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Saturday March 2nd, 2024

Sri Lanka schedules power cuts up to 10-hours for March 30

ECONOMYNEXT – Power cuts of up to 10 hours in some areas in Sri Lanka on March30, Public Utilities Commission Chairman Janaka Ratnayake said as a flexible exchange regime created severe foreign exchange shortages and power deficits in the dry season.

Areas ABCDEF and PQRS will have 10 hour continuous power cut from 2.00pm to 12.00am.

Areas MNOXYZ will have a power cut from 8.00am to 6.00pm.

Areas GHIJKL and TUVW will have 10 hour power cuts of 6 hours from 8.00am to 2.00pm and 4 hours and 30 minutes from 6.00pm to 10.00pm.

Download the power cut schedule for March 30 30-03-2022-Power-Interruption-Schedule-full

Though the government has said power cuts will be reduced gradually, they have been extended mainly due to lack of fuel and higher demand as demand went up due to a lack of price increase.

The lack of fuel also has resulted in large queues for diesel and petrol despite record price hikes. (Colombo/ March 29/2022)

Comments (13)

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  1. Vischjager says:

    When will this ever end? We are worse off than 3rd world countries in Africa. And the government does absolutely nothing.

  2. Anusha says:

    Puttlam
    Area

  3. Ranga says:

    For some areas no power for 10 hours continuesly

  4. Samanthi Ranasinghe says:

    I am very happy is power cut schedule. Meeta wada hodai light nathima unanam. purudu vidiyata lampu eliyema inna thibuna. Rata Karana barinam yanna. Podi lamayek nidi Karawanne kohomada? Me rasne dawaswala.

  5. David says:

    Naasamaapeirivingada

  6. Kapila Gamage says:

    what are the X Y Z area

  7. Nadeen says:

    Thanks to all help to our future

  8. gotam ponnaya says:

    harima sapai

  9. තරංග අබේවර්දන says:

    පැය 10ක්‌ අද කපනවා, ඊයෙ පැය 13, හෙට ඉදන් දෙන්න විදිහක් නෑ විදුලි බලමණ්ඩල ය වැහුව කියහලල

  10. sudath says:

    how do we know in which zone we are in ????????

  11. Mr Thuring says:

    why is it some areas no power cut ,and areas like kudamaduwa has daily power cuts but never on shadule, dont they think of the seanoior citizens in the countrt, how the manage without lights
    candles not avelable all hid to sell at black market they should put a price control on all goods

  12. හින්නිඅප්පුහාමි says:

    රැ12ටමොකටද.එලිවෙනකම්.කපපල්ලා.

  13. Disura fernando says:

    Plese don’t droup our current in rawathawatta can you please

View all comments (13)

Comments (13)

Cancel reply

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

  1. Vischjager says:

    When will this ever end? We are worse off than 3rd world countries in Africa. And the government does absolutely nothing.

  2. Anusha says:

    Puttlam
    Area

  3. Ranga says:

    For some areas no power for 10 hours continuesly

  4. Samanthi Ranasinghe says:

    I am very happy is power cut schedule. Meeta wada hodai light nathima unanam. purudu vidiyata lampu eliyema inna thibuna. Rata Karana barinam yanna. Podi lamayek nidi Karawanne kohomada? Me rasne dawaswala.

  5. David says:

    Naasamaapeirivingada

  6. Kapila Gamage says:

    what are the X Y Z area

  7. Nadeen says:

    Thanks to all help to our future

  8. gotam ponnaya says:

    harima sapai

  9. තරංග අබේවර්දන says:

    පැය 10ක්‌ අද කපනවා, ඊයෙ පැය 13, හෙට ඉදන් දෙන්න විදිහක් නෑ විදුලි බලමණ්ඩල ය වැහුව කියහලල

  10. sudath says:

    how do we know in which zone we are in ????????

