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A decision has not been taken to suspend the fuel pass QR code system from April, Power and Energy Minister Kanchana Wijesekera said today. There were reports that the fuel pass QR code system will be suspended from 10th April. However, Wijesekera said the system will continue. He said that data
- Special category to increase fuel quota to be tested (Category: Breaking News)
- New registrations for fuel pass temporarily suspended (Category: Breaking News)
- Last digit number system for fuel to be scrapped (Category: Breaking News)
- Sri Lanka to discontinue QR code based National Fuel Pass from today (September 01) (Category: Breaking News)
Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]
- Reserve Status (Category: Business)
- Reserve Stock (Category: Business)
- Reserve Stock (Category: Business)
- Buffer Burden (Category: Business)
million in providing diesel fuel for public hospitals, across the country, Earlier, China provided […...
- Japanese assistance amounts to over USD 44 mn for such operations (Category: Breaking News)
- Japanese funding to install solar power at three key govt. hospitals (Category: Breaking News)
- Sri Lanka to receive financial assistance of USD 203 million from ADB, JFPR (Category: Breaking News)
- Emergency food supplies: Japan spent USD 10 mn since June last year (Category: Breaking News)
President Ranil Wickremesinghe today revealed China’s refusal to agree to the same conditions placed by India and the Paris Club when restructuring Sri Lanka’s debt. He said that the International Monetary Fund (INF) had proposed that all of Sri Lanka’s main creditors reach a consensus on restructuring Sri Lanka’s debt. Wickremesinghe said that while the […]
- Former UK PM David Cameron holds talks with RW (Category: Breaking News)
- President says money wasted on CEB, CPC, SriLankan (Category: Breaking News)
- Government will not remove anyone owing to protests (Category: Breaking News)
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Initial steps taken through budget to strengthen economy under five-year plan – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka ... (Category: Breaking News)
- President calls Opposition Party Leaders for crucial meeting on IMF proposals (Category: Breaking News)
Is it a curse to be living in these times in this country? It feels like it is so. For we do not find peace of mind in anything, anywhere. Everything is working against the ordinary citizens of the country. The prices of bare necessities of life like food, fuel, electricity, water, transport
- VIDEO: Release Fonseka to stop the flooding, urges Dayasiri (Category: Breaking News)
- Rogues have no right to eat while masses starve! (Category: Breaking News)
- STF commemoration today (Category: Breaking News)
- Prof. Dunusinghe debunks govt.’s claims about stabilising economy (Category: Breaking News)
The Election Commission is to file a special motion before the Supreme Court on the difficulties it is facing on holding the Local Government (LG) elections on 9th March. Adequate funds not released by the Treasury, shortage of fuel and delays in printing the ballot papers are some of the issues
- SC determines VAT Bill in line with Constitution if amendments made (Category: Breaking News)
- Petroleum Products Amendment Bill inconsistent with Constitution (Category: Breaking News)
- Supreme Court finds Anti-Terrorism Bill inconsistent with Constitution (Category: Breaking News)
- SC commences hearing petitions against 22nd Amendment (Category: Breaking News)
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
- Sri Lanka president wants China to dramatically change stance on debt relief (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- US Treasury Secy assures support for Sri Lanka’s debt restructure: president’s office (Category: Breaking News)
Colombo [Sri Lanka], February 2 (ANI): External Affairs Minister S Jaishankar’s visit to Sri Lanka is being seen as a harbinger of positive developments and an improved economic and financial situation for the island nation. Jaishankar during his visit to Sri Lanka reasserted India’s pursuit of the ‘Neighbourhood First’ policy and the belief in not […]
- Indian External Affairs Minister Dr. S. Jaishankar to visit Sri Lanka (Category: Breaking News)
- India s External Affairs Minister arrives in Sri Lanka (Category: Breaking News)
- ‘India tries to ensure ties across the world, except with China, Pakistan’ (Category: Breaking News)
- India will extend financing assurances to the IMF to clear the way for Sri Lanka to move forward... (Category: Breaking News)
