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[…]The post Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt appeared first on Colombo Telegraph.
Sri Lanka is likely to raise taxes and curb spending in its annual budget to meet the International Monetary Fund’s conditions and maintain a $3 billion bailout, but elections next year might see the government delay some reforms.The post Sri Lanka to use budget to meet some IMF pledges as polls near appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth for the crisis-hit economy while keeping an eye on elections.The post Sri Lanka balances polls and crisis recovery in 2024 budget deliberations appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
MMBL- Pathfinder Joint Venture Intertek Lanka, the MMBL-Pathfinder joint venture with Intertek Caleb Brett (UK) is known for its expertise in qualitative and quantitative analytical assessment services to the oil and gas, chemical, and other commodities markets. In early 2021 Intertek Lanka invested in the Hambantota International Port, establishing an on-site state-of-the-art petroleum testing la...
[…]The post SOE 2023: IPS Offers Some Inputs To Proposed Growth Lab appeared first on Colombo Telegraph.
Friday 3rd November, 2023 The latest VAT hike has come as a double whammy for the public, who are reeling from extremely high taxes and tariffs, not to mention the soaring cost of living. The SLPP politicians seem to be deriving some perverse pleasure from the predicament of the people, who rose against them and […]
Video: Sinopec fuel prices equivalent to CEYPETCO and Lanka IOC's after rates revised (English)
[…]The post The Urgent & Critical Issues Related To Climate Change appeared first on Colombo Telegraph.
Fuel prices in Sri Lanka have been revised with effect from midnight on October 31, 2023.The post Sri Lanka revises fuel prices from October 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sinopec Energy Lanka (Pvt) Limited  the Beijing-based oil and gas giant s subsidiary in Sri Lanka  has also revised the prices of its petroleum products in keeping with the amended rates announced by Ceypetco and Lanka IOC.
by Eng Parakrama Jayasinghe parajayasinghe@gmail.com Electricity consumers reeling from the massive increase in tariff in February (adjusted somewhat in July 2023) were naturally appalled by the request for a further increase by the Ceylon Electricity Board (CEB). A public consultation was held on 18 October 2023 by the Public Utilities Commission of Sri Lanka (PUCSL) […]
[…]The post Current State Of Sri Lankan Economy, According To Dhananath Fernando appeared first on Colombo Telegraph.
[…]The post Isn’t It Time For Sri Lanka To Expel Israelis? appeared first on Colombo Telegraph.
by Zinara Ratnayake It’s Lansi food,” Stephanie Herft begins to describe lamprais. Herft is the founder of Lansi’s, a home-based food delivery business that began in May 2019, in Colombo. I’m talking to Herft over the phone on a Sunday evening. She had just delivered a carton of lamprais, a Sunday afternoon staple at Lansi […]
[…]The post Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality appeared first on Colombo Telegraph.
A daily pricing formula for fuel is set to be introduced in introduced in Sri Lanka in February 2024.
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
By Shamindra Ferdinando The government has requested UN intervention to prevent the large Indian fishing fleet from poaching in Sri Lankan waters. Fisheries Minister Douglas Devananda has made the request on behalf of the Wickremesinghe-Rajapaksa government. A statement issued by the Fisheries Ministry on 16 Oct., quoted Devananda as having told UN Resident Coordinator in […]
Sri Lanka's president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China's Belt and Road Initiative.The post Sri Lanka president urges debt relief to help green transition appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Government insists there is no move to resume the QR code system for fuel. Power and Energy Minister Kanchana Wijesekera said that there has not been any discussion on such a move. He said the Ministry of Power and Energy, the Ceylon Petroleum Corporation and Ceylon Petroleum Storage Terminals
[…]The post Palestinians, The Terrorists & Israelis, The Victims appeared first on Colombo Telegraph.
President Ranil Wickremesinghe yesterday issued orders to police to provide necessary security measures for Israelis in Sri Lanka The President issued the directive during his briefing to the Cabinet of Ministers, the President’s Media Division (PMD) said. PMD said: In a briefing to the Cabinet, President Ranil Wickremesinghe expressed deep concern over the recent attacks […]
An international consultant has been appointed to guide the restructuring process of SriLankan Airlines, Minister of Port, Shipping and Aviation Nimal Siripala de Silva said. The Minister said the consultant is expected to bring expertise and best practices to guide the restructuring efforts. Sri Lanka’s aviation sector has reported a substantial profit of Rs. 22 […]
President Ranil Wickremesinghe has ordered Police protection for Israelis in Sri Lanka and also condemned the unprecedented attack by Hamas on Israel killing a large number of civilians. The President told the Cabinet that there are several Sri Lankans working in Israel and the Ministry of Foreign Affairs must locate them and ensure their safety. […]
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
President Ranil Wickremesinghe delivered a powerful speech emphasizing the importance of unity and development for the country’s future when he attended the 150th-anniversary celebration of St. Michael College in Batticaloa on Saturday (07) . The president commended the school for its diverse student body and its role in promoting harmony among different communities. The president […]
President Ranil Wickremesinghe addressed the 5th Forum of Ministers & Environment Authorities of the Asia Pacific at the Shangri La Hotel in Colombo today (05), delivering a passionate speech that emphasized three crucial points: the urgency of the climate crisis, Sri Lanka’s ambitious climate plans and the dire state of global biodiversity. President Wickremesinghe opened […]