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6255 results found in 1969 ms
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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 […]
The top United Nations court on Thursday ordered Israel to take measures to improve the humanitarian situation in Gaza, including opening more land crossings to allow food, water, fuel and other supplies into the war-ravaged enclave.
The ship which crashed into the Baltimore bridge, was heading to Sri Lanka with dangerous cargo capable of exploding – and had a “faulty” part, Britain’s the Mirror reported. The Mirror report said the crash could have been even more disastrous, as the ship involved carried 56 containers loaded with dangerous cargo capable of exploding – […]
The bodies of two people have been recovered from a red pickup truck, which was under water where the Baltimore bridge collapsed. Eight construction workers were on the bridge when a ship struck it, plunging them into the waters below. Two of the workers were rescued on the day, but the search continues for the […]
At least five Sri Lankans have reportedly been killed so far while fighting in the Ukraine-Russia war, according to Al Jazeera. In the latest incident, Nipuna Silva, a Sri Lankan soldier who quit his army position to fight for Russia in Ukraine due to better pay, is believed to have been killed on the front line.The post Sri Lankan soldier Nipuna Silva among latest victims in Ukraine-Russia confli...
By Saman Indrajith Salaries of ministers differ and Parliament is not aware of the exact amount drawn by each of them, for they are paid by their ministries. Contacted for comment, COPF Chairman SJB MP Dr Harsha de Silva said that he could give exact details of the salary and allowances he received but he […]
A major bridge in the US collapsed after being hit by a Colombo bound ship, sending several vehicles and people into the river. Baltimore Fire Chief James Wallace said two people had so far been pulled from the water, one in a serious condition and the other not seriously injured. Wallace said during a press […]
Sri Lankan Prime Minister Dinesh Gunawardena will visit China, his country’s biggest bilateral lender, next week, Beijing’s Foreign Ministry said Friday, according to AFP. “At the invitation of Premier Li Qiang of the State Council, Prime Minister of Sri Lanka Dinesh Gunawardena will pay an official visit to China from March 25 to 30,” Foreign […]
After constructive discussions in Colombo, IMF Senior Mission Chief Peter Breuer and Deputy Mission Chief Ms. Katsiaryna Svirydzenka issued the following statement: “The IMF team reached staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 […]
Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article IV Consultation. This was stated by Mr. Peter Breuer, IMF Senior Mission Chief during […]
The United States says switching to solar energy for e-mobility will reduce the burden on Sri Lanka’s national grid. The US Ambassador to Sri Lanka Julie Chung said that switching to solar energy will help ease the economic burden of having to spend dollars on importing fuel
The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]
By Dr Upul Wijayawardhana Humans, for generations, would have been envious of birds as the freedom of the skies was entirely theirs. Born with abilities of terrestrial pursuits, humans soon took to water and mastered the art of transport in water too but attempts at flying like birds were in vain, most ending in disaster! […]
The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post IMF reaches staff-level agreement with Sri Lanka on second review appeared first on ONLANKA - Sri Lanka...
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF […]
By Shamindra Ferdinando By the time President Gotabaya Rajapaksa had arrived in Singapore in the second week of July 2022, a few days after fleeing Sri Lanka, he firmly believed that then Prime Minister Ranil Wickremesinghe was the only person capable of restoring the rule of law in the country. In the chapter titled ‘The […]
in the year 1969 and is the only fuel refinery […]
in the year 1969 and is the only fuel refinery […]
While presiding over a meeting of National People’s Congress Standing Committee on March 8, Chinese President Xi Jinping stressed on enhancing capacity for national security to safeguard sovereign interests, hinting categorically about his unhappiness over the country’s preparedness to fight internal and external threats in the face of intensifying geopolitical competition. At the 170-member Natio...
An alliance of app-based transport workers are boycotting Chevron-branded gas stations over its complicity in Israel’s genocide in the Gaza Strip, following a conference in Sri Lanka. The International Alliance of App-Based Transport Workers (IAATW) said in a statement that its “drivers pledged to boycott Chevron-branded gas stations, including Texaco and Caltex,” in alignment with […]
United Petroleum of Australia is to sign a deal to begin retail fuel operations in Sri Lanka by mid this year. The Australian company signed the agreement with the Ministry of Power and Energy last month to enter the petroleum retail operations. Its group CFO, Nigel Simonsz visited the Ministry
[…]The post Climate Justice: Time For The Global South To Unite appeared first on Colombo Telegraph.
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
[…]The post Time For Truth Telling appeared first on Colombo Telegraph.
Minister of Power and Energy, Kanchana Wijesekera, announced that the revised Electricity Act has been sent to the Legal Draftsman s Department for review. He anticipates presenting it to Parliament for approval in April following Cabinet endorsement.
By Saman Indrajith President Ranil Wickremesinghe yesterday told Parliament that the government was planning to exempt items such as books, school equipment, health equipment, and medicine from VAT. Making a special statement in the House, the President said: “By 2022, the country was slated to repay approximately US$6 billion in foreign debt annually, amounting to […]
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.