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Economists sharply cut Sri Lanka’s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.The post Sri Lanka GDP outlook slashed as economy struggles to recover – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
[…]The post Moral Justification For Protests To Continue appeared first on Colombo Telegraph.
Can electricity prices be reduced? By Dr Tilak Siyambalapitiya The answer to the question in the title of this article is in the affirmative. I explained in The Island of January 2023 [https://island.lk/the-correct-method-of-costing-electricity/] the correct method of costing electricity supply. In January, the Public Utilities Commission (PUC) announced the costs submitted by the two distributors...
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
Japan, France and India will announce a new platform for creditors to coordinate restructuring of Sri Lanka's debt, Japanese Finance Minister Shunichi Suzuki said on Wednesday, adding it would be "very nice" if China were to join the effort.The post Japan, France and India to launch platform to coordinate Sri Lanka debt appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA...
The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades.The post Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Tuesday 11thApril, 2023 Parliament security personnel have recently undergone a special training in countering possible threats of chemical attacks, according to media reports. Proper threat assessment and the anticipation of possible attacks go a long way towards protecting vulnerable targets. In this day and age, everything can be weaponised; anything is possible and therefore nothing […]
The Sri Lankan government has decided to allow three foreign companies to sell fuel at prices lower than those of the Ceylon Petroleum Corporation (CPC) if they so desire. Earlier, Minister of Power and Energy Kanchana Wijesekera told the media that three foreign companies would commence operations
The Sri Lanka Podujana Peramuna (SLPP) has admitted it made a “mistake” by picking Gotabaya Rajapaksa as President in 2019. Minister and SLPP MP Pavithra Wanniarachchi said that the SLPP made a mistake by picking Gotabaya Rajapaksa as its Presidential candidate. However, she says that mistake was rectified by appointing Ranil Wickremesinghe as President. She […]
මෙරටට පැමිණීමට නියමිත විදෙස් ඉන්ධන සමාගම් සඳහා ලංකා ඛනිජ තෙල් නීතිගත සංස්ථාවේ පවතින ඉන්ධන මිල ගණන්වලට වඩා අඩු අගයකින් ඉන්ධන අලෙවි කිරීමට රජය අවසර ලබා දී තිබේ.<br><br>සමාගම් තුනක් සඳහා මෙරට ඉන්ධන අලෙවිය සිදුකිරීමට අවසර ලබාදී ඇති අතර ඊට අදාළ ගිවිසුම්වල කාර්යයන් මේ මස අගදී අවසන් කිරීමට නියමිත බව වාර්තා වේ.
[…]The post Sri Lanka To Take Draconian Steps To Curb Dissent Through Anti-Terrorism Bill appeared first on Colombo Telegraph.
Y P Prakash China is making a comeback in Sri Lanka. First, it gave its consent on conditionalities for the IMF to lend money to the island nation and now reports indicate that China’s Sinopec has pledged to invest in Sri Lanka’s southern district of Hambantota. While Sri Lanka’s experience of Chinese investments has been […]
Video: Lanka IOC suspends fuel supplies to 26 filling stations (English)
Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Lanka IOC  Indian Oil Corporation s subsidiary in Sri Lanka  has suspended the fuel supplies to 26 filling stations, as they have continuously failed to adhere to the QR fuel quotas.
[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
GPS tracking systems will be fixed to all Ceylon Petroleum Corporation (CEYPETCO) owned fuel tankers by April 15 and the process will be implemented for all private tankers later on, Sri Lanka's Minister of Power and Energy Kanchana Wijesekera said.The post GPS tracking system for all CEYPETCO fuel
Sri Lanka’s economy is projected to contract further in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, the Asian Development Bank (ADB) said in its annual flagship economic publication, the Asian Development Outlook (ADO) April 2023.The post Sri Lanka’s economy to contract further before gradual recovery in 2024 – ADB appear...
Sri Lanka's central bank kept interest rates steady on Tuesday and expressed optimism that prices would decelerate sharply in the coming months, in its first policy decision since securing a $3 billion bailout from the International Monetary Fund.The post Sri Lanka central bank holds rates, sees sharp drop in inflation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...
Wednesday 5th April, 2023 There have been substantial reductions in fuel prices, and they will go a long way towards tackling inflation. The economy is said to be showing some signs of recovery, but more trouble is apparently brewing for the hapless Sri Lankans, who are struggling to keep the wolf
Sri Lanka Government has increased the existing fuel quota under the QR code system for the Sinhala and Tamil New Year festive season with effect from midnight today (April 04).The post Sri Lanka increases fuel quota for vehicles with effect from midnight today (April 04) appeared first on Sri
Power Energy Minister Kanchana Wijesekera says the three Cabinet-approved foreign oil companies are expected to commence their fuel distribution operations in Sri Lanka within the next two months.
[…]The post Preoccupation With Repression Will Be Counter-Productive appeared first on Colombo Telegraph.
By Jehan Perera President Ranil Wickremesinghe’s stock is rising high in the higher echelons of society where there is virtual unanimity that the president’s handling of the economic crisis has been masterful. The President’s achievement is seen in his restoration of order out of the chaos of the Aragalaya period and by getting the IMF […]
The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.The post Sri Lanka mulls buying Russian oil & fertilizers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Following the success of the fuel QR code system, the Government is developing a QR code system for farmers to provide them with the relevant allowances and subsidies. Minister of Agriculture Mahinda Amaraweera said the Government is planning to incorporate modern technology into agriculture
(Washington, DC) – The government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability, Human Rights Watch said on Thursady. On March 20, 2023, the International Monetary Fund (IMF) approved a US$3 billion loan to Sri Lanka to help resolve […]
By Rathindra Kuruwita The government has violated the fundamental rights of the workers by banning union activists of the Ceylon Petroleum Corporation (CPC) from entering their places of employment, Petroleum General Employees Union President Ashoka Ranwala says. Ranwala said that the Constitution guaranteed the right to assembly and the right to express their opinions.The CPC […]
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...