Zero chance for illegal migrants, says Australia’s new Minister for Home Affairs

Minister of Foreign Affairs of Sri Lanka Prof. G. L. Peiris held a meeting with Australia’s Minister for Home Affairs, Clare O’Neil MP during her visit to Colombo, Sri Lanka, from 19 to 21 June 2022. This is the first overseas visit Minister O’Neil has undertaken as the Home Affairs Minister reflecting the importance Australia places […]

Flights between China and Sri Lanka to increase

It has been decided to increase the number of flights between China and Sri Lanka. Accordingly, China will operate three flights to Sri Lanka from this week. SriLankan Airlines too offers frequent flights to China. This was revealed by the Chinese Ambassador to Sri Lanka Qi Zhenhong when he paid a courtesy call on President […]

VIDEO: Bloomberg Surveillance – Will the Fed Trigger a Recession?

The U.S. Central Bank’s decision to implement the steepest rise in interest rates for nearly 30 years will have a ripple effect across the world. In its bid to combat soaring inflation the Federal Reserve’s move is likely to roil the U.S. mortgage industry making an already highly stressful process even more difficult for would-be […]

Steps to decentralize all government services at district and divisional levels: President

President Gotabaya Rajapaksa has stated that there is a timely need to decentralize all public services at the district and divisional levels similar to the work-from-home concept. Department of Registration of Persons, Department of Immigration and Emigration, Department of Motor Traffic and other state institutions can be further decentralized at the district and divisional levels […]

Plans afoot to expedite final stage water supply projects

Plans are afoot to complete the work on large and small scale water supply projects which are in the final stages of construction in order to vest with the public. It was also decided to resolve the issues related to those projects as soon as possible. These were stated at the progress review meeting of […]

Statement from SriLankan Airlines on Flight UL 504

SriLankan Airlines would like to address the reports currently circulating on media about flight UL 504 avoiding a possible mid-air collision with another aircraft. SriLankan Airlines confirms that its pilots operating UL 504, which departed from London to Colombo on 13 June 2022, were able to safely commandeer the flight without an incident. Contrary to […]

Fitch Ratings Raises its Oil and Gas Price Assumptions

Fitch Ratings has increased its oil and gas price assumptions due to trade flows disruptions and redirection and higher post-pandemic demand. Fitch Ratings Content: Our raised oil price assumptions reflect disruptions of established supply channels and growing oil demand. The EU has banned seaborn imports from Russia, so it will have to replace about a […]

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