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Daily Archives: October 26, 2017

Pricing formula for fuel by March next year

The government is committed to introduce a cost-reflective pricing formula for fuel and electricity by next year, Central Bank Governor Dr. Indrajit Coomaraswamy said. “The government is now committed under the structural benchmarks of the IMF to introduce a pricing formula for fuel in March and a pricing formula for …

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Port City completes 50 percent of land reclamation: Minister

Sri Lanka’s China-funded US$ 1.4 billion real estate development, Port City project has now completed 50 percent of the land reclamation preparing a land area of 134.5 hectares out of the proposed 269 hectares. Minister of Megapolis and Western Province Development Champika Ranawaka said that all land reclamation and preparation …

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PM orders inquiry into UNP Provincial Councillor’s conduct

Prime Minister Ranil Wickremesinghe has asked UNP General Secretary Kabir Hashim to conduct an inquiry into the conduct of UNP Western Provincial Councillor Randeer Rodrigo, who has been remanded in connection with a shooting incident in Divulapitiya last Monday.   The Prime Minister emphasised that UNP members should act in …

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Thundershowers expected: Met. Department

The Inter Tropical Convergence Zone (ITCZ), the low pressure area at where the winds coming from Northern hemisphere and Southern hemisphere meet, lies over Sri Lanka and there is a high possibility for afternoon thundershowers, says the Met Department. Showers or thundershowers will occur over most parts of the island …

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