The grant was given in response to a request by Sri Lanka’s government.

By Hiran H.Senewiratne The CSE turned negative yesterday having traded with a bullish run for 12 consecutive days due to profit- takings of many counters, especially blue-chip counters. This development could be considered as the market correction, stock market analysts said. Sri Lanka’s shares fell over 1 per cent in mid-day trade, pulled down by […]

The manufacturing PMI declined to 41.4 from 44.1

To carry the extra fuel, we can't carry all the freight we like to into the country

"Around 40 percent of the supply comes from the SME sector while around 60 percent comes from large scale suppliers."

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

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 […]

The above statement was made by Manusha Nanayakkara our Labour & Foreign Employment Minister. How the Minister is going to do it is not known.I wish to make a few suggestions to the Minister for his consideration to implement his proposal. Tourists, migrant workers and the dual citizens were the people whom the Minister referred […]

By Rathindra Kuruwita Long-distance private buses, operating from Colombo, would be provided fuel from the Bastian Mawatha Private Bus Stand, National Transport Commission (NTC) Director General Nilan Miranda said yesterday.Following an inspection visit to the Bastian Mawatha Private Bus Stand, Miranda said that police had been deployed at the bus stand and buses operating from […]

Sri Lanka has been in discussion to go for nuclear power from 2010.

Difficulties procuring insurance, as well as logistical and security concerns, were some of the issues raised by sponsors and broadcasters that led to the Asia Cup being shifted from Sri Lanka to the United Arab Emirates, Sri Lanka Cricket has revealed. “They felt that the situation in Sri Lanka was not conducive to garner the […]

Sri Lanka motorists say the waiting time to pump fuel has reduced significantly.

"We also have to limit selected imports in order to balance the payments for fuel."

Calls for unity in a country torn apart by nationalism and monetary instability

by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL:  Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]

by Sanath Nanayakkare As the 3rd and 4th quarters of the Year 2022 are also likely to gravitate towards a tough time, the Bank of Ceylon needs to continue to focus on efficient handling of its resources and finances, BOC Chairman Kanchana Ratwatte said yesterday. He made these remarks when the Bank marked its 83rd […]

Sri Lanka is also expected to announce a fuel price revision on Monday, August 01.

The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]

We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake