President Ranil Wickremesinghe, arrived at the Perth International Airport yesterday afternoon (08) to attend the 7th Indian Ocean Conference in Perth, Australia At the invitation of the India Foundation and the Australian Government, President Ranil Wickremesinghe is currently engaged in an official visit to Australia, to attend the Seventh Indian Ocean Conference taking place from…
Reuters – Global creditors and Moody’s, Fitch and S&P Global Ratings met on Wednesday to discuss ratings agencies’ actions after debt relief provided by official creditors to some of the world’s poorest nations, a source said on Thursday. The meeting also discussed methodology on credit action in the event countries carry out a debt swap…
The Sri Lanka Standards Institution (SLSI) presented a dividend cheque of LKR 50 million to the Treasury of Sri Lanka on 08th Feb 2024, reflecting its strong financial performance in 2022. This contribution signifies the institution’s commitment to supporting national development and economic growth. The cheque was presented by Hon. Kanaka Herath, State Minister of…
The Indian government has submitted a proposal through the Indian Oil Corporation (IOC) Ltd. for a multimodal oil pipeline connecting Nagapattinam in India, and Trincomalee Oil Tank Farm and Colombo in Sri Lanka. Commenting on this matter, Mr. Kanchana Wijesekera, the Minister of Power and Energy, said that a discussion on the proposal was held…
Reuters – India’s state-run Petronet LNG (PLNG.NS) plans to begin supplying liquefied natural gas (LNG) to neighbouring Sri Lanka for five years starting in 2025, its chief executive said on Thursday. Petronet will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each, CEO Akshay Kumar Singh said during…
Exterminators PLC, Asia’s first publicly listed, great place to work certified pest management and environmental enhancement technology company, is delighted to announce the appointment of Dr. Kishu Gomes as its chairman with effect from February 8, 2024. Dr. Kishu Gomes is a corporate leader with an impressive track record, having held leadership positions in both…
The Chinese are getting ready buying new clothes, having a facial or a manicure, trying a new hairstyle etc. in the run-up to the Chinese New Year. With these they gear up for a new beginning & a fresh look for the year ahead. Chinese sources indicate that it’s the busiest time of the year…
WindForce, the pioneering renewable energy developer in Sri Lanka, has made a significant announcement regarding its dividend for the fiscal year 2023/2024. The company revealed that it will be paying out a dividend of LKR 1 per share, amounting to a total dividend payout of LKR 1.35 billion. This latest dividend declaration continues WindForce’s tradition…
Reuters – Sri Lanka is hopeful of making progress by next month on two delayed wind energy projects to be built by India’s Adani Green Energy Ltd, its energy minister said on Wednesday. The cash-strapped south Asian island nation, which has suffered from crippling power blackouts and fuel shortages, has been trying to speed green…
Sri Lankans pay 2.5 to 3 times more for electricity than South Asian neighbours In 2023, Sri Lanka revised its electricity charges three times in February, July and October. The stated basis for the increase, was to recover the full cost of providing electricity. This analysis compares the electricity charges on households in Sri Lanka…
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