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By Akitha Perera Samagi Jana Balawegaya (SJB) MP S.M. Marikkar on Thursday said that he supported the government’s decision to liberalise the petroleum sector and that the state should not be involved in business. Marikkar added that most Ceylon Petroleum Corporation (CPC) workers were idling and that they got paid for not doing any work. […]
by Pradeep Prasanna Samarakoon Attempts by President Ranil Wickremesinghe and Minister of Power and Energy Kanchana Wijesekera to scare the striking Ceylon Petroleum Corporation (CPC) workers into submission have demonstrated their determination to suppress the people’s rights and freedoms, President of the Public Progressive Workers’ Association, Bandula Saman Kumara says. The government ha...
France and Sri Lanka today signed a 300,000 EUR grant agreement supporting improved monitoring and reporting of air quality in Sri Lanka. The agreement was signed between the country director of the French Development Agency (AFD) M. Reda SOUIRGI and Dr. Anil Jasinghe, Secretary to the Ministry of Environment in Sri Lanka in presence of […]
Sri Lanka's Cabinet has given the green light to award licences to China’s Sinopec, Australia’s United Petroleum and RM Parks of the USA, in collaboration with multinational oil and gas company - Shell plc to enter the Fuel Retail market in Sri Lanka.The post Cabinet approval granted for 03 foreign
[…]The post From Demand For Systems Change To Systems Break appeared first on Colombo Telegraph.
, to enter the fuel retail market in Sri Lanka. The minister said that each of the three companies wo...
Video: Three foreign firms to enter Sri Lanka's fuel market (English)
Minister of Power and Energy Kanchana Wijesekera says the Cabinet of Ministers has granted approval to award licenses to China s Sinopec, Australia s United Petroleum and RM Parks of the USA, in collaboration with multinational oil and gas company - Shell plc, to enter the fuel retail market in Sri
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
[…]The post Still On The Rotten Bridge appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) bailout will help bring Sri Lanka’s depleted foreign exchange reserve to pre-crisis levels in four years, said the country’s central bank governor.The post With IMF bailout, Sri Lanka will have healthy dollar reserves in 4 years – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Five Sri Lankan Tamil asylum seekers who attempted suicide on the British-held Indian Ocean island of Diego Garcia have been sent to Rwanda for medical treatment, The New Humanitarian has learned. The news follows a recent backlash against the British government’s immigration deterrence policies and a scandal that involved 200 unaccompanied minors who went missing […]
President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the agreement with the International Monetary Fund (IMF). The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his dedication to constructing a better […]
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday (March 20) on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.The post Sri Lanka seeks 10-year debt moratorium appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post ‘Contemporary Issues In Socio-Economic Development’: A Timely Publication By Kelaniya University appeared first on Colombo Telegraph.
said that the Government has taken a principled decision to expand the distribution of fuel which […]
Sri Lankan President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly.The post Sri Lanka Government decided to expand fuel distribution appeared first on Sri Lanka News - Latest Breaking News
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.The post Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain appeared first on Sri Lanka News - Latest Breakin...
The International Monetary Fund (IMF) on Tuesday said Sri Lanka had secured financing assurances from all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion four-year bailout.The post IMF board poised to approve $2.9 billion Sri Lanka bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
By Y P Prakash Sri Lanka is a nation that has been plagued by political instability in recent years. The country has faced several political and economic crises, and there are concerns that it may plunge back into turmoil in early 2023. The postponement of the local government elections scheduled for early 2023 has raised […]
Wednesday 1st March, 2023 Sri Lanka finds itself in the same predicament as a gang rape victim being forcibly kept in the custody of her rapists. Those who are responsible for stealing public funds, mismanaging the economy and bankrupting it continue to be in power. Worse, while living high on the hog at the expense […]
Hatch has joined forces with Draper Startup House to unveil Colombo’s first-ever co-living space. The space marks the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during his recent visit to Sri Lanka. Through this initiative, Hatch serves to encourage digital nomad […]
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
A decision has not been taken to suspend the fuel pass QR code system from April, Power and Energy Minister Kanchana Wijesekera said today. There were reports that the fuel pass QR code system will be suspended from 10th April. However, Wijesekera said the system will continue. He said that data
Sri Lanka’s tea production is expected to fully recover next year after last year’s drop, the country’s Environment Minister Naseer Ahamed said.The post Sri Lanka tea industry to fully recover next year, says minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]