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The pharmaceutical industry in Sri Lanka has warned against anyone dictating the pricing of pharmaceuticals in a unilateral or random manner. The industry also called for a transparent, equitable and fair pricing mechanism that is applicable to all pharmaceuticals. The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) said that there have been various misleading claims […]
Some countries, including Australia and the US, are continuing to maintain a travel advice on Sri Lanka with visitors being told to exercise caution. The US travel advisory issued last October maintains that visitors must exercise increased caution in Sri Lanka due to fuel and medicine shortages
Some countries, including Australia and the US, are continuing to maintain a travel advice on Sri Lanka with visitors being told to exercise caution. The US travel advisory issued last October maintains that visitors must exercise increased caution in Sri Lanka due to fuel and medicine shortages
[…]The post Capitalism On Life Support: Planetary Bounds To Market-Lead Growth appeared first on Colombo Telegraph.
In a bid to address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel, the Ministry of Power and Energy has taken decisive action.
In a bid to address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel, the Ministry of Power and Energy has taken decisive action.The post Sri Lanka signs agreement with RM Parks Inc to ensure uninterrupted fuel supply appeared first on ONLANKA News - Sri Lanka
In a bid to address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel, the Ministry of Power and Energy has taken decisive action. Accordingly, an agreement was signed on Thursday (08) at the Presidential Secretariat, between the Government of Sri Lanka and RM Parks Inc
Washington DC and Philadelphia experienced their worst air quality in years as intense wildfires in Canada continue to impact millions. The poor conditions have forced event cancellations and grounded flights across the US. Nearly 100 million people are experiencing very poor air quality in North America. US President Joe Biden described the fires as a […]
ශ්රී ලංකාව තුළ අඛණ්ඩ ඉන්ධන සැපයුමක් සහතික කරමින්ඛනිජ තෙල් නිෂ්පාදන ආනයනය, ගබඩා කිරීම, බෙදා හැරීම සහ විකිණීම සඳහා ශ්රී ලංකා රජය සහ ආර්.එම්. පාර්ක්ස් සමාගම(RM Parks Inc)අතර දිගුකාලීන ගිවිසුමකට අත්සන්The post ශ්රී ලංකාව තුළ අඛණ්ඩ ඉන්ධන සැපයුමක් සහතික කිරීමට නව ගිවිසුමකට අත්සන් තැබේ appeared first on ITN News.
US based Petroleum company RM Parks in a collaboration with Shell PLC signed an agreement to enter the Sri Lanka petroleum business. RM Parks will be the 4th supplier to enter the domestic market and will operate under the Shell branding. They signed a 20 year agreement to import, distribute and sell petroleum products through […]
An agreement has been signed between the Government of Sri Lanka and RM Parks Inc., in collaboration with Shell Plc for a long-term contract for the importation, storage, distribution, and sale of petroleum products in Sri Lanka.
By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]
Tuesday 6th June, 2023 Most people are labouring under the misconception that every prospect pleases in this country and only politicians are vile. Hence the unprecedented rise of anti-politics during the past several years and the demand that all 225 MPs go home. It is popularly thought that all we need to do is to […]
[…]The post Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! appeared first on Colombo Telegraph.
The apparel sector stands to lose USD 494 million if Sri Lanka loses the GSP plus trade concession offered by the European Union. Secretary General of the Joint Apparel Association Forum Sri Lanka, Yohan Lawrence, said that with the current GSP+ regulation set to expire by the end of 2023, it is imperative that Sri […]
By Rathindra Kuruwita Indian and Chinese companies will dominate the lubricant and bunkering markets soon, convenor of the Samagi Jana Balawegaya (SJB) trade union wing, Samagi Joint Trade Union Alliance, Ananda Palitha, said yesterday. “Sinopec will take over the Southern markets, while Lanka IOC will take over the Northern markets,” he said. Palitha said these […]
David Pieris Motor Company (Private) Limited, the first company to introduce a motorcycle produced with locally manufactured components under the Standard Operating Procedure for Automobile Manufacturing/ Assembling Industry and Automobile Component Manufacturing Industry in Sri Lanka announced by the Ministry of Industries, launched its second bike, Bajaj Discover 125, yesterday at the DPMC Head ...
The Monetary Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively, CBSL said in a statement on Thursday. The decision was taken at […]
Friday 2nd June, 2023 Long lines of vehicles suddenly appeared near filling stations yesterday, evoking dreadful memories of a dark era and causing public panic. Pumps had run dry at most fuel depots, and people had to wait for hours to obtain petrol and diesel. Minister of Power and Energy
The public have been urged not to panic fearing a fuel shortage as there are adequate stocks with the Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Corporation (LIOC). Panic buying and long queues were seen at some fuel stations in Colombo today, with fuel running out in some fuel sheds
President of the Lanka Private Bus Owners Association (LPBOA) Gemunu Wijeratne says that they expect to revise the bus fares during the review of bus fares in the month of July.
Minister of Power and Energy Kanchana Wijesekera today requested the public not to panic over any fuel shortages as the Ceylon Petroleum Corporation (Ceypetco) and Lanka IOC have adequate stocks of fuel.
The Central Bank of Sri Lanka has relaxed its monetary policy stance in line with the faster than expected slowing of inflation. The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
Fuel prices in Sri Lanka will be revised from midnight today (May 31).The post Fuel prices revised in Sri Lanka appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Ceylon Petroleum Corporation and Lanka IOC have announced that their retail fuel price will be revised from midnight today (31) Accordingly the new retail price of fuel (per liter) will be, Octane 92 petrol – Rs. 318 Octane 95 petrol – Rs. 385 Lanka Super Diesel – Rs. 340
The Indian High Commission yesterday (30) said that following a request from Sri Lanka, the State Bank of India (SBI) had extended the tenure of the USD 1 billion Credit Facility, provided in March 2022, for the procurement of essential items. In this context, an Amendment Agreement was signed yesterday, in the presence of the […]
Sri Lanka has been granted an extension of the credit facility signed March 2022, with India providing access to a USD 1 billion credit facility until March 2024.The post India extends USD 1 Billion Credit Line for Sri Lanka until March 2024 appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
In response to a request from the Government of Sri Lanka (GOSL), the State Bank of India (SBI) has extended the tenure of the USD 1 billion Credit Facility provided to GOSL for procurement of essential items in March 2022. In this context, an Amendment Agreement was signed today (30 May 2023) in the presence […]
The National Fuel Pass QR System allocated fuel quotas will be increased from Wednesday (May 31), Minister of Power and Energy Kanchana Wijesekara said.The post Fuel quota to be increased from Tuesday appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
India has done more for Sri Lanka than the International Monetary Fund (IMF), Union Minister for External Affairs Dr S Jaishankar, has told the Indian Express. The IE story, filed from Ahmedabad, said: The Modi government, he [Jaishankar] underlined, is working on developing an “extended neighbourhood” that involves islands in the Indian Ocean, Gulf countries and […]