COPE Recommends an Investigate into the cancellation of the gas tender given to Siam Gas Company Limited and opting to purchase gas at a higher price
The Committee on Public Enterprises (COPE) chaired by Prof Charitha Herath recommended an investigation be conducted through the Auditor General’s Department on the cancellation of the Term Tender, which had been…
Ceylon Chamber appeals to all parties to prevent violence during Saturday protest
Ahead of the protest scheduled on Saturday this week, the Ceylon Chamber of Commerce (CCC) appealed the participants to refrain from violence. Ceylon Chamber of Commerce notes that a number…
Potential in biofuels for transport sector in Sri Lanka
By Ravinda Soysa All states currently rely substantially on petroleum based fuels for power generation, transportation and agricultural activities. The fact that only a few countries generate the majority of…
High-Level U.S Delegation to visit Crisis-hit Sri Lanka next week
A high-level delegation representing the U.S. Department of the Treasury and the U.S. Department of State will visit Sri Lanka from June 26 – 29. Members of the delegation include…
A new Cabinet Sub Committee proposed to address the country’s food crisis
The Committee on Public Accounts (COPA) recommended that all Ministries should unite and set up a Cabinet Sub-Committee on Food Security to address the food crisis in the country. The…
United States to Provide an Additional $5.75M to Crisis-hit Sri Lanka
The U.S. government announced a third tranche of new funding today to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka. This humanitarian assistance,…
Crisis-hit Sri Lanka plans to deploy Army, Civil Defense Force, and Prisoners to cultivate food
In the face of the current food crisis, the Minister of Agriculture and Minister of Wildlife and Forest Resources Conservation, Mahinda Amaraweera announced that plans are underway to deploy Army…
Dhammika Perera Tipped to Become the Minister of Technology and Investment Promotion
Top Businessman Dhammika Perera is set to enter the Parliament replacing Basil Rajapakse and is tipped to swear in as the Minister of Technology and Investment Promotion. President Gotabaya Rajapaksa…
Sri Lanka needs $6 billion to keep the country afloat for the next six months
Sri Lanka requires $6 billion during the next six months to keep the country afloat, according to Prime Minister Ranil Wickremesinghe. Over half of the requirements is for fuel and…
Sri Lanka’s agripreneurial community makes recommendations for the revival of the agriculture sector ahead of food crisis
There are constant dire warnings of impending food shortages citing many causes and blames onpast actions. While it is useful and wise to be forewarned, the warnings alone will not…