Sri Lanka’s Government appears increasingly upbeat about its chances of receiving International Monetary Fund board approval for a $2.9 billion bailout by December, but the multilateral lender has cautioned that the time frame remains uncertain, and much depends on discussions with the heavily indebted country’s creditors. Peter Breuer, senior mission chief for Sri Lanka, and […]
Sri Lanka today appealed to the creditors and stakeholders to help put the country back on the path of inclusive and sustainable economic growth. Addressing the 55th Annual Meeting of the ADB Board of Governors in the Philippines, President Ranil Wickremesinghe said that amidst major economic stress, Sri Lanka is undertaking an unprecedented fiscal effort […]
The Philippines and Sri Lanka are to further strengthen bilateral relations between both countries. President Ranil Wickremesinghe said that the long-standing friendship between Sri Lanka and the Philippines would be promoted by developing Asian regional cooperation. The President said this during his meeting with the President of the Philippines, Ferdinand R. Marcos Jr. in Manila […]
Colombo Mayor Rosy Senanayake has objected to the name “Hellfire” being used for a music festival to be held near the Lotus Tower. The Colombo Municipal Council (CMC) has given approval for the concert to be held tomorrow (Friday) but has instructed the organisers not to display the name “Hellfire”. The organiser of the concert, […]
It has been decided to appoint two sub-committees related to national policies and economic stabilization in the inaugural meeting of the National Council , held with the participation of the ruling party and the opposition parliamentarians.