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Thursday February 29th, 2024

Sri Lanka schedules 6.5 hours of power cuts for April 5

ECONOMYNEXT – Power cuts of up to 6.5 hours have been approved in Sri Lanka for April 5 Tuesday, Public Utilities Commission Chairman Janaka Ratnayake said as severe foreign exchange shortages to import fuel was temporarily eased with fuel on borrowed money from India.

Areas A,B,C,D,E,F,G,H,I,J,K and L will have power cuts of 4 hours from 8.00 am to 5.00 pm and 2.5 hour  from 5.00 pm to 10.00 pm.
Areas P,Q,R,S,T,U,V and W areas will have power cuts of 4 hours from 10.00 am to 6.00 pm and 2.5 hour  power cuts from 6.00 pm to 11.00 pm.
Area CC1, will have a 3.5 hours from 6.00 am to 9.30 am.
Download the power cut schedule from here: Demand Managmet Schedule-05th April 2022
The island nation saw a power cut of 13 hours a day last week, but the duration has been shortened after Indian fuel shipments arrived.
Sri Lanka’s electricity demand had risen amid power cuts with more people using electricity for cooking due to shortage of fuel and cooking gas amid a delay in raising prices. (Colombo/April 4/2022)

Comments (16)

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  1. Carla browne says:

    No excuse,,,,
    No gas if one has gas cooker
    How to cook with power cuts, and thus cannot blame cooking

  2. Lilantha says:

    Today tire coparation juntion area power cut not doing according to time table. Now power cut going from 2.10 p.m to 7.41 pm. Continuely 5and half ours. Poolece dission that

  3. vasantha perera says:

    #gota go home

  4. SG says:

    i thought they said that after April 2nd powercuts would reduce to less than 4 hours

  5. Rolph says:

    We are still providing uninterrupted power to selected areas and servicing the rogue family.

  6. Manjulani says:

    Thank you

  7. Pushpa Perera says:

    Very helpful if this was imfirmed earlier. Then we can plan our daily activities accordinly.

  8. NK says:

    Go home gota

  9. Tharindu says:

    Please disconnect the power at the correct time and make arrangements to return it. Be kind enough to work according to your schedule.

  10. Tharindu Deshan says:

    Please disconnect the power at the correct time and make arrangements to return it. Be kind enough to work according to your schedule.

  11. Nazeem says:

    Well and true but cutting after 10pm is making very inconvenient specially concern infants. So please reschedule avoiding cutting power after 10pm.

  12. Ms.Perera. says:

    No Power cuts at Colombo Municipal Council and Arpico Hyde Park area for the last week. while we are having daily power cuts ?? This is discrimination – why ?? Who are you protecting.

  13. Gary White says:

    Your policies on decision making is disgraceful, you deception to the people describing 5 hours maximum, it’s typical of policy making at its worst, and gives little comfort to the people suffering, if you can’t be open and truthful, it’s better for all concerned to keep your mouth shut!!!

  14. Gary White says:

    It would be more professional if someone with some intelligence produced a power cut schedule that could provide the reassurances these are the times that power will be cut, or maybe whoever cuts the power gets a watch that works!!

  15. Dammiy says:

    Gota go home rajapaksa family go home

  16. Mrs T Sam says:

    Pls let me know how to or where to find our area letter.
    This a, b , c, d don’t understand which category we are living in. Pls advice. I’m in moratuwa kattubedda

View all comments (16)

Comments (16)

Cancel reply

Your email address will not be published. Required fields are marked *

  1. Carla browne says:

    No excuse,,,,
    No gas if one has gas cooker
    How to cook with power cuts, and thus cannot blame cooking

  2. Lilantha says:

    Today tire coparation juntion area power cut not doing according to time table. Now power cut going from 2.10 p.m to 7.41 pm. Continuely 5and half ours. Poolece dission that

  3. vasantha perera says:

    #gota go home

  4. SG says:

    i thought they said that after April 2nd powercuts would reduce to less than 4 hours

  5. Rolph says:

    We are still providing uninterrupted power to selected areas and servicing the rogue family.

  6. Manjulani says:

    Thank you

  7. Pushpa Perera says:

    Very helpful if this was imfirmed earlier. Then we can plan our daily activities accordinly.

  8. NK says:

    Go home gota

  9. Tharindu says:

    Please disconnect the power at the correct time and make arrangements to return it. Be kind enough to work according to your schedule.

  10. Tharindu Deshan says:

    Please disconnect the power at the correct time and make arrangements to return it. Be kind enough to work according to your schedule.

  11. Nazeem says:

    Well and true but cutting after 10pm is making very inconvenient specially concern infants. So please reschedule avoiding cutting power after 10pm.

  12. Ms.Perera. says:

    No Power cuts at Colombo Municipal Council and Arpico Hyde Park area for the last week. while we are having daily power cuts ?? This is discrimination – why ?? Who are you protecting.

