Connect with us

News

50% of jobs in the export sector at stake due to the proposed electricity tariff hike

Published

on

The Free Trade Zone Manufacturers Association (FTZMA) warned that Sri Lanka’s exporters would be compelled to cut the workforce by 30%-50% as a result of the proposed 60% hike in electricity tariffs this month. 

The proposed electricity tariffs are scheduled to be presented to the Cabinet on the 2nd  of this month. This is the second electricity tariff hike in less than six months. The government in August last year increased the electricity tariff by 76% percent.

According to reports, the country’s SME exporters are faced with a total collapse and the large-scale exporters are witnessing a 30% drop in export orders due global economic slowdown. 

The FTZMA  Secretary Dhammika Fernando said that the country’s export sector risks a total collapse due to the proposed hike in electricity tariffs and foreign exporters could relocate their operations to other countries that present much more attractive prospects. 

The FTZMA along with other associations representing apparel exporters have already warned of the consequences to the President. Further, they have also held discussions with the Minister of Power and the Chairman of the Public Utiiris Commission (PUCSL). However, the Minister of Power hasn’t responded positively to the pleas of the exporters. Meanwhile, PUCSL Chairman Janka Rathnayake opined that there’s no requirement tariff hike. 

Fernando urged the government to focus on minimizing corruption and waste at the Ceylon Electricity Board (CEB) instead of moving ahead with the proposed electricity tariff hike which could cripple the entire export sector.

According to Rathnayake, the PUCSL was yet to receive any proposals for a hike in electricity tariffs. He stressed that the electricity tariffs can not be increased based on various assumptions.

Source- Deshaya

News

Iranian President Ebrahim Raisi killed in helicopter crash, official says

Published

on

By

Iranian President Ebrahim Raisi and his foreign minister were killed in a helicopter crash in mountainous terrain and icy weather, an Iranian official said on Monday, after search teams located the wreckage in East Azerbaijan province.

“President Raisi, the foreign minister and all the passengers in the helicopter were killed in the crash,” the senior Iranian official told Reuters, asking not to be named because of the sensitivity of the matter.

Iran’s Mehr news agency confirmed the deaths, reporting that “all passengers of the helicopter carrying the Iranian president and foreign minister were martyred”.

An Iranian official earlier told Reuters the helicopter carrying Raisi and Foreign Minister Hossein Amirabdollahian was completely burned in the crash on Sunday.

State TV reported that images from the site showed the aircraft slammed into a mountain peak, although there was no official word on the cause of the crash.

State news agency IRNA said Raisi was flying in a U.S.-made Bell 212 helicopter.

Raisi, 63, was elected president in 2021, and since taking office has ordered a tightening of morality laws, overseen a bloody crackdown on anti-government protests and pushed hard in nuclear talks with world powers.

Iranian Supreme Leader Ayatollah Ali Khamenei, who holds ultimate power with a final say on foreign policy and Iran’s nuclear programme, had earlier sought to reassure Iranians, saying there would be no disruption to state affairs.

Rescue teams fought blizzards and difficult terrain through the night to reach the wreckage in the early hours of Monday.

“With the discovery of the crash site, no signs of life have been detected among the helicopter’s passengers,” the head of Iran’s Red Crescent, Pirhossein Kolivand, told state TV.

Earlier, the national broadcaster had stopped all regular programming to show prayers being held for Raisi across the country.

In the early hours of Monday, it showed a rescue team, wearing bright jackets and head torches, huddled around a GPS device as they searched a pitch-black mountainside on foot in a blizzard.
Several countries expressed concern and offered assistance in any rescue.

The White House said U.S. President Joe Biden had been briefed on reports about the crash. China said it was deeply concerned. The European Union offered emergency satellite mapping technology.

The crash comes at a time of growing dissent within Iran over an array of political, social and economic crises. Iran’s clerical rulers face international pressure over Tehran’s disputed nuclear programme and its deepening military ties with Russia during the war in Ukraine.

Since Iran’s ally Hamas attacked Israel on Oct. 7, provoking Israel’s assault on Gaza, conflagrations involving Iran-aligned groups have erupted throughout the Middle East.

In Iran’s dual political system, split between the clerical establishment and the government, it is Raisi’s 85-year-old mentor Khamenei, supreme leader since 1989, who holds decision-making power on all major policies.
For years many have seen Raisi as a strong contender to succeed Khamenei, who has endorsed Raisi’s main policies.

Raisi’s victory in a closely managed election in 2021 brought all branches of power under the control of hardliners, after eight years when the presidency had been held by pragmatist Hassan Rouhani and a nuclear deal negotiated with powers including Washington.

However, Raisi’s standing may have been dented by widespread protests against clerical rule and a failure to turn around Iran’s economy, hamstrung by Western sanctions.

Raisi had been at the Azerbaijani border on Sunday to inaugurate the Qiz-Qalasi Dam, a joint project. Azerbaijan’s President Ilham Aliyev, who said he had bid a “friendly farewell” to Raisi earlier in the day, offered assistance in the rescue.

Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up here.

(Reuters)

Continue Reading

News

Fire breaks out in workers’ living quarters near Colombo Port

Published

on

By

A fire has reportedly broken out in the living quarters of highway access road workers near the Colombo Port.

The Colombo Fire Brigade said it has dispatched four fire trucks to assist in extinguishing the flames.

Continue Reading

News

President Wickremesinghe meets Elon Musk to discuss starlink implementation in Sri Lanka

Published

on

By

President Ranil Wickremesinghe has met with billionaire and investor Elon Musk on the sidelines of the 10th World Water Forum High-Level Meeting being held in Indonesia.

During the meeting, Wickremesinghe and Musk discussed the implementation of ‘Starlink’ in Sri Lanka.

It was emphasized that Sri Lanka is committed to expediting the application process to connect the country to the global Starlink network, according to the President’s Media Division (PMD).

Minister Jeevan Thondaman, accompanying the President on his two-day visit to Indonesia, tweeted: “President and Elon discussed Sri Lanka’s recovery, economic potential, and new opportunities for investment. Great to have two visionary leaders come together for Sri Lanka.”

Elon Musk arrived in Indonesia’s resort island of Bali on Sunday to launch Starlink satellite internet service in the world’s largest archipelago nation.

The billionaire head of Tesla and SpaceX, and owner of social platform X, arrived by private jet on the idyllic “island of the gods,” renowned for its tropical beaches, terraced rice paddies, mystical temples, and colorful spiritual offerings.

Musk is slated to launch the service alongside Indonesian President Joko Widodo in a ceremony later Sunday at a public health clinic in Denpasar, the provincial capital of Bali. 

Musk will also sign an agreement to enhance connectivity in the country’s health and education sectors.

During his first in-person visit to Bali, Musk is also scheduled to participate in the 10th World Water Forum, which seeks to address global water and sanitation challenges.

–With agencies inputs

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved