Connect with us

News

No bus fare reduction in spite of Rs. 27 drop in diesel price

Published

on

The National Transport Commission yesterday (01) said that bus fares will not be revised in spite of the fuel price reduction.The announcement was made after the Ceylon Petroleum Corporation (CEYPETCO) said it would amend the fuel prices from midnight Nov 30, 2023. Lanka IOC, the local subsidiary of the Indian Oil Corporation, and Sinopec Energy Lanka (Pvt) Ltd. – the Beijing-based oil and gas giant’s subsidiary in Sri Lanka – too have revised their fuel prices.

The revised rates are as follows:

• Petrol 92 Octane – Rs. 346 (reduced by Rs. 10)

• Petrol Octane 95 – Rs. 426 (increased by Rs. 3)

• Auto Diesel – Rs. 329 (reduced by Rs. 27)

• Super Diesel -Rs. 434 (increased by Rs. 3)

• Lanka Kerosene – Rs. 247 (reduced by Rs.2)



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.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

News

PM Harini meets Commonwealth Secy-General in London

Published

on

Prime Minister Harini Amarasuriya with the Secretary-General of the Commonwealth of Nations, Shirley Ayorkor Botchwey

Prime Minister Harini Amarasuriya met with the Secretary-General of the Commonwealth of Nations, Shirley Ayorkor Botchwey, at Marlborough House, in London, on Thursday (21).According to the Prime Minister’s Office, the meeting took place during the official visit of PM Amarasuriya to London, for the 43rd Commonwealth of Learning (COL) Board of Governors Meeting 2026.

PM Amarasuriya met with the Secretary-General to discuss areas of mutual cooperation and shared priorities within the Commonwealth framework.

During the meeting, the Prime Minister expressed appreciation for the Commonwealth’s engagement with Sri Lanka and commended the Secretary-General’s leadership in enhancing the relevance and effectiveness of the Commonwealth.

Discussions focused on climate change, climate finance, democratic governance, women’s political participation, and ongoing Commonwealth support for member states.

PM Amarasuriya highlighted Sri Lanka’s commitment to resilience-building, sustainable development, and inclusive governance, while appreciating the continued engagement and support extended by the Commonwealth Secretariat.

The Secretary-General reaffirmed the Commonwealth’s readiness to continue supporting Sri Lanka through technical assistance, capacity-building initiatives, and collaboration in areas including climate finance and electoral governance.

Both sides also exchanged views on upcoming Commonwealth engagements and underscored the importance of strengthening cooperation among member states to address shared global challenges.

High Commissioner Nimal Senadeera and senior officers of the High Commission of Sri Lanka accompanied the Prime Minister to the meeting.

Continue Reading

News

IRD tops Rs. 1 Trillion in tax revenue

Published

on

The Inland Revenue Department (IRD) has surpassed the Rs. 1 trillion mark in tax revenue collection, recording a major milestone in the country’s revenue generation efforts and fiscal management.In an official statement issued yesterday, the Department said the achievement was reached on May 18, 2026, reflecting a significant contribution towards strengthening Sri Lanka’s financial stability and sustaining public services.

Commissioner General of Inland Revenue, Rukdevi P. H. Fernando, announced the milestone and expressed appreciation to taxpayers for their contribution to the national economy.

“I am pleased to inform you that the Inland Revenue Department proudly marks the achievement of collecting over rupees one trillion in tax revenue as of May 18, 2026, strengthening the country’s financial stability and public services,” the statement said.

The Commissioner General also extended gratitude to citizens who fulfilled their tax obligations through direct and indirect tax payments.

“I extend my sincere thanks to all esteemed citizens who fulfilled their duty toward the country and contributed to this achievement by paying taxes directly and indirectly,” the statement added.

The IRD noted that the revenue milestone underscores the importance of tax compliance in supporting government expenditure, economic recovery efforts and the delivery of essential public services.

Continue Reading

News

India–Sri Lanka Business Forum highlights new momentum in trade, investment and connectivity

Published

on

From Left: Manish Mohan, Vishal Kamat, Anurag Agarwal, Dr Rajesh Ravindra Gawande, Mahishini Colonne, Krishan Balendra, Duminda Hulangamuwa, Priyanga Wickramasinghe, Shiran Fernando

The Ceylon Chamber of Commerce, in partnership with the Confederation of Indian Industry (CII), organised the India–Sri Lanka Business Forum: Partnering in Sri Lanka’s Growth and Investment and the CII – Ceylon Chamber CEOs Interaction, in Mumbai, on 13 May, 2026. The events brought together senior government representatives, industry leaders, policymakers, and business delegates from India and Sri Lanka to deepen economic engagement and explore new avenues for cooperation across priority sectors.

The discussions reflected growing optimism about India-Sri Lanka economic relations and focused on expanding collaboration in trade, investments, connectivity, tourism, renewable energy, logistics, digital transformation, infrastructure, healthcare, education, manufacturing, and technology.

