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Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
Wickremesinghe is budgeting in a sea of monetary instability
By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]
Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]
Market up for the first time in six straight sessions
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
He said on Tuesday August 30 that the purchase of fuel-run vehicles for state services will be stopped.
[…]The post Government Needs To Change Course In National Interest appeared first on Colombo Telegraph.
Parties asked to give proposals by August 31
By Jehan Perera The ruling party has requested President Ranil Wickremesinghe to facilitate the return of former president Gotabaya Rajapaksa to the country and his appointment as prime minister. The former president left the country when large numbers of protestors who had been actively protesting against the economic collapse and corruption in the country took over […]
Sri Lanka stocks gained to four month high early this month on political stability hope
It costs 32 rupees to generate one unit of electricity.
By N Sathiya Moorthy After a steep, 75-per cent hike in power-tariffs, the government has now announced increased charges for water and drainage charges. Though brought down after a steeper increase at the peak of fuel-shortage, the transport fares too are not going to be the same even as much as they had become in […]
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
Motorists see queues again as many filling stations have run out of fuel stocks.
Industry experts say 70% of government construction projects are on hold now.
Sri Lanka is facing a looming food shortage after ban on fertilizer import
There will be selling ahead of the interim budget on August 30
The United Kingdom (UK) has relaxed the travel advice on Sri Lanka. The UK Foreign and Commonwealth Office said that the UK no longer advises against all but essential travel to Sri Lanka. The updated travel advice notes that Sri Lanka is experiencing a severe economic crisis which has led to shortages of basic necessities including […]
"Our endeavour is to prevent any untoward incident involving Indians outside India."
"This is a positive step and I am positive that the winter tourism season will perform well."
The UK government today (August 26) relaxed travel restrictions on Sri Lanka, stating that it no longer advises against all but essential travel to the island nation.The post United Kingdom relaxes travel restrictions on Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The UK no longer advises against all but essential travel to Sri Lanka
ASPI lost 183 points
As of August 23 more than six million vehicles have signed up for the QR system.
Fuel queues were seen at several places today with some fuel stations closed. Long queues were seen at fuel stations in Colombo today resulting in traffic congestion in some areas. The number of vehicles on the road has also seen an increase this week with schools fully operational and most institutions also resuming normal work. […]
“If the parliamentarians can’t ensure our rights, then we might as well do it ourselves."
By Haroon Janjua Despite gaining independence 75 years ago, Pakistan has yet to rid itself of economic and political crises. As Pakistan marks 75 years of independence this weekend, Islamabad has not planned any special events, aside from a flag-raising ceremony, a fireworks display in the capital and the introduction of a new 75 rupee […]
The main All Share Price Index (ASPI) fell 0.66%