Inflation in Sri Lanka-The power cut will be limited to 2 hours in Sri Lanka
The Public Utilities Commission has given permission to the Ceylon Electricity Board for a daily power cut of 02 hours and 20 minutes from today (30) to next September 02. Accordingly, electricity will be cut off for one hour during the day for categories A to L and P to w. The Public Utilities Commission announced that electricity will be cut off for 1 hour and 20 minutes in the same areas during the night.
Police seeks public assistance in finding 72 people who entered the President’s office
The police are seeking public assistance in identifying 72 persons who entered the President’s office on 09.07.2022 and damaged its properties. Photos of the suspects have also been released to the media. The police said that if you have any information about the suspects, please call 011 2083049, 0756371563 or 1997 hotline.
Economic crisis in Sri Lanka- A number of countries are coming to sell oil to Sri Lanka.. America, China, Norway among them…”
Power and Energy Minister Mr. Kanchana Wijesekera states that twenty-four companies from different countries have expressed interest in entering the country’s fuel market. He also says that a committee has been appointed to investigate the proposals. Currently, companies from the United Arab Emirates, Saudi Arabia, the United States, China, India, Norway, Malaysia, and the Philippines have applied.
What happened to Sri Lanka- The banking system in Sri Lanka will collapsed soon
Professor Nihal Hennayake of the Faculty of Management and Finance of the University of Colombo says that there is a risk of the banking system collapsing soon. Pointing out that wrong economic management is the main reason for this, the professor emphasizes that this situation has been created due to the failure of many bankrupt government institutions to settle the loans obtained through banks in this country. The professor pointed out that the government has spent about 200 billion rupees in the year 2021 for education in this country and pointed out that in that year only Sri Lanka Airlines has incurred a loss of more than one billion rupees. It is special that he disclosed that the loss paid by the legalized petroleum corporation so far this year is close to 700 billion. He has also revealed that in this kind of environment, the country has more responsibilities than placing full hopes on the International Monetary Fund. The value of free education provided by public universities has not been properly understood by the students, so a price should be decided for the relevant courses. Professor Nihal Hennayake emphasized that if this is not done, another method should be prepared immediately. Commenting on the International Monetary Fund, the professor mentions that instead of focusing on getting 4 billion dollars from the International Monetary Fund, he also revealed the facts about many areas that need more attention. It is also special to reveal facts about the special investments that can be made by utilizing the Hambantota Conference Hall and surrounding resources, which have become a burden to the country due to irresponsible investments.
What happened to Sri Lanka- The economic growth rate will decrease further due to the suspension of the import of more than 300 types of goods
Economic experts point out that the economic growth rate will decrease further due to the suspension of the import of more than 300 types of goods. And at the same time, they claim that the price of goods will continue to rise. They also point out that the price of goods will increase in the future due to the inability to obtain loans from foreign countries.
Ranjan Ramanayake will not accept the position of Foreign Travel Promotion Ambassador
Former Member of Parliament Mr Ranjan Ramanayake states that he will not accept the position of Foreign Travel Promotion Ambassador proposed by Minister Manusha Nanayakkara. He also said that there is no need for positions to serve the people. He also said that if he accepts a government position, it may be like making a deal. He was sentenced to hard labour and released under a conditional pardon by the President.
2021 AL results released
The examination department says that the results of the A-level examination of the year 2021 have been released. The department also says that the results can be obtained by visiting the website of the examination department.
Asia’s Biggest Gem” will not be sold.. Left without buyers for six months… it will have to be brought back to Sri Lanka Soon
It has been six months since the gemstone found in Ratnapura area, claimed to be the biggest gem in Asia, was taken to Switzerland for sale. The Gems and Jewelery Authority states that it has not been able to sell it so far. The chairman of the authority told the media that the value of this gem will exceed 2000 crore rupees. Under the Gems and Jewelery Act, a gem taken in this way should be brought back to this country within a period of three months, but the corporation has extended it to keep it in Switzerland.
Inflation in Sri Lanka-China will waive the debt of 17 countries. Friendly Sri Lanka is not on that list
Chinese State Minister Chang Yi has announced that China has decided to completely abandon interest-free loans given to 17 African countries. The Chinese State Minister has announced this decision by connecting to the 8th Ministerial Conference of the China-Africa Cooperation Forum held in Senegal recently. He has also explained that this decision was taken to strengthen friendship and cooperation for a new era of common development between China and Africa. He also pointed out that all the promises made by Chinese President Xi Jinping at the Ministerial Conference of the Forum on China-Africa Cooperation held in Dakar, Senegal in November 2021 have been fulfilled. He also mentioned that more than 3 billion of the promised 10 billion dollars in credit facilities have been given to African finance and institutions and nearly 2.5 billion dollars have been given to priority programs in Africa. Lanka c news
Another discussion between the Sri Lankan President and IMF representatives
Another discussion will be held next Wednesday between the representatives of the International Monetary Fund (IMF) and high-ranking representatives of Sri Lanka. That is with the aim of finding solutions to the country’s financial crisis A discussion between representatives of the International Monetary Fund and Mr. Ranil Wickramasinghe was held yesterday (26) through Zoom technology. According to the request made by the representatives of the International Monetary Fund to provide additional information necessary for these discussions regarding the Electricity Amendment, Excise Act and the Treasury, it has been agreed to provide the relevant information next Monday. Financial advisers and legal advisers of the International Monetary Fund have joined this discussion. On the 24th, representatives of the International Monetary Fund met with President Ranil Wickremesinghe and held discussions.