Participants included Mahishini Colonne, High Commissioner of Sri Lanka to India; Duminda Hulangamuwa, Senior Economic Advisor to the President of Sri Lanka; Dr Rajesh Ravindra Gawande, Secretary (Protocol, FDI, Diaspora & Outreach) and Chief of Protocol, Government of Maharashtra; Priyanga Wickramasinghe, Consul General of Sri Lanka in Mumbai; Krishan Balendra, Chairperson, The Ceylon Chamber of Commerce and Chairperson, John Keells Holdings PLC; Anurag Agarwal, Co-chairman, CII Western Region Sub-committee on International Trade & Investment and Chief Executive Officer, Polycab India Ltd;  Vishal Kamat, Chairman, CII Western Region Sub-Committee on Tourism and Hospitality and Executive Director, Kamat Hotels India Ltd; Bingumal Thewarathanthti, Vice Chairperson of the Ceylon Chamber and CEO Standard Chartered Bank Sri Lanka, Vinod Hirdaramani – Deputy Vice Chairperson of the Ceylon Chamber and Chairman Hirdaramani Group, and Mr Shiran Fernando, Secretary General & CEO of the Ceylon Chamber.

Welcoming the delegates, Anurag Agarwal, highlighted the growing momentum in India–Sri Lanka economic relations and the emergence of future-oriented sectors driving bilateral cooperation.

He noted that India and Sri Lanka are at an important phase of economic collaboration, where connectivity, investments, innovation, and sustainable partnerships are creating new opportunities for shared growth. He further emphasised the significant potential for deeper engagement in sectors such as renewable energy, tourism, ICT, logistics, digital services, healthcare, manufacturing, education, and infrastructure.

Agarwal also stated that improved maritime connectivity, ferry services, enhanced air links, and digital payment integration are strengthening ease of doing business and regional commerce. He reiterated CII’s commitment towards facilitating greater business-to-business engagement, investment partnerships, and sectoral cooperation between India and Sri Lanka.

Addressing the forum, the High Commissioner of Sri Lanka to India, Mahishini Colonne said, “The sectors represented here – renewable energy, infrastructure, technology, tourism, financial services, logistics, manufacturing and digital innovation – reflect where the next phase of India-Sri Lanka economic cooperation will increasingly be shaped. This is not simply about increasing trade volumes.  It is about building long-term partnerships, joint ventures, regional value chains, technology collaborations, skills partnership and stronger private sector connectivity between our two countries”.

Duminda Hulangamuwa, Senior Economic Advisor to the President of Sri Lanka, stated that “Sri Lanka has shifted from economic stability to growth. As we shift into a sustainable growth path, India will be a key partner in our efforts to drive trade, investment and tourism. We invite investment from India into high growth sectors such as transport and logistics, digital services, tourism and high-value manufacturing.”

Speaking during the forum, Krishan Balendra, Chairperson, The Ceylon Chamber of Commerce and Chairperson, John Keells Holdings PLC, said “At the Ceylon Chamber of Commerce, we see our role as going beyond facilitation. We aim to be an active catalyst and bridge, bringing together businesses, enabling partnerships, and supporting investment flows that contribute meaningfully to Sri Lanka’s economic transformation. Sri Lanka is now pivoting towards a growth oriented future. In this context, India is not just a neighbour, but a critical partner.”

The discussions during the forum reflected strong optimism regarding the future of India-Sri Lanka economic relations and highlighted opportunities arising from enhanced maritime and air connectivity, digital payment systems, energy cooperation, and logistics integration. The role of tourism, people-to-people linkages, skilling, sustainability, and technology partnerships also featured prominently during the deliberations.

The forum witnessed active participation from industry leaders representing sectors including infrastructure, hospitality, logistics, renewable energy, pharmaceuticals, ICT, manufacturing, financial services, and trade facilitation. Business networking interactions and B2B engagements enabled delegates to explore potential collaborations and investment opportunities.

Delivering the concluding remarks, Vishal Kamat, Chairman, CII WR Sub-Committee on Tourism & Hospitality and Executive Director, Kamat Hotels India Ltd, stated that the India–Sri Lanka partnership is entering a new era driven by trust, resilience, connectivity, and shared regional aspirations. He underlined the important role of industry in translating opportunities into actionable partnerships and reaffirmed CII’s commitment towards supporting sustained economic engagement between both countries through policy advocacy, business delegations, CEO interactions, and investment facilitation initiatives.

The India–Sri Lanka Business Forum concluded with strong optimism regarding the future of India-Sri Lanka economic relations and a shared commitment to deepen private sector engagements, strengthen regional connectivity and build long-term strategic partnerships that contribute to inclusive and sustainable regional growth.

Continue Reading

Trending