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Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. ...
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
[…]The post Responsible Investment Of Borrowed Money: Could This Be A Way Forward? appeared first on Colombo Telegraph.
- Responsible Investment Of Borrowed Money; Could This Be A Way Forward? (Category: Breaking News)
- “Minimum Estate Labour Wages” & Other Related Matters (Category: Breaking News)
- An Attempt To Prioritise National Needs (Category: Breaking News)
- On “Reaching For The Stars” & Some Troubling Issues (Category: Breaking News)
Sinopec is to operate 200 filling stations in Sri Lanka, the company said after announcing its official entry into Sri Lanka’s dynamic fuel retail market. Sinopec announced its official entry into Sri Lanka’s dynamic fuel retail market at a felicitation event for local distributors held
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sinopec offers to fully finance Hambantota refinery (Category: Breaking News)
- China’s Sinopec to begin islandwide fuel distribution in Sri Lanka (Category: Breaking News)
- Sinopec sign agreement with BOI to operate, set up filling stations for distribution in Sri Lanka (Category: Breaking News)
Chinese oil and gas company Sinopec officially launched their retail fuel operations in Sri Lanka at an event held in Colombo on Monday evening (25 Sep.), marking a historic energy partnership and investment.
By N Sathiya Moorthy First, it was former Central Bank Governor Dr Indrajith Kumaraswamy. He was the chosen man of President Ranil Wickremesinghe, the then Prime Minister, for the job after his previous choice from Singapore, Arjuna Mahendran, scooted away in the light of the ‘bonds scam’ expose. The man is yet to be traced, for […]
- Parliament elections to be held in 2025 (Category: Breaking News)
- Ranil assures Presidential and Parliament polls next year (Category: Breaking News)
- A clichéd phrase that still makes sense and nonsense, too (Category: Breaking News)
- Parliament to meet tomorrow to debate State of Emergency (Category: Breaking News)
By Sanath Nanayakkare The Global CEO Forum Sri Lanka held at the Galadari Hotel on Thursday showed a clear shift of discussion topics by Sri Lankan business leaders compared to what they were talking about just a year ago. Completely deviating from airing worries about how to run their businesses amid economic turmoil, business leaders […]
- Indian business leaders keen on investing in Sri Lanka (Category: Breaking News)
- “SL must continue reforms but people demand openness, transparency & accountability” (Category: Breaking News)
- GLOBAL CEO FORUM SUMMARY (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
by Neville Ladduwahetty In order to assuage the apprehensions of India regarding the intended arrival of the Chinese research vessel Shi Yang 6 to Sri Lanka, an informed source of the National Aquatic Resources Research Agency (NARA) is reported to have said “a team of officials from the NARA would board Shi Yang 6 to […]
- A Sri Lankan initiative to meet global challenges (Category: Breaking News)
- Mega corruption everywhere – real action nowhere (Category: Breaking News)
- Kachchativu and its maritime boundary ignore international law (Category: Breaking News)
- Multilateral treaties are tools for global governance (Category: Breaking News)
and eliminate fossil fuel-based electricity generation by […]
- CEB seeks approval for another power tariff hike, alleges Electricity Consumers’ Association (Category: Breaking News)
- The correct method of costing electricity (Category: Breaking News)
- ‘CEB restructuring by September; power sector entities to be run separately’ (Category: Breaking News)
- CEB hydro power capacity down to 25 percent (Category: Breaking News)
Sri Lanka has declared several services as essential services via an extraordinary gazette.The post Health, electricity and petroleum gazetted as essential services in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President issues gazette declaring several services as essential services (Category: Breaking News)
- Electricity, petroleum production, fuel supply, and health, declared as essential services (Category: Breaking News)
- Sri Lanka President signs gazette declaring several services as essential (Category: Breaking News)
- Sri Lanka declares health, petroleum, and electricity services as essential (Category: Breaking News)
A special gazette notification has been issued declaring the supply of electricity and all related services, the supply or distribution of petroleum products and fuel, and health services as essential services.
