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AirAsia Consulting is planning further engagement with the International Finance Corp (IFC) which is mandated to advise the Sri Lanka Government on the divestiture of SriLankan Airlines Ltd (SAL). The consultancy was responding to news report on AirAsia being among six bidders for Sri Lanka’s state-run carrier SriLankan Airlines since the island nation was looking […]
[…]The post An Oxygen Economy appeared first on Colombo Telegraph.
A man has set himself on fire outside the court in Manhattan where former President Donald Trump’s hush-money trial is being held. After dousing himself in a liquid, he threw pamphlets in the air in front of news media gathered nearby. The man’s motive is unknown and police responded to the scene. Mr Trump was […]
[…]The post Transforming Faces with FaceMod – A Comprehensive Guide and Analysis appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A year after India overtook China to become the world’s most populous country, its rapid upward economic trajectory and increasing diplomatic, scientific and military weight make it an emerging superpower of ever-growing importance to the United States and the world. Indian Prime Minister Narendra Modi addressed Newsweek’s written questions and followed up with a 90-minute […]
WB: Sri Lanka needs ‘robust and credible structural reforms’ Poverty in Sri Lanka has increased over the past four years, from 11 percent in 2019 to 26 percent in 2024, and the country needs ‘robust and credible structural reforms,’ says the latest report released by the World Bank. The WB report, titled ‘Sri Lanka Development […]
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
860,000. That’s the number of Pakistanis who left their country in 2023, and the trend of departing from Pakistan is likely to continue this year. The number is the highest in almost a decade. The previous year almost 800,000 professionals left Pakistan. The figure was released by Pakistan’s Bureau of Emigration and Overseas Employment (BEOE). […]
The Ceylon Petroleum Corporation (CPC) says it has taken necessary measures to ensure an uninterrupted supply of fuel from Ceypetco filling stations during the Sinhala and Tamil New Year season.
According to Reuters, the world has just witnessed its warmest March on record, concluding a 10-month streak during which each month set a new temperature record, as stated by the European Union's climate change monitoring service on Tuesday.The post World marks new Global Heat record in March – Reuters appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The consumption of fuel in Sri Lanka has dropped by around 50%, according to the Petroleum Dealers Association.
The United Kingdom has relaxed the travel advise on Sri Lanka by amending the warnings related to emergency medical numbers, road travel and safety and security. Meanwhile, the Sri Lanka President’s Office said that due to Sri Lanka’s current economic advancement, the United Kingdom has revised its Travel Advisory for Sri Lanka effective April 5, […]
advisory no longer includes previous concerns regarding shortages of food, fuel, and medicine. The Sri [&#...
By N Sathiya Moorthy It is inevitable that in the heat of an electoral battle, neighbours get mentioned, if not hurt. It is election time in India, to be followed by one or two in Sri Lanka – for the presidency and Parliament, though which would come first is known only to Mr God and President […]
Many Palestinians in the Gaza Strip will be wondering how they are going to feed their families after World Central Kitchen (WCK) paused its operations in response to the killing of seven of its aid workers in an Israeli air strike. Another US charity it works with, Anera, has also suspended work because of the […]
Representatives from Sri Lanka’s business community, government, and the finance sector convened in Colombo to discuss the mix of policies, financial mechanisms and technologies, crucial for propelling the country’s industrial decarbonization and economic recovery. This event is the second edition of the Industry Dialogue organized by the European Union (EU)-funded Accelerating Industries’ Climate...
Adding fuel to the Katchatheevu row, India s Shiv Sena (UBT) leader Priyanka Chaturvedi shared an RTI reply of 2015 where it was mentioned that the Katchatheevu island was neither acquired nor ceded and that it lies on the Sri Lankan side of the India-Sri Lanka International Maritime Boundary Line.
The Singapore cargo ship Dali, chartered by Maersk, crashed into the Baltimore, US bridge on Tuesday (March 26), while carrying 764 tons of hazardous materials bound for Sri Lanka, as reported by US media.The post Singapore cargo ship Dali was carrying toxic waste to Sri Lanka: Report appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Fuel prices have been reduced in Sri Lanka with both the Ceylon Petroleum Corporation (Ceypetco) and Lanka IOC announcing price revisions. Ceypetco said that the price of 95 Octane Petrol has been reduced by Rs. 07 and Super Diesel by Rs. 72. Ceypetco also said that the price of Kerosene
The Ceylon Petroleum Corporation has announced that fuel prices will be revised with effect from midnight today (31). The revised fuel prices are as follows: Petrol Octane 92 – Rs. 371 Petrol Octane 95 – Rs. 440 Auto Diesel – Rs. 363 Super Diesel – Rs
Fuel prices in Sri Lanka have been revised with effect from April 1, 2024.The post Sri Lanka revises fuel prices from April 1, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Ceylon Petroleum Corporation (Ceypetco) announced that fuel prices will be revised with effect from midnight today (March 31).
A revision of fuel prices is likely to take effect from midnight today (04) based on the fuel pricing formula.
In the landscape of modern mobility, a quiet revolution is underway, reshaping how we navigate our lives and interact with our environment. New Energy Vehicles (NEVs), a category encompassing electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs) and other alternative options, are emerging as the vanguard of sustainable living. These automobiles herald a future where […]
Six turbines of the wind power plants in Mannar have been removed to keep a 2-km corridor for bird migration. There have been concerning reports of former Viyathmaga members actively acting behind the scenes to stall a critical infrastructure project, which will provide Sri Lanka with cheap renewable energy and cut our dependence on fossil […]
China has said it would continue to support Sri Lanka, as the crisis-hit island nation’s prime minister on Saturday wrapped up a visit to Beijing to try to finalise a debt restructuring deal.The post China reaffirms financial support for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
In the wake of vessel re-routings, aimed at avoiding the Red Sea, bunker demand across ports in both India and Sri Lanka has witnessed a significant surge, highlighting a growing challenge for the maritime industry. While India contends with supply shortages, Sri Lankan ports are experiencing a notable increase in activity. According to S&P Global […]