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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 […]
By Dr Upul Wijayawardhana Humans, for generations, would have been envious of birds as the freedom of the skies was entirely theirs. Born with abilities of terrestrial pursuits, humans soon took to water and mastered the art of transport in water too but attempts at flying like birds were in vain, most ending in disaster! […]
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...
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF […]
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 […]
While presiding over a meeting of National People’s Congress Standing Committee on March 8, Chinese President Xi Jinping stressed on enhancing capacity for national security to safeguard sovereign interests, hinting categorically about his unhappiness over the country’s preparedness to fight internal and external threats in the face of intensifying geopolitical competition. At the 170-member Natio...
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.
Minister of Power and Energy, Kanchana Wijesekera, announced that the revised Electricity Act has been sent to the Legal Draftsman s Department for review. He anticipates presenting it to Parliament for approval in April following Cabinet endorsement.
By Saman Indrajith President Ranil Wickremesinghe yesterday told Parliament that the government was planning to exempt items such as books, school equipment, health equipment, and medicine from VAT. Making a special statement in the House, the President said: “By 2022, the country was slated to repay approximately US$6 billion in foreign debt annually, amounting to […]
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 […]
Children are dying of starvation in northern Gaza, the World Health Organization (WHO) chief says. Tedros Adhanom Ghebreyesus said the agency’s visits over the weekend to the Al-Awda and Kamal Adwan hospitals were the first since early October. In a post on social media, he spoke of “grim findings”. A lack of food resulted in […]
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.
The Ceylon Petroleum Corporation (Ceypetco) announced that fuel prices will be revised with effect from midnight today (March 04).
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 […]
Electricity and fuel have been declared essential services by President Ranil Wickremesinghe. President’s Secretary Saman Ekanayake issued a gazette notice from the President stating that all services connected to the supply of electricity, and the supply or distribution of petroleum products
A fuel price revision is likely to take place tonight (04), as per sources.
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
An Extraordinary Gazette has been issued declaring all services connected to the supply of electricity and the supply or distribution of petroleum products and fuel as essential services.