- Oro Valley launches new podcast and video series (Category: USA, Arizona)
- Snapshots: Library to close for in-person services; keep your pets warm in winter (Category: USA, Montana)
- Oro Valley launches new podcast and video series (Category: USA, Arizona)
- White House website switch has a secret message for coders - CNET (Category: Technology)
Monday 18th September, 2023 Some henchmen of the Rajapaksa family, which is responsible for ruining the economy, have taken upon themselves the task of investigating the causes of the country’s bankruptcy! They are all out to absolve their political masters of wrongdoing in a bid to shore up the latter’s chances of winning future elections. […]
- President Ranil vows to build debt-free economy (Category: Breaking News)
- Barks of crooks (Category: Breaking News)
- President: Those who try to dictate terms to IMF have Montessori-level knowledge (Category: Breaking News)
- Exercise in futility (Category: Breaking News)
Why we, the public, need to understand Climate Change (Part 3) by Dr. Ranil Senanayake Another largely unaddressed fact that frames Climate Change is that global Oxygen concentration is falling. According to two graphs, one from the US and the other from Australia, this loss is global. The only process that can add free molecular Oxygen […]
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
- Understanding required system change (Category: Breaking News)
- An Oxygen Economy (Category: Breaking News)
- Of that proposed ‘Climate Change University’ (Category: Breaking News)
Thursday 14th September, 2023 Everyting is weaponised in politics and war, and not even corpses are spared. A long time before the advent of biological warfare in its present form, Mongolian warrior-ruler, Genghis Khan, used infectious agents as a military weapon. Historical records reveal that he had rotting corpses catapulted into the fortresses his army […]
- A pura - Omanthai stretch of railway track officially launched for public transport (Category: Breaking News)
- Rail strike called off (Category: Breaking News)
- Rail service between Mahawa and Jaffna to be suspended for five months (Category: Breaking News)
- New heads appointed to DMT and Railway Dept (Category: Breaking News)
Daily automated price revising system will be implemented at all fuel stations under Ceylon Petroleum Corporation (CEYPETCO) in Sri Lanka from next year, Minister of Power and Energy Kanchana Wijesekera said.The post Sri Lanka to introduce daily automated fuel price revising system from 2024
- Fuel prices to be revised daily - Minister (Category: Breaking News)
- Sri Lanka started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- Mobile application to be introduced to obtain information on fuel reserves and upcoming fuel sto... (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
[…]The post Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climate Change – Part III appeared first on Colombo Telegraph.
- An Oxygen Economy (Category: Breaking News)
- On The Climate Change University (Category: Breaking News)
- The Urgent & Critical Issues Related To Climate Change (Category: Breaking News)
- Forget politicians and bureaucrats (Category: Breaking News)
State Minister of Technology Mr. Kanaka Herath highlights the significance of API integration in shaping the nation’s digital future.
The Federation of Information Technology Sri Lanka (FITIS) is all set to host the eagerly awaited API Asia Conference 2023 for the second time, with this year s event scheduled to take place on November 16 at the Shangri-La Hotel in Colombo.
