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Patients hit in the stomach as cash-strapped state hospitals struggle to give free meals

Jun 18 (ST) Providing daily healthy meals to patients is becoming a challenge for state hospitals due to cost-cutting measures and supplier issues, leaving patients with no option but to eat whatever is given. Many patients have less visitors and less home cooked meals coming their way due to the prevailing economic crisis. “I have an elderly wife and a sick grownup child at home. Both are unable to come visit me with prepared meals. more..

Shares post worst weekly loss in seven weeks on economic, political woes

Jun 18 (EN) Stocks posted its worst weekly loss in seven weeks during the week ended on Friday and suffered its third weekly slip as political and economic worries dented investor sentiment, brokers said. The week ended on June 17 saw growing fuel queues forcing the govt to declare restricted public service for two weeks starting from June 20. Analysts said the move will slow the businesses because govt approvals for private sector businesses could face delays due to. more..

Licence of 3 fuel trucks suspended: Kanchana

Jun 18 (NR) Minister Kanchana Wijesekera said the licence of three fuel trucks have been suspended with immediate effect. He said the suspension was enforced by CEYPETCO and Lanka IOC pending further investigations into 3 Incidents reported on social media pertaining to illegally unloading fuel. Meanwhile, LIOC revealed that strict measures will be taken against unethical fuel distribution. A vehicle was seen obtaining jerry cans of fuel directly from a LIOC fuel bowser along Marine Drive. more..

Schools in Colombo city limits closed next week

Jun 18 (AD) All govt and govt-approved private schools within the limits of Colombo city will be closed from Monday (20), says the Secretary to the Ministry of Education, M.N. Ranasinghe. The decision was taken in view of the issues that emerged in transportation due to the shortages of fuel. However, all rural schools, which do not face such challenges, are allowed to continue to deliver in-class lessons at the discretion of more..

Rice must be sold under controlled price from tonight: Dudley Sirisena

Jun 18 (DM) All rice varieties should be sold under the govt approved controlled price from tonight, the President of Rice Millers Association Dudley Sirisena said today. Mr Sirisena is also the Chairman of the world renowned Araliya Group of Companies. In a press conference today, he said that all rice millers should release their stocks to the market at the control price. He requested the rice retailers not to accept any stock less than the controlled price with immediate effect. more..

IMF team in Sri Lanka from June 20-30; reaffirms support within its policies

Jun 18 (EN) An IMF team will visit crisis-hit SL to discuss on an economic programme and the global lender has reaffirmed its commitment to support the island nation during the ongoing economic crisis in line with the IMF’s policies, a spokesman for the global financial institution said. SL has to re-structure its foreign debt, or make substantial progress before the IMF lends money. The island nation has already hired financial and legal advisors to help SL with debt re-structuring. more..

පොලීසියට ජේම්ස් බොන්ඩ්වගේ හැසිරේන්න බැහැ

‘Former CEB Chairman’s claim should be investigated’

Jun 18 (Island) SJB MP, S.M Marikkarhas called for an investigation on the former CEB Chairman MMC Ferdinando who recently claimed that Prez Rajapaksa had told him that the Indian PM asked him to grant the contract for an energy project to India’s Adani Group. Marikkar said that Sri Lanka would be in deep trouble if India stopped providing fuel. Ferdinando’s claim had already created a diplomatic issue, the SJB MP said. “Now, Ferdinando has resigned but he can’t be more..

Cardiac surgeons, anesthetics to limit operations from Monday

Jun 18 (DM) The cardiac surgeons and cardiac anesthesiologists at national hospitals have claimed that they have decided to curtail several operations from Monday due to the shortage of drugs and consumables and the fuel crisis. A letter in this regard was issued recently and mentioned that the crisis has continued to escalate. Most petrol and diesel service stations are refusing to give priority to doctors and healthcare staff due to public anger. Therefore, they restricted cardio-thoracic more..

Sri Lanka’s inflated car prices plunge as interest rates rise

Jun 18 (EN) Sri Lanka’s overheated vehicle market has begun cooling after the Central Bank doubled its benchmark lending rates fuelling leasing rentals sharply, dealers said. Vehicles advertised on-line were quoted at about a million rupees less than a month ago. The asking price of a popular Wagon R 2014 model has come down to around 4 million rupees from five million. Bigger cars are seeing a bigger decline. more..

SLC clarifies rumours on selling fuel at R. Premadasa Stadium premises

Jun 18 (AD) Sri Lanka Cricket (SLC) today addressed the speculations in circulation on social media with regard to the sale of fuel from within its premises at the R. Premadasa Int'l Cricket Stadium. The cricket body dismissed the rumour as completely baseless and untrue stressing that it is in no way engaged in storing and selling fuel to the public. The statement issued by the SLC read: “Sri Lanka Cricket maintains a stock of fuel at the RPICS, Colombo, purchased from a LIOC more..