  13. Gary White says:

    Your policies on decision making is disgraceful, you deception to the people describing 5 hours maximum, it’s typical of policy making at its worst, and gives little comfort to the people suffering, if you can’t be open and truthful, it’s better for all concerned to keep your mouth shut!!!

  14. Gary White says:

    It would be more professional if someone with some intelligence produced a power cut schedule that could provide the reassurances these are the times that power will be cut, or maybe whoever cuts the power gets a watch that works!!

  15. Dammiy says:

    Gota go home rajapaksa family go home

  16. Mrs T Sam says:

    Pls let me know how to or where to find our area letter.
    This a, b , c, d don’t understand which category we are living in. Pls advice. I’m in moratuwa kattubedda

Sri Lanka’s RAMIS online tax collection system “not operatable”: IT Minister

ECONOMYNEXT – Sri Lanka’s online tax collection system RAMIS is “not operatable”, and the Ministry of Information Technology is ready to do for an independent audit to find the shortcomings, State IT Minister Kanaka Herath said.

The Revenue Administration Management Information System (RAMIS) was introduced to the Inland Revenue Department (IRD) when the island nation signed for its 16th International Monetary Fund (IMF) programme in 2016.

However, trade unions at the IRD protested the move, claiming that the system was malfunctioning despite billions being spent for it amid allegations that the new system was reducing the direct contacts between taxpayers and the IRD to reduce corruption.

The RAMIS had to be stopped after taxpayers faced massive penalties because of blunders made by heads of the IT division, computer operators and system errors at the IRD, government officials have said.

“The whole of Sri Lanka admits RAMIS is a failure. The annual fee is very high for that. This should be told in public,” Herath told reporters at a media briefing in Colombo on Thursday (29)

“In future, we want all the ministries to get the guidelines from our ministry when they go for ERP (Enterprise resource planning).”

President Ranil Wickremesinghe’s government said the RAMIS system will be operational from December last year.

However, the failure has delayed some tax collection which could have been paid via online.

“It is not under our ministry. It is under the finance ministry. We have no involvement with it, but still, it is not operatable,” Herath said.

“So, there are so many issues going on and I have no idea what the technical part of it. We can carry out an independent audit to find out the shortcomings of the software.”

Finance Ministry officials say IRD employees and trade unions had been resisting the RAMIS because it prevents direct interactions with taxpayers and possible bribes for defaulting or under paying taxes.

The crisis-hit island nation is struggling to boost its revenue in line with the target it has committed to the IMF in return for a 3 billion-dollar extended fund facility. (Colombo/Feb 29/2024) 

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Sri Lanka aims to boost SME with Sancharaka Udawa tourism expo

ECONOMYNEXT – Sri Lanka is hosting Sancharaka Udawa, a tourism industry exhibition which will bring together businesses ranging from hotels to travel agents and airlines, and will allow the small and medium sector build links with the rest of the industry, officials said.

There will be over 250 exhibitors, with the annual event held for the 11th time expected to draw around 10,000 visitors, the organizers said.

“SMEs play a big role, from homestays to under three-star categories,” Sri Lanka Tourism Promotion Bureau Chairman, Chalaka Gajabahu told reporters.

“It is very important that we develop those markets as well.”

The Sancharaka Udawa fair comes as the Indian Ocean island is experiencing a tourism revival.

Sri Lanka had welcomed 191,000 tourists up to February 25, compared to 107,639 in February 2023.

“We have been hitting back-to-back double centuries,” Gajabahu said. “January was over 200,000.”

The exhibition to be held on May 17-18, is organized by the Sri Lanka Association of Inbound Tour Operators.

It aims to establish a networking platform for small and medium sized service providers within the industry including the smallest sector.

“Homestays have been increasingly popular in areas such as Ella, Down South, Knuckles and Kandy,” SLAITO President, Nishad Wijethunga, said.

In the northern Jaffna peninsula, both domestic and international tourism was helping hotels.

A representative of the Northern Province Tourism Sector said that the Northern Province has 170 hotels, all of which have 60-70 percent occupancy.

Further, domestic airlines from Colombo to Palali and the inter-city train have been popular with local and international visitors, especially Indian tourists. (Colombo/Feb29/2024)

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Sri Lanka rupee closes at 309.50/70 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 309.50/70 to the US dollar Thursday, from 310.00/15 on Wednesday, dealers said.

Bond yields were slightly higher.

A bond maturing on 01.02.2026 closed at 10.50/70 percent down from 10.60/80 percent.

A bond maturing on 15.09.2027 closed at 11.90/12.10 percent from 11.90/12.00 percent.

A bond maturing on 01.07.2028 closed at 12.20/25 percent.

A bond maturing on 15.07.2029 closed at 12.30/45 percent up from 12.20/50 percent.

A bond maturing on 15.05.2030 closed at 12.35/50 percent up from 12.25/40 percent.

A bond maturing on 01.07.2032 closed at 12.55/13.00 percent up from 12.50/90 percent. (Colombo/Feb29/2024)

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