COLOMBO, May 30 (Xinhua) -- The Sri Lankan government will launch a rapid renewable energy generation plan from June, in order to overcome the ongoing energy crisis as the country faces frequent power outages due to the shortage of fuel, local media reported on Monday. Plans will be executed...
Sajith Premadasa, the current Sri Lankan opposition leader, emphasized that while the country is “extremely grateful” for India’s help in the current crisis, the government needs to ensure that Sri Lanka’s sovereignty and political independence are not impacted by the situation. “What Sri La...
ECONOMYNEXT – Sri Lanka’s ongoing economic crisis would deepen if one creditor disagrees, a senior International Monetary Fund (IMF) official said amid concerns that China would not go along with Western creditors on debt restructuring on an equal footing. All Sri Lankan creditors incl...
The Sri Lankan government is expected to revamp legislation governing the energy sector this month, Weerakone said, which would allow large-scale projects to be implemented more smoothly. "We are optimistic we will meet targets already set for the year," she said. "Pro...
COLOMBO, March 13 (Xinhua) -- The fuel crisis, caused by the shortage of foreign exchange, has severely impacted the Sri Lankan society, worsening the country's economic woes. The recent increase in crude oil prices in the world market has made many wonder whether fuel shortages would be a...
Sri Lankan motorists have been queueing up outside fuel stations for weeks as the country faces its worst-ever economic crisis leading to a shortage in essentials including fuel. Sri Lanka's two fuel distributors Ceylon Petroleum Corporation and Lanka IOC announced on Sunday that they have increase...
The Summit’s inaugural session will include a keynote from the top officials of the Sri Lankan government. Ministers, parliamentarians, senior officials, and leading subject matter experts from around the world will take part in the Summit’s panels and roundtable discussions, the org...
regarding nuclear safety, particularly in light of incidents such as the Fukushima disaster, should give the Sri Lankan government pause. It is not only about the risks of a potential accident but also the long-term environmental damage that could occur in the event of a nuclear cr...
•Strong rebound helps CSE close week on the up ahead of Budget 2025 •February tourist arrivals up 17% to over 115,000 in 1H •With a rich history, MRI looks to the future with commitment •Singing the National Anthem in Tamil is Being Sri Lankan and Being Tamil ...
“By leveraging our storage capabilities in Hambantota, we ensure that vessels calling at Sri Lankan ports have access to consistent and high-quality HSFO supplies,” Alice Lee, Deputy General Manager, Sinopec Fuel Oil Lanka (Pvt) Ltd said in a statement. ...