Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka s power minister said on Tuesday.

SJB MP Eran Wickramaratne says the importation of inferior medicine by way of emergency procurement and non-functioning medical, surgical and other test equipment in hospitals have ruined the public health sector. Addressing the Media at the Office of the Leader of Opposition on Sunday (6Aug2023), Wickramaratne said that this pathetic situation in the health sector […]

Sri Lanka Police have arrested four officers of the Excise Department over an incident where they had allegedly opened fire at a vehicle near a fuel station at Marine-Drive in Bambalapitiya, suspecting that those in the vehicle were drug traffickers.

By Shamindra Ferdinando The Convenor of ‘Samagi Joint Trade Union Alliance’ Ananda Palitha yesterday (06) alleged that the bankrupt country was being exploited to the hilt by the powers that be and external powers. The one-time director of the Ceylon Petroleum Corporation (CPC) said that the Wickremesinghe-Rajapaksa government increased diesel and petrol prices on 30th […]

The second fuel cargo of Sinopec, China s leading international petroleum company, is scheduled to reach Sri Lanka today (Aug 02).

China’s Sinopec, a leading international petroleum company, had imported its first consignment of fuel to be distributed in the local market, Power and Energy Minister Kanchana Wijesekara said yesterday (01). The Minister said in his Twitter that its second shipment would arrive today (03

Minister of Power and Energy Kanchana Wijesekara says the Ceylon Petroleum Corporation (CPC) has informed that anticipating the fuel price revision next month, 101 fuel station dealers for 92 Petrol and 61 fuel station dealers for Lanka Auto diesel have not maintained 50% stock capacity.

Monday 24th July, 2023 President Ranil Wickremesinghe has returned from New Delhi with a to-do list given by the Modi government. He will have Big Brother breathing down his neck hereafter. It has been reported that the SLPP-UNP government is planning to hold an all-party conference on the ethnic issue. Some of India’s dictates have […]

Islamabad [Pakistan], July 19 (ANI): Beyond the upcoming election cycle and the current standby agreement, Pakistan needs another International Monetary Fund (IMF) program and assistance from other multilateral lenders, the lender stated in a report released on Tuesday, according to Dawn. “Resolving Pakistan’s structural challenges, including long-term BOP [balance of payments] pressures, will req...

The first two shipments of fuel under the agreement with China s Sinopec are due to arrive in Sri Lanka next month, State Minister of Petroleum D.V. Chanaka revealed.

Sri Lanka has notified the Indian rupee as a designated currency, Indian External Affairs Ministry Spokesperson Arindam Bagchi said on Thursday (July 20). “In terms of trading in our national currencies, Sri Lanka has already notified India Rupee as designated foreign currency in their system,” Bachi said during a weekly media interaction in New Delhi. […]

by Y P Prakash The Sri Lankan government, led by Power & Energy Minister Kanchana Wijesekara, has placed significant emphasis on regional energy integration and grid connectivity between Sri Lanka and India. The target for implementing this initiative is 2030. Discussions regarding regional energy integration have been ongoing for more than two decades, and the […]

Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]

by Y P Prakash As Sri Lanka aims to meet its growing energy demands and explore opportunities for electricity generation and export, it can draw valuable lessons from the tripartite agreement between Nepal, India, and Bangladesh. This agreement has facilitated the development of robust grid connectivity, enabling the efficient exchange of electricity among the participating […]