  11. Mr Thuring says:

    why is it some areas no power cut ,and areas like kudamaduwa has daily power cuts but never on shadule, dont they think of the seanoior citizens in the countrt, how the manage without lights
    candles not avelable all hid to sell at black market they should put a price control on all goods

  12. හින්නිඅප්පුහාමි says:

    රැ12ටමොකටද.එලිවෙනකම්.කපපල්ලා.

  13. Disura fernando says:

    Plese don’t droup our current in rawathawatta can you please

Sri Lanka eyes SOE law by May 2024 for better governance

ECONOMYNEXT – Sri Lanka is planning to pass a Public Commercial Business (PCB) Act improve governance of state-owned enterprise by May 2024 as part of an anti-corruption efforts following an International Monetary Fund assessment.

Sri Lanka’s state enterprises have been used by politicians to give ‘jobs of the boys’, appropriate vehicles for personal use, fill board of directors and key positions with henchmen and relatives, according to critics.

Meanwhile macro-economists working for the state also used them to give off-budget subsides or made energy utilities in particular borrow through supplier’s credits and state banks after forex shortages are triggered through inflationary rate cuts.

The government has taken billons of dollars of loans given to Ceylon Petroleum Corporation from state banks.

There have also been high profile procurement scandals connected to SOEs.

An SOE Reform Policy was approved by Sri Lanka’s cabinet of ministers in May 2023.

The Public Commercial Business (PCB) Act has now been drafted.

A holding company to own the SOEs will be incorporated and an Advisory Committee and Board of Directors will be appointed after the PCB law is approved, the statement said. (Colombo/Mar01/2024)

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Sri Lanka rupee closes at 308.80/90 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 308.80/90 to the US dollar Friday, from 309.50/70 on Thursday, dealers said.

Bond yields were broadly steady.

A bond maturing on 01.02.2026 closed at 10.65/75 percent up from 10.50/70 percent.

A bond maturing on 15.09.2027 closed at 11.90/12.05 percent from 11.90/12.10 percent.

A bond maturing on 01.07.2028 closed at 12.15/35 percent down from 12.20/25 percent.

A bond maturing on 15.07.2029 closed at 12.25/40 percent up from 12.30/45 percent.

A bond maturing on 15.05.2030 closed at 12.30/45 percent down from 12.35/50 percent.

A bond maturing on 01.07.2032 closed at 12.50/13.00 percent from 12.55/13.00 percent. (Colombo/Mar1/2024)

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Sri Lanka stocks close up 0.37-pct, Expo to de-list

ECONOMYNEXT – The Colombo Stock Exchange closed up 0.37 percent on Friday, and SG Holdings, the parent company of Expolanka Holdings Plc, said it was taking the company private.

Expolanka is the largest listed company on the Colombo Stock Exchange.

“Expolanka Holdings PLC has, at the Board Meeting held on 1st March 2024, considered a request from its principal shareholder and resolved to initiate the de-listing of the Company’s shares from the Official List of the Colombo Stock Exchange subject to obtaining necessary shareholder approval and regulatory approvals,” the company said in a stock exchange filing.

As per arrangements with SG Holdings Global Pte Ltd, the Company’s majority shareholder, it will purchase its shares from shareholders who may wish to divest their shareholding in the Company at a purchase price of Rs 185.00 per share. The share closed up at 150.50.

The broader All Share Index closed up 0.37 percent, or 39.47 points, at 10,691; while the S&P SL20 Index closed down 0.64 percent, or 19.59 points, at 3,037.

Turnover stayed above the 1 billion mark for the sixth consecutive day, registering 1.4 billion.

Crossings in Melstarcorp Plc (135mn) up at 89.50, Hatton National Bank Plc (64mn) up at 158.00, Hemas Holdings Plc (53mn) up at 75.00 and Central Finance Company Plc (26mn) up at 103.50, added significantly to the day’s turnover.

“The upward trend is continuing, with more retail buying also coming in, the number of trades was more than 10,000 today,” a market participant said. “Investors are looking for undervalued stocks and buying in quantities.” (Colombo/Mar1/2024).

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