Unlike the financial crisis of 2008, the economic levers alone were insufficient to stimulate global economic recovery in 2022 as what had led to the current crisis was the consequences of evolving geopolitics, President Ranil Wickremesinghe said on Thursday at the ADB’s 55th annual meeting. “The Ukraine war on one side and the US-China rivalry, […]

Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.

An advanced payment was settled today for the second cargo of coal, Minister of Power Energy Kanchana Wijesekera said today, offering an update on the fuel and coal procurement process.

Kerosene price was increased by around 300 percent in August, since which supply has improved, fishermen said

In 2021 Sri Lanka Railways lost Rs10.3bn rupees

Two out of three Octane 92 petrol dispensers have been sealed off at a filling station in Colombo 07, owned by the Ceylon petroleum Corporation (CPC) due to short delivery.

President Ranil Wickremesinghe says skyrocketing prices of food, fuel and fertilizers are consequences of supply chain shocks created by the war in Ukraine, stuttering growth of the middle class.

By Rathindra Kuruwita The Sapugaskanda Oil Refinery had produced close to 5,000 metric tonnes of low-quality petrol as a result of restarting operations after an extended stoppage, President of the Petroleum General Employees Union Ashoka Ranwala said yesterday. Ranwala said that a ship carrying Siberian blend crude oil had arrived in Sri Lanka and the […]

By Ifham Nizam A breakdown of the third unit of the Lakvijaya Coal Power Plant Complex at Norochcholai yesterday resulted in a countrywide three-hour power cuts. However, power cuts would be limited to two and a half hours for the time being due to the availability of alternative energy sources, said the Public Utilities Commission […]

By Indrawansa de Silva Professor Emeritus, USA Arguably one of the least appreciated fallouts of the Covid-19 in Sri Lanka seems to be education. According to United Nation’s early observations, Covid-19 related school closures were responsible for learning losses of 94% students worldwide. At its peak, schools were suspended nationwide in 188 countries affecting more […]

The Consumer Consultative Committee of the PUCSL has decided to investigate the complaints

The Public Utilities Commission of Sri Lanka has authorised the purchase of power from private plants

"We need a long term solution for this. Otherwise the country will go into a more critical situation."

By Jehan Perera The economic situation in Sri Lanka continues to deteriorate on multiple fronts though slowly enough for people who can afford to pay higher prices not to notice too much.  For the past four months or so there has been a relatively steady supply of petrol, diesel and cooking gas.  The long queues […]

We need to show that an airline can be run well when privatized

Exporters' main challenge is meeting orders due to fuel and power shortages and policy uncertainties.

"You can’t even run the plant using that crude oil. The only option left for the importers is to drink it," he said.

NEW YORK, Sept. 23 (Xinhua) —Chinese State Councilor and Foreign Minister Wang Yi met here with Lankan Minister of Foreign Affairs Mohamed Ali Sabry on Friday on the sidelines of the ongoing 77th session of the UN General Assembly.As strategic cooperative partners, Wang said, China and Sri Lanka have always shared wealth and woe and […]

By Uditha Devapriya Sri Lanka is still living with the consequences of Gotabaya Rajapaksa’s presidency, partly because his government has not left and partly because resistance to it, though repressed, is still alive. Under Ranil Wickremesinghe the State has asserted its will and imposed it on those who disagree with it. It has arrested protesters […]

The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]