PM committed not to leave any Lankan hungry

Jun 18 (FT) PM Ranil Wickremesinghe yesterday said that it is his policy not to leave anyone hungry in the face of the food crisis. Speaking at a meeting of the Committee on Food Security at the PM’s Office the PM said that although the food crisis could directly affect 4 million to 5 million Sri Lankans in the future, steps would be taken to control it. PM instructed the officials to pay more attention to the children and the elderly in particular. PM also directed the appointment of a committee more..

කෘෂිකර්ම ඇමති අමරවීර ගොවි විරෝධය මැද පලා යයි

Myths and madness

Jun 18 (FT) There are truly crazy people around and they abound! And too many occupy seats of power which leaves one confounded, perplexed and vexed, in equal order. This is partially because they are endowed with any legitimacy by us. And in retrospect, our collective judgment has clearly been enfeebled. Crazy people create crazy policies. The US has just removed all COVID related restrictions for travel, but still insists only vaccinated travellers can enter the US! more..

Are our politicians true leaders?

Jun 18 (FT) Most individuals make the error of judgement, thinking that a politician is a magic formula for a leader. What do I mean? Leaders listen for what people need and show them the way; they are problem solvers. Unfortunately, the democratic institution that we have around the world is flawed, because the system that we have produces politicians not leaders. It doesn’t produce genuine leaders and so you can have a politician who knows nothing about leadership and he’s leading you more..

State sector to limit cadre for two weeks

Jun 18 (CT) The operation of State Institutions, schools and certain other entities will be limited for two weeks applicable from Monday (20) owing to the raging fuel and economic crisis. A circular has issued on Friday (17) to limit the number of State Sector employees reporting to work for two weeks from Monday (20). Circular directed Secretaries to Ministries, Provincial Heads and Heads of Depts, to decide on the number of employees required more..

JVP willing to compromise, if …

Jun 18 (Island) Leader of the JVP Anura Kumara Dissanayake has said that they are willing to join an all-party govt, established for a specific period and objectives.The JVP leader said that the 21st Amendment gave more power to the PM. Thus, the term of the current administration must end within a short time after 21A is passed, he said. “After a short period, an election must be held to appoint a new govt and a PM,” Dissanayake said. He said so during a meeting with Collective for Reform. more..

Aeroflot willing to resume flights to Colombo if Sri Lanka gives assurance

Jun 18 (DM) Russia-based carrier Aeroflot is willing to resume flight operations to SL if the govt assures that its aircrafts will not be detained again. SL Ambassador in Russia Janita Liyanage said that the airline authorities had informed her of their willingness to restart flights between Colombo and Moscow upon assurance from the SL side. Russian flag carrier suspended commercial flights to Colombo after a leased aircraft operated by the airline was grounded in C'mbo on court order. more..

මේ තෙල් අර්බුදය සති දෙකෙන් විසඳන්න පුළුවන්

Half of food budget at Colombo Port spent on cashew

Jun 18 (Island) Minister Nimal Siripala de Silva said that half of the food budget at the Colombo Port is spent on cashew. Minister has thus instructed officials to find an alternative to cashew, given how expensive it is. Minister said that he was notified of this when he inspected the Colombo Port’s kitchen. Cost of an average meal at the Port costs about Rs. 450. Minister also said companies which had not been registered with Colombo Port as suppliers had been providing substantial amounts of food. more..

Adani Group to explore floating solar and wind power potential in SL’s territorial waters

Jun 18 (DM) India’s largest private thermal power operator, Adani Group has secured permission to explore floating solar and off-shore wind power generation potential in SL’s territorial waters bordering the Northern Province. According to the MOU signed between Adani Green Energy Ltd, unit of Adani Group, and the SL State entities last year, Adani is expected to conduct a comprehensive feasibility study into the possibility of generating floating solar, off-shore wind power more..

SriLankan to be privatised as a joint venture

Jun 18 (CT) Minister Nimal Siripala de Silva said SriLankan Airlines will be privatised as a joint venture. However, the total management of the company would not be handed over to a foreign country and SL would play a part in the management, he said. Govt is reportedly looking for a joint venture with China’s Hainan Airlines, Japan’s All Nippon Airways (ANA), or Air India. Immediately after the appointment, PM said more..

MPBCs under Rs 100M after 66 days

Jun 18 (CT) Govt of SL at least theoretical money printing borrowing costs (MPBCs) fell under Rs 100 million for the first time after 66 days to Thursday (16), led by sustained uncertainty, where investors continued to seek comfort in low returns, but riskless, Treasury (T) Bonds and T-Bills, rather than invest in the high returns private sector, engine of growth. Consequently, GoSL’s MPBCs fell for the eighth consecutive market day to Thursday, once more steeply by 2.25% (Rs 2,286.28 m) more..

Apeksha Hospital Services face collapse

Jun 18 (CT) The prevailing fuel crisis in the country could lead to the collapse of services at the Apeksha Hospital, Maharagama for patients suffering from cancer, Dr. Kanishka de Silva lamented. Long hours that the surgeons and other theatre and hospital staff have to spend in queues, due to the fuel crisis, could result in these services shutting down. Surgeons, especially those who have to use their private transport to reach the hospital have to stay for 13-14 hours in fuel queues to obtain fuel. more..

