CP Chairman DEW G says lawmakers here should be aware of what is going on in the world. The Parliament cannot turn a blind eye to global developments, the former MP said, pointing out that the ongoing Ukrainian crisis underscored the need for greater understanding of international affairs as the rapid developments taking place with […]

During a media briefing held at the Presidential Media Centre under the theme of “Collective path to a stable country” today (04), Minister of Power and Energy, Kanchana Wijesekera, addressed accusations from various parties regarding the electricity price revision. He highlighted that in June’s price revision, the government provided a significant 55% relief in electricity […]

Chinese Ambassador to Sri Lanka Qi Zhenhong says that many nations in the world, including China and Sri Lanka, are still suffering under the yoke of neo-colonialism and hegemonism. Speaking during a visit to the Muthiyangana Raja Maha Viharaya, AmbassadorQi said China firmly upholds international fair play and justice, advocates the practice of true multilateralism, takes […]

The Ceylon Petroleum Corporation (CEYPETCO) has revised fuel prices with effect from midnight on Friday.

By Chandre Dharmawardana chandre.dharma@yahoo.ca According to a recent news report (The Island 23rd June 2023), Minister Mahinda Amaraweera has claimed that the “agricultural sector to be transformed into an export-oriented economy”! This is a surprising statement since the plantation sector, established by the British, has been from the start (and even now) an export-oriented economy....

Transport Minister Bandula Gunawardena announced on Sunday that the Cabinet of Ministers had approved a proposal to operate electric buses in the city of Colombo. The decision aims to mitigate environmental damage caused by exhaust fumes and the impact of rising fuel prices. Minister Gunawardena

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 […]

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 […]