It is important that Sri Lanka restructures its debt and relaxes the restrictions imposed on imports by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka has suspended its external debt repayments and the import of many goods, which are against […]

It was important for Sri Lanka to restructure its debt and relax import restrictions by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka had suspended its external debt repayments and the import of many goods, which are against some […]

Some countries, including Australia and the US, are continuing to maintain a travel advice on Sri Lanka with visitors being told to exercise caution. The US travel advisory issued last October maintains that visitors must exercise increased caution in Sri Lanka due to fuel and medicine shortages

[…]The post Capitalism On Life Support: Planetary Bounds To Market-Lead Growth appeared first on Colombo Telegraph.

In a bid to address the foreign exchange crisis in Sri Lanka and ensure a steady supply of fuel, the Ministry of Power and Energy has taken decisive action. Accordingly, an agreement was signed on Thursday (08) at the Presidential Secretariat, between the Government of Sri Lanka and RM Parks Inc

ශ්රී ලංකාව තුළ අඛණ්ඩ ඉන්ධන සැපයුමක් සහතික කරමින්ඛනිජ තෙල් නිෂ්පාදන ආනයනය, ගබඩා කිරීම, බෙදා හැරීම සහ විකිණීම සඳහා ශ්රී ලංකා රජය සහ ආර්.එම්. පාර්ක්ස් සමාගම(RM Parks Inc)අතර දිගුකාලීන ගිවිසුමකට අත්සන්The post ශ්රී ලංකාව තුළ අඛණ්ඩ ඉන්ධන සැපයුමක් සහතික කිරීමට නව ගිවිසුමකට අත්සන් තැබේ appeared first on ITN News.

An agreement has been signed between the Government of Sri Lanka and RM Parks Inc., in collaboration with Shell Plc for a long-term contract for the importation, storage, distribution, and sale of petroleum products in Sri Lanka.

By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]

Tuesday 6th June, 2023 Most people are labouring under the misconception that every prospect pleases in this country and only politicians are vile. Hence the unprecedented rise of anti-politics during the past several years and the demand that all 225 MPs go home. It is popularly thought that all we need to do is to […]

By Rathindra Kuruwita Indian and Chinese companies will dominate the lubricant and bunkering markets soon, convenor of the Samagi Jana Balawegaya (SJB) trade union wing, Samagi Joint Trade Union Alliance, Ananda Palitha, said yesterday. “Sinopec will take over the Southern markets, while Lanka IOC will take over the Northern markets,” he said. Palitha said these […]

Saturday 3rd June, 2023 Long lines of vehicles were seen near filling stations yesterday as well, and it may be a couple of days before the situation is brought under control. Minister of Power and Energy Kanchana Wijesekera has threatened tough action against the fuel stations

David Pieris Motor Company (Private) Limited, the first company to introduce a motorcycle produced with locally manufactured components under the Standard Operating Procedure for Automobile Manufacturing/ Assembling Industry and Automobile Component Manufacturing Industry in Sri Lanka announced by the Ministry of Industries, launched its second bike, Bajaj Discover 125, yesterday at the DPMC Head ...

The Monetary Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively, CBSL said in a statement on Thursday. The decision was taken at […]

Friday 2nd June, 2023 Long lines of vehicles suddenly appeared near filling stations yesterday, evoking dreadful memories of a dark era and causing public panic. Pumps had run dry at most fuel depots, and people had to wait for hours to obtain petrol and diesel. Minister of Power and Energy

President of the Lanka Private Bus Owners Association (LPBOA) Gemunu Wijeratne says that they expect to revise the bus fares during the review of bus fares in the month of July.

Minister of Power and Energy Kanchana Wijesekera today requested the public not to panic over any fuel shortages as the Ceylon Petroleum Corporation (Ceypetco) and Lanka IOC have adequate stocks of fuel.

The Ceylon Petroleum Corporation and Lanka IOC have announced that their retail fuel price will be revised from midnight today (31) Accordingly the new retail price of fuel (per liter) will be, Octane 92 petrol – Rs. 318 Octane 95 petrol – Rs. 385 Lanka Super Diesel – Rs. 340

The Indian High Commission yesterday (30) said that following a request from Sri Lanka, the State Bank of India (SBI) had extended the tenure of the USD 1 billion Credit Facility, provided in March 2022, for the procurement of essential items. In this context, an Amendment Agreement was signed yesterday, in the presence of the […]