Sri Lanka

The pitches utilized in the T20 World Cup matches played in New york city have not depended on standard and ground personnel are dealing with correcting them for the rest of the competition, the International Cricket Council (ICC) stated on Thursday. The momentary Nassau County International Cricket Stadium has actually hosted 2 games so far, both of which were low-scoring encounters due to the nature of the drop-in pitch which has actually made batting very hard due to the movement and bounce. Fans expecting a run-fest were left dissatisfied when Sri Lanka were bowled out for 77-- their least expensive...

Sri Lanka's parliament approved a law on Thursday to bring in investment in eco-friendly energy and lower losses in its staterun power monopoly steps it had actually committed to in a $2.9 billion IMF programme. The 225 lawmakers approved the new legislation with a. bulk of 44 votes, Speaker Mahinda Abeywardena stated. Power and Energy Minister Kanchana Wijesekera told. parliament the Electricity Bill would make the Ceylon. Electricity Board (CEB) monopoly more lucrative and bring in. investment to the renewables sector. Sri Lanka has set a target of producing 70% of its power. through renewables by 2030. It is estimated...

China's Sinopec published an 8.9% decline in its firstquarter earnings, as rising raw products expenses and more competition hurt its petrochemical organization, balancing out greater fuel sales and oil costs. China Petroleum & & Chemical Corp as Sinopec is officially known, reported on Sunday an earnings of 18.32 billion yuan ($ 2.53 billion) in between January and March, according to a filing with the Shanghai stock exchange based upon Chinese accounting standards. The refining giant stated crude oil costs have actually changed upwards, and domestic demand for natural gas, fine-tuned oil products and petrochemical items grew compared to a year...

C hinese state energy huge Sinopec is pushing for greater access to Sri Lanka's market, where rival India is likewise seeking to expand its existence, as it aims to construct its very first fullycontrolled abroad refinery, reflecting a modification in the firm's international method to make up for slowing need growth in the house. Sinopec, the world's biggest oil refiner, is anticipated to finish a feasibility study by June for a plant at the Chinese-run Hambantota port, after winning Colombo's approval last November, 2 senior market sources with direct knowledge of the matter told . While the China-based sources say...

President Luiz Inacio Lula da Silva canceled a meeting on Sunday evening with members of his cabinet that could have chosen whether to replace the chief executive of Brazil's staterun oil firm Petrobras , two sources told . On Sunday, reported that the ministers of Finance and of Mines and Energy, Fernando Haddad and Alexandre Silveira, along with Lula's chief of staff, Rui Costa, had actually been summoned to the conference at the presidential residence, the Alvorada Palace. The conference would have taken place after a week of speculation that Petrobras CEO Jean Paul Prates would be replaced. On Thursday,...

Sri Lanka's government will propose an 18% cut in electricity prices for households on Thursday, a top authorities stated, aiming to alleviate high living expenses for millions residing in the grip of the nation's worst monetary crisis in years. The island nation of 22 million individuals is coming to grips with a. serious scarcity of forex reserves that pressed its. economy into freefall in 2022, shrinking it by 7.8% that year. Sri Lanka increased power costs by 75% in September 2022. and by another 66% in February 2023 to fall in line with energy. price changes needed under a $2.9...

President Luiz Inacio Lula da Silva called a conference on Sunday night with three cabinet ministers that could pick whether to change the chief executive of Brazil's staterun oil business Petrobras Jean Paul Prates, 2 sources told . The ministers of Finance, Fernando Haddad, of Mines and Energy, Alexandre Silveira, and Lula's chief of staff, Rui Costa, were summoned to the meeting at the governmental house, the Alvorada Palace, according to the sources who asked to remain confidential. The meeting happens after a week of speculation that Prates would be changed. On Thursday, federal government sources stated the resignation of...

The world's biggest refiner, China's Sinopec, plans to begin deal with a. refinery in Sri Lanka by June, the power minister said on. Thursday, advancing a job allocated as the biggest. investment in the crisishit island country. Sri Lanka is seeking to draw in financial investment in the fight to. stabilise its economy and return to growth following a monetary. crisis brought on by a severe shortage of dollars in 2022 that led. the economy to agreement 2.3% last year. Authorities of Sinopec Overseas Financial Investment Holding are. visiting Colombo for talks with Sri Lankan authorities. The authorities suggested that...

Sri Lankan shares closed lower on Monday, dragged by financials and customer staples stocks. * The CSE All Share index settled 0.69% lower at 12,235.14 points, it lost 1.6% recently. * LOLC Finance and LOLC Holdings were the top losers on the benchmark index, falling 4.5% and 2.3%,. respectively. * Sri Lanka's brand-new economic improvement law will be. provided to parliament this week and will consist of measures to. bring in investors and increase performance, the country's state. minister of financing stated on Monday. * Trading volume on the CSE All Share index fell to 53.9. million shares from 82.8...

A. buzz saw gnashed against metal pipes in one corner of a. spacious storage facility being built in the foot hills of Jerusalem. Far on the other side of the dim hall, two workers grapple with. a pit of unfinished flooring. All the rest is void. Simply 25 employees now toil on the three-story building, where. six months earlier they numbered 125. The missing out on workers are among some 200,000 Palestinians who. utilized to commute daily from the West Bank, along with 18,500 from. Gaza, all now locked out of Israel because the start of the Gaza. war over...