Notable
Sri Lanka's CEB is developing two off shore sites, for wind power, with one location off Mannar
Our preference is to go ahead with the bidding round that was concluded,
CEB says profit on forecasted profits only allows 1-pct tariff cut
The tax exemptions will apply for renewable energy generation or storage facilities or 1MW or higher
CPC will receive five shipments in seven months starting from Nov. 15
Sri Lanka has been maintaining daily power cuts since March this year
Firm also building a 15MW wind farm in Mannar
Group A-W will have 1 hour and 20 minutes power cut during the night.
Some leading monks last month threatened not to pay electricity bills with revised up tariffs.
In India, religion and socialism commingle and collide.
Prior to the crisis, the official said, Litro imported around 33,000 MT per month.
The minister said enough fuel stock is available with the state-run Ceylon Petroleum Corporation (CPC)
September tourist arrivals have plunged to lowest in 11 months.
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
This will be the third time Litro gas has reduced prices in the last three months.
| Latest | Last | |
|---|---|---|
| US Dollar | 332.5018 | 332.3603 |
| UK Pound | 440.0661 | 440.9424 |
| Euro | 367.7137 | 368.4879 |
| Yen | 2.0793 | 2.0805 |
| Aus Dollar | 226.4670 | 227.4342 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5357 | 3.5474 |
| Korean Won | 0.2494 | 0.2492 |
| Oman Rial | 863.5962 | 863.2287 |
| Saudi Riyal | 88.5939 | 88.5586 |
| UAE Dirham | 90.5259 | 90.4874 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,293.72 | -1.13% |
| CSE All Share | 22,024.18 | -0.60% |
| Turnover Rs | 3232.70 million | 2975.05 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
The rupee fell from 200 to 360 to the US dollar in 2022 pushing up construction costs
Minister Wijsekera asked that the committee hear out the officials’ version of events before making recommendations
1 hour 20 mins in the evening
"We have obligations to meet for our families and five litres is not doing us any good. It’s simply not enough"
Petrol is the cheapest fuel to import. Kerosene is usually the most expensive.
One hour in the day time and one hour and 20 minutes in the night
CEB has to pay arreas of 10-months to the sector
Ceylon Petroleum Corporation owes around $800 million to foreign suppliers for fuel.
Diesel, kerosene unchanged
Sri Lanka's delay in coal imports has threatened extended power cuts
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
4 min read