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Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article IV Consultation. This was stated by Mr. Peter Breuer, IMF Senior Mission Chief during […]
The United States says switching to solar energy for e-mobility will reduce the burden on Sri Lanka’s national grid. The US Ambassador to Sri Lanka Julie Chung said that switching to solar energy will help ease the economic burden of having to spend dollars on importing fuel
The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]
The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post IMF reaches staff-level agreement with Sri Lanka on second review appeared first on ONLANKA - Sri Lanka...
By Shamindra Ferdinando By the time President Gotabaya Rajapaksa had arrived in Singapore in the second week of July 2022, a few days after fleeing Sri Lanka, he firmly believed that then Prime Minister Ranil Wickremesinghe was the only person capable of restoring the rule of law in the country. In the chapter titled ‘The […]
in the year 1969 and is the only fuel refinery […]
in the year 1969 and is the only fuel refinery […]
An alliance of app-based transport workers are boycotting Chevron-branded gas stations over its complicity in Israel’s genocide in the Gaza Strip, following a conference in Sri Lanka. The International Alliance of App-Based Transport Workers (IAATW) said in a statement that its “drivers pledged to boycott Chevron-branded gas stations, including Texaco and Caltex,” in alignment with […]
United Petroleum of Australia is to sign a deal to begin retail fuel operations in Sri Lanka by mid this year. The Australian company signed the agreement with the Ministry of Power and Energy last month to enter the petroleum retail operations. Its group CFO, Nigel Simonsz visited the Ministry
[…]The post Climate Justice: Time For The Global South To Unite appeared first on Colombo Telegraph.
Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
[…]The post Time For Truth Telling appeared first on Colombo Telegraph.
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has sought temporary relief from debt defaults from 2023 till 2027, President Ranil Wickremesinghe told Parliament, Wednesday. He said that Sri Lanka plans to diligently work towards repaying the loans in the period from 2027 to 2042. “Sri Lanka faces a significant burden of debt. By 2022, the country was slated to repay […]
The Ceylon Petroleum Corporation (CEYPETCO) has announced that fuel prices will be revised with effect from midnight today (March 04). Accordingly, the price of Petrol 95 Octane will be reduced to Rs. 447 per litre while Super Diesel will be reduced to Rs. 458 per litre and the price of Kerosene
Fuel prices in Sri Lanka have been revised with effect from March 05, 2024.The post Sri Lanka revises fuel prices from March 05, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
India has taken note of an increase in investments in Sri Lanka as well as other countries in the region. India’s External Affairs Minister S Jaishankar, in a veiled dig at Maldives President Mohamad Muizzu for his comment earlier this year, said that big bullies do not offer $4.5 billion aid or vaccine or food […]
An Extraordinary Gazette has been issued, declaring all services related to the supply of electricity as well as the supply or distribution of petroleum products and fuel as essential services in Sri Lanka.The post Electricity and Fuel supply declared as essential services in Sri Lanka appeared
[…]The post Electricity, Costs, Options Needs & Priorities appeared first on Colombo Telegraph.
[…]The post Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinians Under Zionist Occupation – Part III appeared first on Colombo Telegraph.
Sri Lanka is deeply troubled about the death of over hundred people who were waiting to receive aid in Gaza and joins the call for investigation into the incident. The latest incident underscores the immediate need to end the blockade imposed on Gaza, depriving its civilian population, including women and children, of access to basic […]
The government has decided not to revise the fuel prices for the month of March.
United Petroleum Australia Pty Ltd has entered into a contract with the Ministry of Power and Energy to supply petroleum products in the Sri Lankan market, a statement from the company said.The post United Petroleum enters Sri Lanka’s fuel market, secures supply contract appeared
United Petroleum Australia Pty Ltd has entered into a contract with Sri Lanka s Ministry of Power and Energy to supply petroleum products into the local market.
Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]
A spacecraft built and flown by Texas-based company Intuitive Machines landed near the south pole of the moon on Thursday, the first U.S. touchdown on the lunar surface in more than half a century and the first ever achieved by the private sector.The post Moon landing today: US clinches first touchdown in 50 years appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]
Under Secretary of State for Public Diplomacy Elizabeth Allen on Monday (19) declared US support for journalists here against the backdrop of enactment of ‘Online Safety Bill’ She spokes about press freedom and related issues at the Sri Lanka Press Institute Press Club. A statement issued by the US Embassy quoted Allen as having said […]
Depts. of Catering and Housekeeping and Admin. account for more than 50% of total employees By Shamindra Ferdinando Chief of Staff and Deputy Secretary General of the Parliament G.K.A. Chaminda Kumara Kularatne said that the Parliament was not aware of the basis Chief Government Whip Prasanna Ranatunga, MP, declared that a day’s proceedings cost Rs […]