Remittances down 33.9% in May

Jun 18 (CT) Worker remittances, SL’s largest foreign-exchange earner, posted a decline, for the 12th consecutive month in May this year, as migrant workers only sent home USD 304.1 million during the month, down 33.9% from USD 460.1 million a year earlier. During the first five months of this year, migrant workers sent home USD 1,335.6 million, down 53.1% from USD 2,845.9 million sent during the same period last year. more..

Senura Silva hopes to win a gold at South Asian Games

Jun 18 (DN) Senura Silva the 16-year-old National TT champion from Ananda College is performing well these days in USA during his training period. As soon as he finished the O/L exam Senura went to USA for higher training which is coordinated by former National TT champion Thilina Piyadasa who is presently based in California with his family doing TT coaching as well. Senura is training at Samson Dubina Educational TT Academy under chief coach Samson Dubina. more..

South Korea pledges support to Sri Lanka’s efforts to overcome economic crisis

Jun 18 (FT) South Korean Ambassador to Sri Lanka Jeong Woonjin has said that the South Korean Govt will extend its fullest support to Sri Lanka’s in its efforts to overcome the current economic crisis. The Ambassador made these remarks when he called on President Gotabaya Rajapaksa on Thursday. The President conveyed congratulations to the newly elected President Yoon Suk-Yeol and his party People Power Party for its resounding victory at the recent elections. more..

ශ්‍රිලනිප විශේෂ මාධ්‍ය හමුව

TISL files petition in SC demanding accountability for economic crisis

Jun 18 (FT) Transparency International SL (TISL) and three individuals yesterday filed a fundamental rights petition in the Supreme Court calling for action against persons responsible for the current economic crisis in SL. Attorney General, former PM Mahinda Rajapaksa, former Finance Minister Basil Rajapaksa, former Central Bank Governor Ajith Nivard Cabraal, former Secretary to the Treasury S.R. Attygala and PM Ranil Wickremesinghe are among 13 respondents named in the petition. more..

Minagi sets new record in women’s 1500 freestyle

Jun 18 (Island) 16 year old Minagi Rupasinghe set a new Sri Lanka national record in the women’s 1500-meter freestyle event at the 46th National Age Group Aquatic Championships 2022 held recently.Minagi, who represented Killer Whale Aquatics and coached by Manoj Abeysinghe, clocked an impressive timing of 19:14.97 minutes to bag her first national record. She holds the junior national records for 100-meter and 200-meter backstroke events and 400-meter Individual medley. more..

Education sector facing serious crisis in present climate, senior officials tells COPA

Jun 18 (FT) Ministry of Education Secretary M.N. Ranasinghe told the COPA recently that the education sector as a whole has entered a very serious and complex position and managing it in the current economic crisis is more challenging than during the pandemic situation. He made the remarks at a special meeting of the COPA chaired by MP Tissa Vitarana to examine the future plans in the education sector to overcome the setbacks more..

Manufacturing and services sectors outlook bleak for next three months: PMI survey

Jun 18 (FT) The country’s manufacturing and services sectors reported mixed results in May but the duo’s outlook remains bleak as per the latest Purchasing Managers Index (PMI). The Manufacturing PMI recorded an index value of 50.3 in May 2022, with an increase of 13.9 index points from the seasonally low value in the month of April. “The slight edging up of the PMI was mainly due to the recovery of Employment and the lengthening of Suppliers’ Delivery Time,” Central Bank said. more..

Premajayantha leads delegation to Asia Pacific Regional Education Minister’s parley

Jun 18 (FT) Minister of Education Susil Premajayantha led the SL delegation to the second Asia-Pacific Regional Education Minister’s Conference (APREMC-II), from 5 to 7 June, in Bangkok. The conference, held in hybrid mode under the theme of Education Recovery and Transformation towards more Responsive, Relevant and Resilient Education Systems: Accelerating Progress towards SDG 4 – Education 2030, was attended by Ministers of Education from more..

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CEAT pits its motorcycle tyres against competitors at Indian test track

Jun 18 (FT) A series of gruelling field tests commissioned by CEAT Kelani Holdings for some of its top-selling motorcycle tyres has concluded that they hold their own against those of the two biggest competing brands, one from SL and the other from India. The benchmarking exercise was conducted at India’s state-of-the-art National Automotive Test Tracks (NATRAX) of National Automotive Testing and R&D Infrastructure Project (NATRiP) in Indore and at CEAT India’s corporate R&D facility more..

Economy on the edge: Survey

Jun 18 (FT) In its June edition, business magazine LMD says there’s “no hope of respite from floating rupees, fiscal storms and wolves at the door”, noting that the May LMD-NielsenIQ Business Confidence Index (BCI) survey provides some valuable insights. “The newly appointed prime minister brought in mixed feelings along with mistrust and speculation. The worsening economic situation… and the PM announcing to the nation to tighten belts even further in the next three months has led to more..