High Commissioner of India in Sri Lanka Ashok K. Kantha recently launched Sri Lanka s first-ever Cor..

Mar 05, Colombo: The National Trade Union Center (NTUC) affiliated to Sri Lanka's Marxist party Janatha Vimukthi Peramuna (JVP) today held a protest in Colombo together with unions representing several sectors in the country.

A study of global crude oil price trends in comparison fuel price trends in Sri Lanka demonstrate that increases in fuel prices follow a similar trend to global oil prices.

By Gayathri GeeganaarachchiIt is likely that the price of milk food and gas will go up in the coming days. The price of fuel went up around three weeks ago, and as a result the prices of all essential items too have gone up drastically -- while bus fares too were increased by 20 per cent.Milk food

By Elmo Leonard Sri Lanka’s mid-February dual hike of diesel by 37 percent and electricity for industry by 15 percent sent shock waves through the gamut of the island’s tea industry. As Sri Lanka celebrates 145 years of commercial tea plantations this year, the government’s boast is that the industry sustains 2 million of its population, directly and indirectly. The brag was echoed by Minister of ...

With state owned Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) still in the red despite the recent price hikes, expect more price increases, an economist warned. Former Deputy Central Bank of Sri Lanka (CBSL) Governor W. A. Wijewardena speaking at a seminar on the exchange rate (ER) on Tuesday said that even after ...

By Mandana Ismail Abeywickrema The constantly increasing cost of living has resulted in a majority of households living in the red every month. The Census and Statistics Department states that the average monthly expenditure of a household for January this year was recorded at Rs. 43,311.57 while the average income according to the last Household ...

By Indika Sri Aravinda and Raisa Wickrematunge The government has ordered the suspension of the distribution of fuel from the Trincomalee Lanka Indian Oil Company (LIOC) Tank farm. The suspension follows the discovery of water mixed with diesel in a bowser which transported fuel from the tank farm

The Asian Human Rights Commission (AHRC) has received information that Mr. Herman Kumara, a well-respected Sri Lankan human rights defender has received a number of death threats after he helped organize fishermen in protest of rising fuel prices. Soon after, he was followed by a group of people

Mar 02, Colombo: Sri Lanka's aggrieved fishing community today got further relief from the hardships brought upon by the increased fuel prices following discussions with the President.

Water was discovered mixed with fuel in a bowser belonging to Lanka Indian Oil Corporation (LIOC) at Mount Lavinia today. The fuel has now been sent for further tests to be carried out.

Sri Lanka says, the Standard & Poor’s revision of the country’s foreign currency rating outlook from ‘Positive’ to ‘Stable’ and lowering the country’s long-term local currency rating from BB- to B+ at this junction is highly unwarranted. Following is the full statement issued by the Central Bank of Sri Lanka The Sri Lankan economy is estimated to ...

Sri Lanka’s demand for hybrid vehicles during the year 2011, has risen by 1200% compared to the year 2010, despite an upward revision in taxes, says the Ceylon Chamber of Commerce. Accordingly, the country has imported 5927 hybrid vehicles during last year, compared to just 438 vehicles imported in 2010. A study conducted by the Chamber has ...

Feb 28, Colombo: Sri Lanka's main opposition United National Party (UNP) continues to protest against the recent increase in fuel prices with its members in local government bodies carrying out various protest campaigns.

By: Surendra Ajit Rupasinghe In the mid nineteen eighties, the Philippines was rocked by a sustained people’s resistance movement that finally deposed of the hated and corrupt dictator, Ferdinand Marcos, who had to flee the country in a US Air Force helicopter. The Catholic Church, representing the majority of the people, played a critical role ...

“The prolongation of military commands made Rome a servile state”. Machiavelli (The Discourses) By Tisaranee Gunasekara Stratospheric defence costs constitute Lankan economy’s deadliest ticking time-bomb. Militarization is menacing Southern (and Lankan) economic wellbeing as much as it is impeding Northern democracy. The fundamentally weak Lankan economy can ill afford the huge amounts of money sp...

Sri Lankan bakery owners announced that they will raise the price of a loaf of bread by Rs. 5 with effect from midnight today. This decision of the local bakers follows the government’s latest fuel price hike, which saw prices of Petrol, Diesal and Kerezone all going up. The President

Sri Lankan Ministry of Finance and Planning says that in the context of revised fuel and electricity prices in the local market, all Government Institutions should prioritize limiting their fuel and electricity consumption.The Ministry emphasized that this is a national responsibility entrusted

Fuel prices rise in island-nation as US-led sanctions on Tehran hit both imports and exports.

The Government is providing optimum relief to the people even in the face of world disputes, whatever allegations were made by the Opposition with the aim of achieving narrow gains.There was an anomalous increase in oil prices in the recent past worldwide in the face of disputes including conflicts in many countries. It was during ...

The fuel subsidy for fisheries trawlers will continuously be provided. Addressing a news conference today, Minister Rajitha Senaratne said that an 80 percent subsidy instead of the 50 percent requested by the fishermen.The Minister said that except for three Districts, the others expected a subsidy

Feb 21, Colombo: The Sri Lankan government says it has allocated over 3 billion rupees annually to provide concessions for the fishermen to engage in their livelihood.

Feb 21, Colombo: Parliamentarians of Sri Lanka's main opposition United National Party (UNP) today staged a protest outside the parliament against the increase in fuel prices and the resultant increase in the cost of living.

Feb 21, Colombo: Opposition political parties in Sri Lanka are to make special statements in parliament today (21) on the current situation in the country following the fuel price increase last week.

Sri Lankan Fisherman from Negambo and Chilaw, who had refrained from fishing in protest to the recent fuel price hike, has agreed to resume fishing activities from tomorrow.

Feb 20, Colombo: Fishermen from the western coastal belt of in Sri Lanka who have threatened to refrain from fishing until the government takes measures to reduce fuel prices have agreed to call off their protest and recommence their fishing activities.

The United National Party (UNP) called for the closure of the loss making Mihin Lanka to provide relief to the public who have been burdened with the increased fuel prices. Dr Harsha de Silva, UNP National List Mp told a news conference in Colombo that the airline was suffering billions of losses

Fuel prices rise in island-nation as US-led sanctions on Tehran hit both imports and exports.

Feb 20, Colombo: Sri Lanka Minister of Construction, Engineering Services, Housing and Common Amenities Wimal Weerawansa says that the fishermen from northwestern coastal belt from Negombo to Puttlam protested against the fuel price hike not on their own but on the need of a Non-Governmental

President Mahinda Rajapaksa’s speech to the nation on Independence Day provided an indication of his two major concerns for the future. One concern was the persistent international pressure on his government on human rights issues during and after the end of the war. The other concern was the efforts to destabilize the government through mass agitation ...