fuel stations under Ceylon Petroleum Corporation (CEYPETCO) in Sri Lanka from next year, Minister of Power and Energy Kanchana Wijesekera said.The post Sri Lanka to introduce daily automated fuel price revising system from 2024
- Fuel prices to be revised daily - Minister (Category: Breaking News)
- Sri Lanka started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- Mobile application to be introduced to obtain information on fuel reserves and upcoming fuel sto... (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Good Governance & Economic Development – Part II (Category: Breaking News)
by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel. The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation
- Taxation Without Accountability Is Not Sustainable (Category: Breaking News)
- CPA survey claims JVP Leader most popular with 48.5% of those surveyed (Category: Breaking News)
- Joint food security assessment by govt., FAO, WFP next month (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
Monday 4th September, 2023 Sri Lankans with a predilection for gratuitous violence or wanton brutality no longer have to spend money to watch western gangster movies. Local television news bulletins are full of actual scenes of violence; they are in fact scarier than taut Hollywood thrillers such as Tarantino’s Reservoir Dogs. Sicarios of local gangsters […]
- Litro Gas turning a profit after years - Chairman (Category: Breaking News)
- No gas distribution tomorrow as well - Litro (Category: Breaking News)
- Domestic LP gas cylinders not distributed tomorrow as well (Category: Breaking News)
- No distribution of domestic LP gas tomorrow - Litro (Category: Breaking News)
ECONOMYNEXT –The QR code-enabled fuel rationing system that was in operation Sri Lanka for well over a year is to be suspended effective September 01, Power & Energy Minister Kanchana Wijesekara said on Friday. The minister told reporters that consumers can purchase fuel without scanning
- Gas muzzlers (Category: Technology)
- Why 'feed' a car? (Category: Technology)
- 'Miracle material' (Category: Technology)
- Gas Only (Category: Business)
AFP:Sri Lanka’s police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they stormed the island nation’s presidential compound last year. Constable R. M. D. Dayaratne was deployed to help protect the colonial-era residence on the day it was taken over by protesters who forced then-president Gotabaya […]
- Makumbura Multimodal Centre blocked by protesters (Category: Breaking News)
- Did troops use rods and poles against protesters? (Category: Breaking News)
- Iraqi protesters occupy parliament in Baghdad (Category: Breaking News)
- First person to forcibly enter Presidential Secretariat on July 09 remanded (Category: Breaking News)
Sri Lanka’s police force said on Friday that it had sacked an officer who entertained protesters with an impromptu piano performance after they stormed the island nation’s presidential compound last year. Constable Dayaratne was deployed to help protect the colonial-era residence on the day it was taken over by protesters who forced then-president Gotabaya Rajapaksa […]
- UK to ban American XL bully dogs after latest deadly attack (Category: Breaking News)
- Nottinghamshire sign Sri Lanka seamer Asitha Fernando (Category: Breaking News)
- Sri Lanka shocked at shooting of former Japanese PM (Category: Breaking News)
- Sri Lanka looks forward to working with new Australian PM (Category: Breaking News)
Sri Lanka has scrapped the fuel quota QR code system which was introduced last year owing to the economic crisis. Minister of Power and Energy Kanchana Wijesekera said that the QR code system has been scrapped with immediate effect. Accordingly, the Minister said that the system
- Fuel issued only under QR code system from today (Category: Breaking News)
- Fuel pass QR Code system rollout delayed (Category: Breaking News)
- QR code fuel quota system to be updated at midnight today (Category: Breaking News)
- Over 4,700 vehicles refueled under QR code system (Category: Breaking News)
The government yesterday (01) increased fuel prices again and announced the cancellation of the QR code system that was in place to restrict fuel supply in the retail market. The QR code system was meant to drastically drop fuel consumption due to the financial crisis that throttled the economy
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Laugfs too jacks up price of gas (Category: Breaking News)
- Power charges up by 18% from Friday (Category: Breaking News)
- Price of cigarette increased from today (Category: Breaking News)
The QR code based National Fuel Pass system will be discontinued in Sri Lanka with effect from today (September 01).The post Sri Lanka to discontinue QR code based National Fuel Pass from today (September 01) appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
- National Fuel Pass: Implementation from July 26 – Only QR code based service from August 01 (Category: Breaking News)
- Refuelling according to the National Fuel Pass further delayed (Category: Breaking News)
- Fuel quota to be increased from Tuesday (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
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