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Tuesday, May 24, 2022

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Bandaranaike International Airport entrance road blocked by protesters

The entrance road to the Bandaranaike International Airport (BIA) in Katunayake from the Expressway was blocked at Averiwatta by protesters yesterday. Passengers departing the country...

Joint LIOC, CPC fuel price formula mooted

A joint pricing formula for Lanka Indian Oil Company (LIOC) and the Ceylon Petroleum Corporation (CPC) is under discussion, Power and Energy Minister Kanchana...

First Sri Lanka Tea Shop and Cultural Centre Opened in Beijing

The Embassy of Sri Lanka in Beijing in collaboration with the China Sri Lanka Association for Trade and Economic Cooperation (CSLATE) and the Beijing...

Stock market ends on a positive note

The Sri Lankan stock market closed on a positive note today with both indices gaining for the second consecutive day. The All Share Price Index...

A Powerful Dynasty Bankrupted Sri Lanka in Just 30 Months

The Rajapaksa family is racing to secure IMF funds as protesters seek to remove it from power. By Kai Schultz Bloomberg - Ahead of the November...

Price formula needed to revise LP Gas prices – Vijitha Herath

The prices of Liquefied Petroleum Gas (LPG) should be revised every two months according to a price formula, Litro Gas Lanka Limited Chairman Vijitha...

Fitch places 12 Sri Lankan non-bank financial institutions on Rating Watch Negative

Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN). The entities are: Finance and...

World Bank to provide US$ 600 mn for essentials

World Bank Country Representative Chiyo Kanda yesterday said the World Bank has agreed to provide US$ 600 million as a solution to the current...

Two LP Gas shipments to end scarcity

The scarcity of LP Gas will end with the commencement of LP Gas distribution from today. A ship carrying 3,600 metric tonnes of LP...

‘Debt Trap’ is only a myth – Chinese Ambassador

The financial departments and institutes of China and Sri Lanka are still working closely on the new financial requests raised by Sri Lanka, in...

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