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The minister said enough fuel stock is available with the state-run Ceylon Petroleum Corporation (CPC)
Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.The post Sri Lanka begins crucial debt restructuring talks with China appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Rathindra Kuruwita Central Bank Governor Dr. Nandalal Weerasinghe yesterday told journalists that Sri Lanka was holding discussions with China on debt restructuring and the developments were positive in general.However, the Governor refused to elaborate on discussions with any creditor, stating that specific details of these discussions would affect markets. “We can’t be specific. We [...
[…]The post Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? appeared first on Colombo Telegraph.
Sri Lanka has launched the Tourist Fuel Pass, Prepaid Card system yesterday (October 05), allowing foreign tourists coming to Sri Lanka to be able to get fuel according to their needs, outside the QR Code system.The post Sri Lanka introduces Tourists Fuel Pass for foreign travelers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively.The post Central Bank of Sri Lanka maintains policy interest rates unchanged appeared first on Sri Lanka N...
The card can be topped up in increments of 50 US dollars up to US$300
Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a government official in Tokyo said on Thursday, as the island nation struggles to find a way out of a crippling economic crisis. Sri Lanka has to renegotiate around $30 billion of foreign debt, including with bilateral creditors such […]
A resolution on Sri Lanka was passed by the UN Human Rights Council (UNHRC) today with 20 members voting for, 7 against and 20 abstentions. Japan and India were among the countries that abstained from voting. Full text of draft resolution: Promoting reconciliation, accountability and human rights in Sri Lanka The Human Rights Council, Guided by […]
[…]The post Forlorn Paruthitivu Yields The Secrets Of The Illegal Chinese-EPDP Dollar-Making Nexus appeared first on Colombo Telegraph.
By Easwaran Rutnam Fuel prices in Sri Lanka will be increased even as OPEC agreed steep oil production cuts, President Ranil Wickremesinghe told Parliament today. The President said that fuel prices will be increased by December/January in line with an expected rise in global oil prices. However, he said that steps will be taken to […]
A high probability that inflation will peak around 75-pct and start to fall
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
September tourist arrivals have plunged to lowest in 11 months.
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
Tourists Fuel Pass was introduced this evening allowing foreign tourists coming to Sri Lanka to be able to get fuel according to their needs, outside the QR Code system.
The rupee fell from 200 to 360 to the US dollar in 2022 pushing up construction costs
The Sri Lankan authorities and the international community must fully incorporate human rights into their responses to the country’s economic crisis, Amnesty International said in a new report todayThe post Human rights compliant recovery measures critical to stop spiraling hunger, poverty in Sri Lanka – Amnesty International appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
By DR L M K Tillekeratne Chairman of the National Development Committee of the ACBC It is a well-known fact that one the problems faced by Sri Lanka today is caused mainly by shortage of electricity for domestic purposes and industries. Three decades ago, only 20 % of houses had electricity for lighting. But, today […]
Trading was halted for second straight day after the liquid index plunged over 5% on Tuesday.
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Politics Of Protests appeared first on Colombo Telegraph.
“The cabinet of ministers discussed whether new laws should be brought in to protect such rights."
Sri Lanka Government has issued an extraordinary gazette notification declaring electricity, fuel, health services as essential services.The post Sri Lanka Government issued Gazette declaring Power supply, Fuel distribution essential appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
1 hour 20 mins in the evening
The Gazette of the Democratic Socialist Republic of Sri LankaThe supply or distribution of petroleum products and fuel
The price of diesel was not reduced during the recent fuel price revision as only a profit of one rupee was being made per litre, Sri Lanka's Minister of Power & Energy Kanchana Wijesekera on Monday (October 03) revealed to Parliament.The post Sri Lanka’s Energy Minister explains reason for no Diesel price reduction appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
[…]The post Give Amnesty To Protestors As Next Step appeared first on Colombo Telegraph.
By Jehan Perera None too soon, President Ranil Wickremesinghe appears to be putting the brakes on the government’s policy of repression in dealing with public protests. His decision to initially sign the Gazette notification declaring key areas of Colombo to be High Security Zones was roundly criticised by human rights organisations including the Human Rights […]