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Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday
President Wickremesinghe through interim budget expects 2.5 million tourists in 2023.
[…]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 […]
The lapses that prevailed in the fuel distribution process have been rectified and more stocks were dispatched during the last four days, Minister of Power Energy Kanchana Wijesekera says.
Video: Filling stations close down as fuel shortage worsens again (English)
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.
Delivering the interim budget speech in the parliament today, President Ranil Wickremesinghe said the government has decided to suspend the purchase of vehicles powered by fossil fuels for the state sector.
Video: Purchasing of vehicles that operate on fossil fuel for the state sector will be suspended
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 […]
Video: Fuel queues pop up from multiple areas in Sri Lanka
Sri Lanka stocks gained to four month high early this month on political stability hope
Coal plant repair has reduced power cuts
It costs 32 rupees to generate one unit of electricity.
Opposition Leader Sajith Premadasa made a revelation regarding a deal in which Sri Lanka is set to spend 1.5 Billion USD, exceeding the market value for 4.5 million metric tonnes of coal.The post Sri Lanka’s Opposition Leader questions Government’s coal deal appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
"As Minister of Power & Energy, I will fully support the setting up of such a committee."
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
Video: CPC responds to reports of fuel shortages in the country (English)
Fuel shortages drive power cuts despite coal plant
Requests the public not to distress unnecessarily
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
The Ceylon Petroleum Corporation (CPC) today insisted that there is no shortage of fuel in the country and urged the public not to be misled by false claims. The CPC said that there is sufficient stocks of petrol, diesel and kerosene oil to distribute to fuel sheds in the country. Minister of Power
Companies from the UAE, Saudi Arabia, USA, China, India, Russia, UK, Malaysia, Norway and the Philippines
The Ceylon Petroleum Corporation (CPC) says there are adequate stocks of diesel, petrol and kerosene oil to be supplied in the country without any shortages.