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
- Sri Lanka will have to go for another DDO strategy if targets of current plan not achieved – CBS... (Category: Breaking News)
- Sri Lanka must implement budget proposals to avoid return to crisis (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
Thursday 26th January, 2023 The Rajapaksa-Wickremesinghe government is in overdrive to delay the local government (LG) elections while pretending that it is ready to face them. Experience is said to be the best teacher, and the public, having been taken for many a ride, tends to believe the obverse of what the ruling party politicians […]
- SJB: Has Prez made LG polls disappear? (Category: Breaking News)
- Opposition meets EC, demands early announcement of LG polls (Category: Breaking News)
- Opposition asks EC to hold LG polls on 19 March (Category: Breaking News)
- Minister urges to delay LG polls until stability returns (Category: Breaking News)
Sri Lanka is to target the export market for poultry and eggs, the President’s Media Division said today. Senior Advisor to the President on Food Security Dr Suren Batagoda said that most of the issues related to the industry could be solved by way of coming to a collective agreement among all the stakeholders and […]
- Former UK PM David Cameron holds talks with RW (Category: Breaking News)
- Mahinda holds talks with Sampanthan (Category: Breaking News)
- Gotabaya pictured at Dubai’s private ‘Fame Park’ (Category: Breaking News)
- Maithripala, Dullas, Wimal form Freedom People’s Alliance (Category: Breaking News)
Former Sri Lanka captain Arjuna Ranatunga has teamed up with India to play a new innings in the electric vehicle market. Ranatunga is to promote electric vehicles in Sri Lanka through a joint venture with Electric One – India’s largest EV super store chain . Electric One announced the signing of a Memorandum of Understanding […]
- USAID to fund construction of battery switching stations in Colombo (Category: Breaking News)
- Arjuna Ranatunga to chair 15-member National Sports Council (Category: Breaking News)
- Arjuna Ranatunga keeps doors to politics open (Category: Breaking News)
- Arjuna slams ICC over unprofessional handling of Asia Cup (Category: Breaking News)
By Zinara Rathnayake My mother is a good cook. My father is just slightly better. That’s how my younger sister would always describe my parents’ food. She’s right. My mother cooked delicious curries. But my father cooked the food we hold dear.My father grew up in Nabiriththawewa, a small village in Kurunegala. Unlike his two older […]
- A Sticky Sri Lankan Dessert Steeped in History (Category: Breaking News)
- In Sri Lanka . Lamprais keeps the Dutch Burgher legacy alive (Category: Breaking News)
- Purest food on earth? (Category: Breaking News)
- Maha ovita (My Grandfather’s Vegetable Plot ) (Category: Breaking News)
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- SL to offer tenders for oil exploration in 5 blocks: Premajayantha (Category: Breaking News)
- Sri Lanka finalises regulations for offshore oil gas exploration investments (Category: Breaking News)
- Tenders for Oil Exploration (Category: Breaking News)
- Sri Lanka to broaden offshore oil search (Category: Breaking News)
Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
- Sirisena’s castle in the air (Category: Breaking News)
- SC quashes Cabinet decision granting Paget Road residence to Maithripala (Category: Breaking News)
- Proroguing The Parliament – A Political Subterfuge! (Category: Breaking News)
- Sirisena, SLFP enmeshed in Easter Sunday fallout (Category: Breaking News)
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
- Sri Lanka seeks assistance from the World Bank (Category: Breaking News)
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
- New Foreign Minister promises to deliver (Category: Breaking News)
by Eng. Parakrama Jayasinghe This is the question in everybody’s mind these days. Anything up to 10 hours of blackouts have been predicted by the Ceylon Electricity Board (CEB) trade unions. But Minister of Power and Energy, Kanchana Wijesekera, has been quick to contest this prediction while being careful not to say that there will […]
- CEB says suspension of power cuts not possible (Category: Breaking News)
- No power cuts due to N’cholai unit failure – Minister (Category: Breaking News)
- HRCSL opposes power cuts during A/L (Category: Breaking News)
- Sri Lanka says no more power cuts, until further notice (Category: Breaking News)
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
