• Sun. Aug 7th, 2022

Author

  • Home
  • Eight member committee appointed to propose recommendations to restructure CEB

Eight member committee appointed to propose recommendations to restructure CEB

The Government yesterday appointed eight-member committee to propose recommendations within a month to restructure Ceylon Electricity Board (CEB), the Minister of Power and Energy Kanchana Wijesekera announced. The eight members…

UN Secretary-General Calls Governments to tax ‘Immoral’ Profits of Oil and Gas Companies

As the war in Ukraine continues to rage, skyrocketing energy prices are compounding an existential cost-of-living crisis for hundreds of millions of people, warned the UN Secretary-General’s Global Crisis Response Group (GCRG)…

TUI extend the suspension of Sri Lanka holidays

TUI has further extennded the cancellation of holidays to Sri Lanka. The operator’s program is being suspended for an extra week until August 22th. Tui started holiday cancellations to Sri…

Sri Lanka roll out QR code system-based fuel distribution from today

Sri Lankans have been urged not to overcrowd fuel stations in the country as the fuel distribution process for vehicles as per the QR code system which was delayed earlier,…

Airlines cuts capacity and import cargo amidst jet fuel crisis

Sri Lanka’s economic crisis and lack of fuel has resulted in airlines cutting capacity to the country and embargoing inbound cargo. The lack of passengers and fuel, which airlines have…

ADB projects Sri Lanka’s economy to contract by 7.6% in 2022

Asain Development Bank (ADB) highlighted that Sri Lanka’s economic conditions have deteriorated drastically on a sharp fall in usable reserves, causing the government to suspend external public debt servicing (excluding…

it’s in China’s interest to restructure Sri Lanka’s debt – Yellen

China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries if China participated in restructuring Sri Lanka’s debt, U.S. Treasury…

Stock market thrives consecutively over recent political developments

Colombo bourse recorded gains for the second straight session with faint improvement in investor sentiment over recent political developments in the country with the affirmed resignation of President Gotabaya Rajapaksa,…

Jet Fuel crisis in Sri Lanka brings in new income streams for South Indian airports

The ongoing turmoil and fuel shortage in Sri Lanka have boosted aviation turbine fuel (ATF) sales in South Indian airports including Adani Group-managed Thiruvananthapuram Airport, Cochin Airport and Chennai Airport, according to…

Ceylon Chamber calls for President to resign and party leaders to ensure smooth transition of power

The Ceylon Chamber of Commerce reiterates its call for President Gotabaya Rajapakse to resign immediately for the sake of the country and its stability as he has lost the trust…