” Sri Lanka cannot do without IMF’s support. Having declared its inability to service its foreign debt, Sri Lanka is struggling to reach a consensus with lenders and the IMF. Two of Sri Lanka’s major creditors, India and China, locked horns over a port visit by a Chinese ship. Sri Lanka should be wary of […]

By Hiran H.Senewiratne ‘Sri Lanka is located at the heart of a vital global shipping line and more than 45000 ships and an equal number of aircraft navigate this route via Sri Lanka’s Dondra head annually. However, not a single ship nor aircraft is enabled to make a stop-over at Dondra for bunkering, re-fueling and […]

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 Ministry of Power and Energy, on Monday, revealed that they have released over 1.7 million litres of fuel for motor cars, through the QR system, from 01 to 14 August. In the first week, from 01 to 07 August, 9,325,985 litres were released for cars. However, the number had dropped to 8,013,000 in week […]

Under the Sri Lanka Tourism Promotion Bureau’s Visiting Journalists & Blogger Programs, a group of high-profile Indian media personnel was invited to Sri Lanka from July 3 to July 11, to re-discover Indo-Sri Lanka historical relationships. Eight media personnel representing several key states & cities of India, including Delhi, Mumbai, Pune, Kolkata, Bangalore and Hyderabad […]

Market has been on the rise due political stability hope after months of protests

Sri Lanka has enough capacity to manage the next two weeks, while Unit 1 was brought back online.

“Fuel price revisions will take place again on September 01,” the ministry official said on Tuesday August 16.

The manufacturing PMI declined to 41.4 from 44.1

The government has decided not to make any revisions to the fuel prices as per the pricing formula.

Three-hour daily power cuts a possibility By Ifham Nizam The Ceylon Electricity Board (CEB) now had to impose at least three-hour power cuts due to a sudden breakdown of the First Unit of the Lak Vijaya Power Plant Complex at Norochcholai, a senior electrical engineer said. The second unit there has already been shut down […]

Yes, of course, the older folks would all remember Edward Joseph; the young ones may find the name unfamiliar as Edward now lives in Germany and does his thing in that part of the world. Better known as Eddy, he was with the leader of the group Steelers and they were big in the local […]

The index has risen 19.6% in the last 12 sessions

Four suspects have been arrested with 9,200 litres of petrol being illegally transported in the Anamaduwa area for fuel racketeering.

"We plan to commence bus services 100 percent islandwide. If not 100 percent, at least 90 percent should be doable."

The breakdown has occurred in Unit 1 of the plant.

Fuel prices are scheduled to be revised once again, today (15), as per the pricing formula. According to government sources, fuel prices are likely to be reduced.

Norochcholai has been in a constant state of breakdown or maintenance over the years.

The Central Bank of Sri Lanka has informed the Ministry of Finance to further restrict the import of non-essential goods as the foreign exchange crisis may worsen in the near future. The Central Bank has informed that the import restrictions must be enforced immediately as the impact on the country’s foreign reserves will worsen in […]

By SUSHANT SAREEN The bye-elections to 20 Punjab Assembly seats on 17 July have sent shockwaves through Pakistan’s fragile political and economic system. It would be an understatement to claim that the results were entirely unexpected. On the eve of the elections, there was virtually a consensus amongst political pundits that the ruling Pakistan Muslim […]

One BRN and a mobile number is enough to register commercial vehicles to the QR system

Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014

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