Overtime gravy train for CPC refinery workers: By Saman Indrajith About Rs. 3,000 million had been paid as overtime for the employees of the Ceylon Petroleum Corporation oil refinery, during the past few months, Parliament was told yesterday. Power and Energy Minister Kanchana Wijesekera said that he had asked for a detailed report as to […]

The main stock index has risen 13.3% in the last 10 session.

The Information and Communication Technology Agency (ICTA) today addressed what it called inaccurate news articles regarding the use of personal data collected to issue and manage the National Fuel Pass (NFP) system.

These new rates, proposed by the CEB, have been approved by the PUCSL, will be effective next month, he said.

“On holidays, power consumption goes down by almost 10 percent. That benefit is being passed down to the people."

"Many have told us to accept the victory that ex-President Gotabaya Rajapaksa left and move on."

Sri Lanka Police says that 10 suspects have been arrested with 2014 litres of petrol, 238 litres of diesel and 20 litres of kerosene during island-wide police raids carried out within yesterday (Aug. 09).

It will be reopened upon the anticipated arrival of a crude oil shipment on August 13, he said.

The decision was made “despite several objections raised against the proposed scheme,” the PUCSL said.

Delusion appears to be a national affliction in Sri Lanka.  When confronted with stark realities, the state consistently refuses to take proactive measures to avert dire consequences.  It refers to national liabilities, like the national airline, as national assets.  Despite regular doses of life-saving intravenous injections in the form of hard cash by the Treasury, […]

Lanka IOC contributed around 40% or 1.99 billion to the market turnover.

“Human Rights Watch is extremely concerned by the draconian and abusive state of emergency currently in effect."

90 percent of fuel distribution in Sri Lanka is done by the state-run Ceylon Petroleum Corporation.

This will be the first time electricity rates are increased in nine years.

LIOC also go the approval to appoint 50 new dealers

by Jehan Perera The government appears to have secured political stability in the short term.  So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept.  It is a necessary element for international support to come in.  One of the IMF’s conditions […]

By Hiran H.Senewiratne The government is planning to restructure the national carrier, Sri Lankan Airlines, and privatization is one proposed option due to the current financial crisis, Sri Lankan Airlines Chief Executive Officer (CEO) Richard Nuttall said. “We are now looking at the privatization option as well because the government wants to restructure Sri Lankan […]

By Gomi Senadhira The press release by the Central Bank on the external sector performance ,in June 2022, perhaps was the first piece of good news we had received for a long time. According to the press release, “Earnings from merchandise exports, in June 2022, increased by 23.9 percent over the corresponding month, in 2021, […]

Index has been gaining due to political stability hopes

Sri Lanka has given approval for India s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation.