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Sri Lanka to hold ground at UNHRC vote on Oct 06: foreign minister

ECONOMYNEXT – Sri Lanka has decided to hold its ground at the latest United Nations Human Rights Council (UNHRC) session in Geneva, expressing strong opposition to a newer and tougher resolution to be taken up for a vote on Thursday October 06. Noting that the odds are stacked heavily against the island nation what with […]

Coal procurement: Sri Lanka’s COPF recommends action against officials

ECONOMYNEXT – Following a report by Sri Lanka’s auditor general’s department, the parliamentary Committee on Public Finance (COPF) has recommended that action be taken against officials who oversaw a 2022-2025 coal tender for the Norochcholai coal power plant. Minister of Power & Energy Kanchana Wijesekara shot back in parliament on Tuesday October 04, asking the […]

Sri Lanka tuk-tuk drivers refuse to reduce fares despite drop in petrol price

ECONOMYNEXT – Threewheeler taxi fares in Sri Lanka will not be reduced despite a drop in petrol prices, a threewheeler union said, blaming what they called an unfairly low allocation of fuel through a QR code-based quota system. President of the All-Island Three-Wheeler Drivers’ Union Lalith Dharmasekera told EconomyNext on Monday October 03 that they’re […]

Sri Lanka renewable energy industry seeing engineering brain drain

ECONOMYNEXT – Sri Lanka’s renewable energy industry is seeing a brain drain of engineers following a currency collapse an industry official said. “We have seen close to 50 engineers migrating to overseas countries. This is a brain drain,” Prabath Wickramasinghe, Past President Small Hydro Power Developers Association said. “How can we replace these professionals? The […]

Sri Lanka fuel prices; petrol cut to Rs410 a litre, diesel Rs430

ECONOMYNEXT – Sri Lanka’s petroleum utility said it had reduced the price of 92-Octane petrol by 40 rupees to 410 rupees a litre, while the diesel price is now slightly higher than petrol. Petrol Octane 95 was cut by 30 rupees to 510 rupees. Auto diesel remained at 430 rupees a litre and Super Diesel […]

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