Tag: SL Government
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Government allay public fears of unbearable electricity tariff hike
Following the Indo-Lanka plan of setting up a power transmission link between the two neighbours and, the government is to go all out to implement a cost -reflective Electricity Tariff Formula based on which the tariff will be increased or decreased.
Hedge funds holding up vital debt relief for crisis-hit Sri Lanka
Some of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline stance in debt-relief negotiations after the Asian country’s US $51 billion default last year, according to 182 economists and development experts from around the world.
Colombo Lotus Tower records revenue of Rs268 million in 3 months
Colombo Lotus Tower project incurs Sri Lanka US$113 million in maintenance reportedly huge and annual revenue is estimated at present at around $8.2 million.
Government calls for tenders to import eggs to tackle steep price rice
The Government has taken difficult but essential action to import eggs calling tenders from today (Monday 09) to bring down a steep rise in the price unbearable for low and middle income consumers amidst divergent views and bickering of producers and suppliers to the local market.
Sri Lanka Business Confidence drops by around 40 percent
Sri Lanka Business Confidence dropped by 39.6 % in Nov 2022, compared with a decrease of 44.0 % YoY in the previous month. Census and Economic Information Center (CEIC) announced.