Bakery owners decide to increase price of bread

Chinese yuan weakens to 6.7290 against dollar

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 156 pips to 6.7290 against the US dollar Wednesday, according to the China Foreign Exchange Trade System. In China?s spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, according to Xinhua News Agency. As per the news agency, the central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market m

12 May, 2022

President tells Sajith it is too late now

President Gotabaya Rajapaksa has told Opposition Leader Sajith Premadasa that he will not reverse the decision to appoint Ranil Wickremesinghe as Prime Minister. Responding to a letter sent by Premadasa, the President said that the post was initially offered to Premadasa but he had rejected it. The President had also recalled that Premadasa had told reporters that he will not accept the Prime Minister post as long as he (Gotabaya Rajapaksa) is President. President Goatabaya Rajapaksa said tha

12 May, 2022

CWC offers fullest cooperation to RW to address issues

The Ceylon Workers’ Congress (CWC) has offered its fullest cooperation to Prime Minister Ranil Wickremesinghe to address critical issues in the country. CWC General Secretary Jeevan Thondaman extended his wishes to Ranil Wickremesinghe on being appointed as the new Prime Minister. “However, there are many issues that need to be addressed without delay and I assure the fullest cooperation of the Ceylon Workers’ Congress in your effort to overcome those issues and stabilise our nation,” he tweet

12 May, 2022