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Tuesday 2nd May, 2023 Another May Day has come and gone. The organisers of the International Workers’ Day celebrations, in this country, rarely mention the Haymarket Riot in Chicago (1886), and benefits that accrued therefrom to workers the world over, much less commemorate the brave workers who have laid down their lives in the US […]
Chairman of the China Merchants Group (CMG), Miao Jianmin, has declared that their investments here would reach nearly USD 2 bn. CMG is China’s largest diversified conglomerate, according to a statement issued by the Hambantota International Port Group that dealt with Miao Jianmin’s recent visit. The statement quoted Jianmin’s as having said that the Group’s […]
By Sanath Nanayakkare Sri Lanka, while pursuing the macro-fiscal adjustment programme, under the IMF’s Extended Fund Facility arrangement, should focus on two key national issues concurrently, President Ranil Wickremesinghe said yesterday. “If the country is to achieve economic growth and share the dividends of prosperity among all its people, we need to focus on two […]
By Jehan Perera The second round of reducing the prices of a variety of fuels (2 percent for ordinary petrol to 29 percent for super diesel used by luxury vehicles) is an indication that the government is seeking to improve its support base amongst the better off sections of the population. This could be to […]
Video: Lanka IOC also reduces fuel prices (English)
The Ceylon Petroleum Corporation (Ceypetco) and Lanka Indian Oil (LIOC) reduced fuel prices. Accordingly, CPC said that Octane 92 petrol has been reduced by Rs. 7 per litre, Octane 95 petrol by Rs. 10, Auto Diesel by Rs. 15 and Super Diesel by Rs. 135 per litre. The new prices are Octane 92 petrol
Lanka IOC has also reduced the prices of fuel with effect from today (May 01), in line with the fuel price revision announced by the Ceylon Petroleum Corporation (Ceypetco) last night.
By R. R. M. Lilani After pledging to renegotiate its debt to Sri Lanka, China is back on track. Besides, since Sri Lanka urgently needs China to restructure its USD 7 billion debt to the country, Sri Lanka has vowed to support the dragon at this juncture by conceding to its demands. High-ranking Chinese VIPs […]
[…]The post Is It 1848 Again? Unrest This Time Is Global appeared first on Colombo Telegraph.
Sri Lanka's key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said on Friday, a sign of relief for the crisis-battered economy.The post Sri Lanka’s key inflation rate eases to 35.3% in April appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
[…]The post Are We Leading From Behind? appeared first on Colombo Telegraph.
[…]The post Powers Of The Judiciary & The Legislature: A Review appeared first on Colombo Telegraph.
[…]The post Scamming The Gestapo Church, Or Being Sound Christian Witness appeared first on Colombo Telegraph.
[…]The post Controversial Decision To File Damages For The X-Press Pearl In Sri Lanka Or Singapore? appeared first on Colombo Telegraph.
Discussions pertaining to the future of Sri Lanka s fuel industry were held today (28 April) between the Minster of Energy Kanchana Wijesekera and United Petroleum, Australia.
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
China Petroleum & Chemical Corporation, or Sinopec, and Sri Lanka are to finalise the deal on retail fuel sales. Power and Energy Minister Kanchana Wijesekera said that a team of Sinopec officials and technical experts visited Sri Lanka to finalize the agreements and commence operations
The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
The US-based oil company RM Parks Inc. and the British multinational oil and gas company Shell PLC have held a discussion with Minister of Power Energy Kanchana Wijesekera on commencing retail fuel sales in Sri Lanka in the first week of June this year.
A team of officials from Sinopec visited Sri Lanka in order to finalise the agreements and commencement of operations for retail fuel sales, Minister of Power and Energy Kanchana Wijesekera said.
Increased fuel quota will remain unchanged until further notice, Sri Lanka's Minister of Power and Energy Kanchana Wijesekera said.The post Sri Lanka decides to keep the increased fuel quota unchanged appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
By Sunimalee Madurawala “The shortage of medicines will significantly impact medications for non-communicable diseases (NCDs). If NCD patients don’t receive their regular medication, their condition will worsen,” stated a Provincial Director of Health Services speaking on the implications of the economic crisis on NCDs. Over the last few decades, NCDs have emerged as a critical [...
Economists sharply cut Sri Lanka’s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.The post Sri Lanka GDP outlook slashed as economy struggles to recover – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
[…]The post Moral Justification For Protests To Continue appeared first on Colombo Telegraph.
Can electricity prices be reduced? By Dr Tilak Siyambalapitiya The answer to the question in the title of this article is in the affirmative. I explained in The Island of January 2023 [https://island.lk/the-correct-method-of-costing-electricity/] the correct method of costing electricity supply. In January, the Public Utilities Commission (PUC) announced the costs submitted by the two distributors...
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
Japan, France and India will announce a new platform for creditors to coordinate restructuring of Sri Lanka's debt, Japanese Finance Minister Shunichi Suzuki said on Wednesday, adding it would be "very nice" if China were to join the effort.The post Japan, France and India to launch platform to coordinate Sri Lanka debt appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...
The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades.The post Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Tuesday 11thApril, 2023 Parliament security personnel have recently undergone a special training in countering possible threats of chemical attacks, according to media reports. Proper threat assessment and the anticipation of possible attacks go a long way towards protecting vulnerable targets. In this day and age, everything can be weaponised; anything is possible and therefore nothing […]
The Sri Lankan government has decided to allow three foreign companies to sell fuel at prices lower than those of the Ceylon Petroleum Corporation (CPC) if they so desire. Earlier, Minister of Power and Energy Kanchana Wijesekera told the media that three foreign companies would commence operations