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Starlink satellite system nears approval as Musk’s representative visits Sri Lanka. Jul 15 (DM) A representative from the Starlink satellite system, founded by billionaire entrepreneur Elon Musk of SpaceX and Tesla, visited SL this week and is set to return next week to complete the final stages of obtaining the necessary licence for ...
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Jul 15 (ST) Sri Lankan banks are on high alert after international credit rating agency Fitch downgraded the Maldives in June warning that the country could be heading for a sovereign default on its foreign loans.
Inflation eases to 61% in November. Dec 1 (EN) Sri Lanka’s 12-month inflation in the capital Colombo fell to 61% in November 2022 from 66% in October as price stabilized after interest rates were allowed to go up and the exchange rate was pegged around 360 to the US dollar.
ADB approves USD 100-mln loan for power sector reforms in Sri Lanka. Jul 12 (ANI) Asian Development Bank (ADB) approved a USD 100 million policy-based loan to support and facilitate reforms in Sri Lanka, aimed particularly at enhancing the financial sustainability of the power sector in the island country. As per a release from the ADB, the ...
Sep 28 (DM) Transport Ministry and the Energy Ministry have decided to increase the transportation of fuel from 30% to 60% by train. The decision was taken following a discussion with Transport Minister Pavithra Wanniarachchi and Energy Minister Udaya Gammanpila at the Energy Ministry today.
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