The development was confirmed to the media by State Minister of Finance Shehan Semasinghe late Monday night…reports Asian Lite News As Sri Lanka is still undergoing its worst ever economic crisis since
Importing Jet A-1 fuel is also a challenge for the CPC because of the foreign currency shortage..reports Asian Lite News Sri Lanka’s Cabinet of Ministers has approved a proposal to allow private
The new projects will generate nearly 1,500-2,000 employment opportunities…writes Susitha Fernando Struggling to generate power amid the ongoing financial crisis, Sri Lanka has given the go-ahead to two wind power plants by
Pakistan is grappling with economic difficulties including dwindling forex reserves, high inflation and sharp depreciation of its currency. It is rolling out higher taxes to get the IMF bailout package…reports Asian Lite
The tariff hike is likely to generate revenue of around LKR 287 billion in the cash-strapped nation…reports Asian Lite News Sri Lankan Power and Energy Minister Kanchana Wijesekera has assured that no
Wickremesinghe added that the country needs to have political stability to carry out the debt restructuring process…reports Asian Lite News Sri Lankan President Ranil Wickremesinghe on Wednesday said he is hopeful that
The Ceylon Electricity Board suffered an estimated loss of Rs 152 billion ($416 million) in 2022…reports Asian Lite News Sri Lanka’s electricity regulator, Public Utilities Commission (PUCSL), on Wednesday approved increasing the
The donation was coordinated by the Prime Minister’s Office, the Ministry of Foreign Affairs and the Sri Lanka Tea Board…reports Asian Lite News Sri Lanka’s government has donated a consignment of Ceylon
The celebrations were low-key primarily due to the severe economic crisis the island nation is facing. Sri Lanka celebrated 75 years of independence on Saturday by holding a military and cultural parade
PM Gunawardena has said that Sri Lanka was looking forward to China’s support in restructuring its debt at the moment and further strengthening its economy in the near future….reports SUSITHA FERNANDO Visiting