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 […]

Providing financial and technical assistance towards the switch to renewable energy technologies The United Nations Development Programme (UNDP) in Sri Lanka together with the Sri Lanka Sustainable Energy Authority (SLSEA) has commenced an initiative to strengthen rural economies, increase forest cover, improve the living standards of rural women, and sustainable industries and small and medium en...

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after the new government took office, according to a report by Reuters.Discussions with the multilateral lender started in April under former President Gotabaya Rajapaksa. The Sri Lankan government hopes to secure an Extended Fund Facility (EFF) – which would be […]

Non-oil imports collapsed 35.6 percent to 1,026 million US dollars.

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

Sri Lanka Police says that 33 persons have been arrested for hoarding fuel following island-wide raids carried out during the last 24 hours ending at 6.00 am today (31).

(UNFPA) When Ruchika found out she was pregnant with her second child in October last year she felt confident that she knew what to expect. Nine months later, she spent the day before her due date in a fuel queue pleading with an army officer and restless crowds so she could buy fuel to get […]

COLOMBO, 28 July 2022 – Nearly one in three parents responding to Save the Children’s survey in June 2022, have noticed negative changes in their children’s behaviour in the last 6 months.   Since the beginning of the economic crisis, children have showed signs of distress and withdrawal. The survey of more than 2,300 families across nine districts […]

Sri Lanka fuel queues still remain as is faces dollar shortage to buy fuel

The highest number of filling stations using the National Fuel Pass QR system in a single day was reported on Friday (July 29) with 657 stations using the platform, Minister of Power Energy Kanchana Wijesekara.

By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]

By Shiran Ranasinghe The government must reveal who is responsible for developing the computer application used for the National Fuel pass; who the owner is, and how much the government has paid for the app, Head of the National Employees Union of the Ceylon Petroleum Corporation (CPC) Ananda Palitha, said yesterday.Palitha said that the application […]

Police search FSP office By Rathindra Kuruwita The government was carrying out a psychological operation to prevent the people from taking to the streets as the economic crisis deepens, Frontline Socialist Party (FSP) Propaganda Secretary, Duminda Nawagamuwa said yesterday, following a police raid of their Colombo office. Nawagamuwa said that a policeman, and 10 men […]

Investors eye on LIOC, plantation shares

Minister of Power Energy Kanchana Wijesekara says 931 filling stations across the island have adopted the National Fuel Pass QR code system as at 3.30 p.m. today (July 29).

Newspapers, TV programmes and video presentations have been dealing with the terrible incident that occurred in the premises of the Presidential Secretariat and on the steps leading to it, at predawn on Friday 23 July. Cassandra feels compelled to present her opinion though it is one week from that day. Experts have dissected it and […]

Friday 29th July, 2022 Humans are born dreamers, and dreams keep them going. But for their propensity for dreaming, they would never have invented the wheel, much less flown. It may be said that life is a process of chasing dreams, with or without success. Grave crises like the one Sri Lanka is experiencing are […]

Ideal Motors unveiled the ‘Ideal Moksha,’ Sri Lanka’s first home-grown fully-electric car at the JAIC Hilton yesterday. Drawing inspiration from the iconic Austin Mini Moke that took the world by storm, the Ideal Moksha is geared to be a game changer for the Sri Lankan market and the most practical solution in the current technology […]

By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]