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India’s External Affairs Minister Dr. S. Jaishankar on Thursday conveyed to his Sri Lankan counterpart Ali Sabry that India, as a “dependable friend” of Sri Lanka, remained committed to assisting it in its economic recovery.The post India remains committed to assist Sri Lanka in its economic recovery – Jaishankar tells Sabry appeared first on ONLANKA News :. Sri Lanka Breaking News Updates -...
Rupee depreciation, dues from government-owned institutes and overpaid overstaff are prominent reasons for the loses
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.The post Sri Lanka considering restructure of local and sovereign debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
By Akitha Perera General Secretary of the All Ceylon Private Bus Owners’ Association Anjana Priyanjith yesterday said that they had commenced a strike from midnight of 04 August over the inadequate supply of diesel.He said that buses only received 40 litres a week through the QR system and that it was not at all sufficient […]
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 […]
The key stock index has gained 9.3% in the last 7 sessions.
New registrations for the fuel pass has been temporarily suspended in order to carry out maintenance. The Ministry of Power and Energy said that new registrations will not be accepted for the next two days. “Due to planned Maintenance work by the Dept of Motor Traffic to its system, the Registrations to the National Fuel […]
Four policemen have been granted bail by the Kegalle High Court over the Rambukkana shooting incident. Former Kegalle SSP K.B. Keerthiratna and three other policemen who were remanded over the Rambukkana shooting incident, were granted bail today. The Police opened fire on a group of protesters in Rambukkana last April killing one person and injuring a […]
Registering new users to the National Fuel Pass QR system will be disabled for the next 48 hours, the Information and Communication Technology Agency of Sri Lanka (ICTA) announced this evening.
Miranda said long distance buses will be given around 125-150 litres of diesel at a time.
Sri Lanka's tax revenue is one of the lowest in the world in terms of GDP ratio.
Several Private Bus Associations have launched an island-wide strike action effective from midnight yesterday (August 04), citing the failure of the authorities to issue sufficient stocks of fuel for bus operations.The post Private bus operators on strike today (August 05) appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The distribution of fuel should be further streamlined through the Sri Lanka Transport Board (SLTB), the Supreme Court pointed out today.
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 […]
By Rathindra Kuruwita The police no longer had adequate resources to deal with organised crime and that had led to an increase in gang related violence in recent months, retired Senior DIG Priyantha Jayakody said yesterday.He said that when there was an economic crisis, the crime rates went up. “This is natural. However, the problem […]
Friday 5th August 2022 Sri Lanka’s struggle to shore up its crumbling economy continues, and there are no signs of promised foreign assistance materialising anytime soon. The Cabinet has just retained the services of some foreign firms for external debt restructuring, which is one of the main conditions for the IMF bailout package. When the […]
The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing an unprecedented economic meltdown with inflation in July hitting a record 60.8% and the country still facing […]
Will there be yet another diplomatic flashpoint between India and Sri Lanka over the scheduled arrival Wang 5 spy vessel at the Southern Hambantota Port close to mid-August? The spy vessel has put India in a strategic dilemma and wants Sri Lanka to refuse entry to the Sri Lankan territorial waters owing to security concerns. […]
Sri Lanka motorists say the waiting time to pump fuel has reduced significantly.
Market gains on signs of political stability - analyst
Minister of Power and Energy Kanchana Wijesekera today requested users of the National Fuel Pass not to display their respective QR code anywhere visible to others.
The minister of transport has approved the price revision with the recommendation of the NTC.
[…]The post What Is The “System Change” We Anticipate? How Can It Be Achieved? appeared first on Colombo Telegraph.
An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.The post Rights group says Sri Lanka harassed, intimidated protesters appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Indian media had reported that India had raised the issue of the Chinese research vessel that is scheduled to arrive at the Hambantota Port, with President Ranil Wickremesinghe. India had raised concerns after the Ministry of Defence in Colombo confirmed the ship’s arrival, despite New Delhi clearly outlining its concerns regarding the arrival of this […]
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
By Saman Indrajith President Ranil Wickremesinghe yesterday delivering his maiden policy statement, in Parliament, and vowed not to allow anyone to act outside the law. The President said that legal action would be taken against those who intentionally violated the law and engaged in violent and terrorist acts. “There are groups spreading violence near fuel […]
Issuing a Gazette Extraordinary, President Ranil Wickremesinghe has declared all services connected to the supply of electricity, distribution of fuel and health related services as Essential Public Services.
Sri Lanka has lost many FDIs due to political disagreement at parliament level.