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Good Governance & Economic Development – Part II (Category: Breaking News)
by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel. The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation
- Taxation Without Accountability Is Not Sustainable (Category: Breaking News)
- CPA survey claims JVP Leader most popular with 48.5% of those surveyed (Category: Breaking News)
- Joint food security assessment by govt., FAO, WFP next month (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
slams Opposition for not taking up issue by Shamindra Ferdinando Convenor of the Samagi Joint Trade Union Alliance, Ananda Palitha, yesterday (03), said that the Ceylon Petroleum Corporation (CPC) had increased prices of all products in spite of earning a monthly profit of Rs. 12 bn at present. Palitha, a former CPC employee, said that […]
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
Monday 4th September, 2023 Sri Lankans with a predilection for gratuitous violence or wanton brutality no longer have to spend money to watch western gangster movies. Local television news bulletins are full of actual scenes of violence; they are in fact scarier than taut Hollywood thrillers such as Tarantino’s Reservoir Dogs. Sicarios of local gangsters […]
- Litro Gas turning a profit after years - Chairman (Category: Breaking News)
- No gas distribution tomorrow as well - Litro (Category: Breaking News)
- Domestic LP gas cylinders not distributed tomorrow as well (Category: Breaking News)
- No distribution of domestic LP gas tomorrow - Litro (Category: Breaking News)
By Dr. Ranil Senanayake Our history has been littered with carpetbaggers seeking to sell some new snake oil to ‘hicks’. They peddle the ideas that traditional values are old fashioned and the concept that ‘the newer/the more, the better’, irrespective of the social repercussions of such action. Sadly, we seem to be heading for a […]
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
- Understanding required system change (Category: Breaking News)
- Forget politicians and bureaucrats (Category: Breaking News)
- Is Sri Lanka Ready For The Climate Conference? (Category: Breaking News)
China’s Sinopec is to begin islandwide fuel distribution in Sri Lanka and compete against India’s IOC and state owned Ceypetco. Apart from Ceylon Petroleum Corporation (Ceypetco), the Indian owned Lanka India Oil (LIOC) is already operating a number of fuel sheds around the island
- Sinopec to operate 200 filling stations in Sri Lanka (Category: Breaking News)
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sinopec offers to fully finance Hambantota refinery (Category: Breaking News)
- First two Sinopec fuel shipments to arrive in Sri Lanka in August (Category: Breaking News)
ECONOMYNEXT –The QR code-enabled fuel rationing system that was in operation Sri Lanka for well over a year is to be suspended effective September 01, Power & Energy Minister Kanchana Wijesekara said on Friday. The minister told reporters that consumers can purchase fuel without scanning
- Gas muzzlers (Category: Technology)
- Why 'feed' a car? (Category: Technology)
- 'Miracle material' (Category: Technology)
- Gas Only (Category: Business)
AFP:Sri Lanka’s police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they stormed the island nation’s presidential compound last year. Constable R. M. D. Dayaratne was deployed to help protect the colonial-era residence on the day it was taken over by protesters who forced then-president Gotabaya […]
- Makumbura Multimodal Centre blocked by protesters (Category: Breaking News)
- Police disperse protest against issuance of duty-free vehicle permits for MPs (Category: Breaking News)
- Did troops use rods and poles against protesters? (Category: Breaking News)
- Iraqi protesters occupy parliament in Baghdad (Category: Breaking News)
Following quickly on the success of India's moon landing, the country's space agency launched a rocket on Saturday to study the sun in its first such solar mission.The post After the moon, India launches rocket to study the sun appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- India successfully launches its first mission to the Sun (Category: Breaking News)
- India launches space mission to study black holes (Category: Breaking News)
- India sends new space mission to observe sun after success of moon landing (Category: Breaking News)
- Japan’s ‘Moon Sniper’ makes historic lunar landing (Category: Breaking News)
[…]The post Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climate Change – Part II appeared first on Colombo Telegraph.
- Is Sri Lanka Ready For The Climate Conference? (Category: Breaking News)
- An Oxygen Economy (Category: Breaking News)
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
- The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems (Category: Breaking News)
Sri Lanka’s police force said on Friday that it had sacked an officer who entertained protesters with an impromptu piano performance after they stormed the island nation’s presidential compound last year. Constable Dayaratne was deployed to help protect the colonial-era residence on the day it was taken over by protesters who forced then-president Gotabaya Rajapaksa […]
- UK to ban American XL bully dogs after latest deadly attack (Category: Breaking News)
- Nottinghamshire sign Sri Lanka seamer Asitha Fernando (Category: Breaking News)
- Sri Lanka shocked at shooting of former Japanese PM (Category: Breaking News)
- Sri Lanka looks forward to working with new Australian PM (Category: Breaking News)
Sri Lanka has scrapped the fuel quota QR code system which was introduced last year owing to the economic crisis. Minister of Power and Energy Kanchana Wijesekera said that the QR code system has been scrapped with immediate effect. Accordingly, the Minister said that the system
- Fuel issued only under QR code system from today (Category: Breaking News)
- Fuel pass QR Code system rollout delayed (Category: Breaking News)
- QR code fuel quota system to be updated at midnight today (Category: Breaking News)
- Over 4,700 vehicles refueled under QR code system (Category: Breaking News)
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