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CEB’s solar allergy during solar festival

Daily FT

|

April 17, 2025

WHEN the islanders are celebrating the traditional solar festival, the CEB has appealed to all rooftop solar system owners across the country to voluntarily switch off their systems during daytime hours from 13 to 21 April. CEB Media Spokesman Eng. Dhammike Wimalaratne had explained that the request was made due to the extended holiday period and prevailing sunny weather.

According to the state electricity utility, the national electricity demand has declined with the economic activities coming to a halt due to the long holiday seasonal while the high contribution from renewable energy sources is placing significant stress on the national power grid. A previous nationwide power outage on a Sunday in February has been cited as a possible cause behind the CEB’s recent request to rooftop solar system owners. From last Thursday evening onwards, the utility had disconnected supply from rooftop units of 100kW and above that operate on net plus and net plus plus contracts.

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Insurance industry gets Rs. 92 b worth of Ditwah-related claims

Treasury says over 24,000 insurance claims received, settlements monitored by regulator Claims worth Rs. 47 b already settled, claims amounting to Rs. 45 b being processed

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Apparel exporters welcome post-SVAT VAT refund gains

SLAEA Chairperson Rajitha Jayasuriya says most qualified apparel exporters already received October and November VAT refunds earlier than expected Commends collaboration between IRD, Presidential Task Force and industry, but stresses need for consistent performance Calls for faster rollout of e-invoicing across value chain, adherence to true risk-based audits for large refunds

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CSE ends week on new high, less than 50 points from 24,000 mark

THE Colombo stock market ended the week on a new year high with the benchmark index 43.49 points away from the 24,000 milestone.

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Daily FT

Non-traditional markets drive tourism growth in 2025

Unconventional markets outpace traditional ones in YoY growth, showing diversification Pakistan, Bangladesh, Italy, Malaysia and Netherlands show notable YoY growth in 2025 Strongholds like India, Russia, UK, Germany, France and China post moderate growth rates

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Dr. T.B. Jayah, the National Hero

DR. T.B. Jayah devoted his entire life for his community and the Nation in the struggle for obtaining Independence to Ceylon, to forge National Unity and communal harmony among all citizens to develop the educational standard of the whole country by whole heartedly supporting the policy making and implementation of he Reforms enunciated by the Board of Education ofthe State Council under the leadership of the Father of Free Education, Dr. C.W.W. Kannangara, and particularly to improve the overall standard of the Muslim community by providing political leadership, educational direction and the path for social regeneration.

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CSE, SEC hold Investor Forum in Dubai

AN investor forum organised by the Colombo Stock Exchange and the Securities and Exchange Commission was held in Dubai on Thursday at the Sheraton Grand Hotel.

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Rebuilding Sri Lanka Fund exceeds Rs. 8.5 b, aid goods Rs. 23 b

Treasury Secretary says overwhelmed by the scale of support

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Investing into an authentically sustainable planet

IT is only the bones that remain of over 600 humans.

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Vampire film Sinners breaks Oscar nominations record

VAMPIRE horror film Sinners has broken the record for the most Oscar nominations received by a single film, after being nominated for 16 of Hollywood's most coveted honours.

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