Tuesday 2nd May, 2023 Another May Day has come and gone. The organisers of the International Workers’ Day celebrations, in this country, rarely mention the Haymarket Riot in Chicago (1886), and benefits that accrued therefrom to workers the world over, much less commemorate the brave workers who have laid down their lives in the US […]

Chairman of the China Merchants Group (CMG), Miao Jianmin, has declared that their investments here would reach nearly USD 2 bn. CMG is China’s largest diversified conglomerate, according to a statement issued by the Hambantota International Port Group that dealt with Miao Jianmin’s recent visit. The statement quoted Jianmin’s as having said that the Group’s […]

By Sanath Nanayakkare Sri Lanka, while pursuing the macro-fiscal adjustment programme, under the IMF’s Extended Fund Facility arrangement, should focus on two key national issues concurrently, President Ranil Wickremesinghe said yesterday. “If the country is to achieve economic growth and share the dividends of prosperity among all its people, we need to focus on two […]

By Jehan Perera The second round of reducing the prices of a variety of fuels (2 percent for ordinary petrol to 29 percent for super diesel used by luxury vehicles) is an indication that the government is seeking to improve its support base amongst the better off sections of the population. This could be to […]

The All-Island Three-Wheeler Drivers Association says that although the fuel prices were slashed, any revisions will not be made to the three-wheeler fares.

Lanka IOC has also reduced the prices of fuel with effect from today (May 01), in line with the fuel price revision announced by the Ceylon Petroleum Corporation (Ceypetco) last night.

BBC reported that Cuba’s communist government has cancelled Monday’s traditional May Day parade because of acute fuel shortages. Every year hundreds of thousands of people are bussed in from across the island to fill Havana’s Revolution Square on International Workers’ Day. It is the first time since the 1959 revolution that the celebrations have been […]

The Ceylon Petroleum Corporation (Ceypetco) announced that it has reduced the fuel prices with effect from midnight today (April 30).

Discussions pertaining to the future of Sri Lanka s fuel industry were held today (28 April) between the Minster of Energy Kanchana Wijesekera and United Petroleum, Australia.

by Sushant Sareen The good news is that there is some new evidence that despite all the adventurism and brinkmanship, the top echelons of the Pakistan Army have, by and large, remained rational and not radicalised players. The bad news is that the Pakistan Army’s bluster and grandstanding have injected exaggerated notions of its military […]

The US Department of Defense and numerous private commentators allege that Russian-Chinese cooperation on fast breeder reactors will provide plutonium for large numbers of Chinese nuclear weapons. Assistant Secretary of Defense John Plumb told Congressional hearings on March 8: “It’s very troubling to see Russia and China cooperating on this. They may have talking points […]

The US-based oil company RM Parks Inc. and the British multinational oil and gas company Shell PLC have held a discussion with Minister of Power Energy Kanchana Wijesekera on commencing retail fuel sales in Sri Lanka in the first week of June this year.

A team of officials from Sinopec visited Sri Lanka in order to finalise the agreements and commencement of operations for retail fuel sales, Minister of Power and Energy Kanchana Wijesekera said.

By Rathindra Kuruwita Minister of Power and Energy, Kanchana Wijesekera yesterday announced that the weekly fuel quota increased on account of the festive season, would remain unchanged in keeping with a decision taken on Monday during a progress review meeting with officials of the Ceylon Petroleum Corporation (CPC). The increase in the quota had not affected the volume of […]