- Food insecurity improves in Sri Lanka but prevails within specific regions- report (Category: Breaking News)
- Food Oppression (Category: Business)
- Food Taxes (Category: Business)
- Food insecurity improved in Sri Lanka but prevails within specific regions  FAO and WFP (Category: Breaking News)
President Ranil Wickremesinghe said that hunger has no party or colour and that everyone should come together to make the food security program a success in order to face the future food shortage as a strong country.The post Everyone should unite to make food security program a success – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Everyone should unite to make food security program a success - President (Category: Breaking News)
- National policy would be introduced to ensure food security – President (Category: Breaking News)
- Step out of traditional politics and fulfil moral responsibility – President (Category: Breaking News)
- Initial steps taken through budget to strengthen economy under five-year plan – President (Category: Breaking News)
Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades.The post Sri Lanka’s economy shrinks 11.8% in second-worst performance appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s Economy suffers worst contraction in 2022 (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Jobless rate rises to troubling levels as economic crisis stings employment (Category: Breaking News)
- Sri Lanka GDP outlook slashed as economy struggles to recover – report (Category: Breaking News)
Global lenders including the World Bank, the Asian Development Bank and the IMF are planning coordinated assistance to help Sri Lanka recover from its economic crisis, the government said on Tuesday.The post Global lenders eye coordinated assistance for Sri Lanka – Government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal
- India s Adani Group to run three Sri Lankan airports? (Category: Breaking News)
- International rights groups slam Sri Lanka s flawed plans for a Truth Commission (Category: Breaking News)
- Ankara donates consignment of urgently needed medical supplies to Sri Lanka (Category: Breaking News)
- Rights group: Sri Lankan Tamil women exposed to sexual violence, trafficking after war (Category: Breaking News)
[…]The post Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap appeared first on Colombo Telegraph.
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
Sri Lanka's central bank is expected to keep rates steady as inflation shows signs of easing and as authorities focus on discussions to secure a $2.9 billion International Monetary Fund (IMF) bailout to stabilise its crisis-hit economy.The post Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA Ne...
- Sri Lanka Central Bank to hold rates as inflation worries persist (Category: Breaking News)
- Sri Lanka’s Central Bank to hold rates as inflation stays high (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements (Category: Breaking News)
Despite the sharp electricity tariff revision in August, it would not be enough to cover the Ceylon Electricity Board’s (CEB) operating costs, according to Fitch Ratings. The government increased the average electricity tariff by 75 percent in August 2022, amid higher feedstock costs, resulting in large losses for the CEB.The post Tariff hike not enough to cover Ceylon Electricity Board’s op...
- Ceylon Electricity Board’s cash flow falls short despite tariff boost, says Fitch Ratings (Category: Breaking News)
- Ceylon Electricity Board ends financial year 2023 with Massive Profits (Category: Breaking News)
- Ceylon Electricity Board (CEB) makes thumping Rs. 61.2 billion profits last year (Category: Breaking News)
- Cabinet green-lighted electricity tariff hike - CEB (Category: Breaking News)
The Ceylon Petroleum Corporation (CPC) says that sufficient fuel stocks for a period of 15 days are available within the country.
Faithful urged to refrain from making Christmas a ‘mere occasion for external celebrations’ Catholic bishops have urged devotees to provide medicines and dry rations for the needy at a time when Sri Lankan is mired in crises.The Catholic Bishops’ Conference of Sri Lanka (CBCSL), in a statement released on Oct. 28, urged people to be […]
- Four Sri Pada pilgrims die of suspected food poisoning; ten other victims hospitalised (Category: Breaking News)
- Fatty Habits (Category: Business)
- President wants cocoa planted on tea estates (Category: Breaking News)
- President proposes meeting of Agriculture Ministers of all countries to evaluate food requiremen... (Category: Breaking News)
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