The momentous event of the week-ended-today was the presentation of Budget 2024 by the President in his capacity as the Minister of Finance. Usually, Sri Lankan Presidents keep away from Parliament; not Ranil Wickremesinghe, and a jolly good move it is. The Island of Tuesday November 14 headlined the VI Event as: “Prez presents Budget […]

By Saman Indrajith TNA Jaffna District MP M.A. Sumanthiran told Parliament on Wednesday that Rajapaksa brothers had enough money to compensate 22 million people in the country.  Participating in the second reading debate on Budget 2023, MP Sumanthiran said that his party welcomed the Supreme Court determination that ex-President Gotabaya Rajapaksa, along with former Finance […]

By Uditha Devapriya Interactions are about connections. Connections are not always about commonalities. After all, it is not just commonalities that are celebrated, it is also differences. There are many ways of celebrating differences, many ways of affirming them. The Interact Movement in Sri Lanka is now almost 60 years old. The Interact Club of […]

Friday 17th November, 2023 Sri Lanka’s economic crisis has eclipsed most other crucial issues, especially relentless attacks on the people’s democratic rights and freedoms. A group of academics has, in a letter published on the opposite page, condemned one such incident. Human rights lawyer

The Supreme Court today (Nov.14) ruled that former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa and former Minister Basil Rajapaksa and several others are responsible for the economic crisis that Sri Lanka is grappling with.

Budget highlights Following are the highlights of Budget proposals made by President Ranil Wickremesinghe in Parliament yesterday: New economic and political system The President said in order not to fall back into a crisis, the economic and political system of Sri Lanka must be created anew

* Tax revenue to be raised by 47.1% in 2024 * Rs 10,000 increase for public sector workers * Pensioners to get Rs 2,500 allowance * Rs. 450 bn reserved for bank recapitalization * Four new universities to be established * 20% of state banks to be given off by Saman Indrajith President Ranil Wickremesinghe, […]

As cricket in Sri Lanka is currently facing an institutional crisis and a shortage of talent Rs. 1.5 billion is to be allocated from the 2024 budget for the development of school cricket and for providing necessary facilities to cricket players at the provincial level. Schools and provinces

The Sri Lankan Head of the State, delivering the 2024 budget proposal to the Parliament, stated that an additional allocation of Rs. 55 billion will be directed towards completing projects that were temporarily halted due to the economic crisis and to provide necessary provisions for other capital

Ranil Wickremesinghe in his Diwali message said that the nation is gradually embarking on a path of illuminated development and called upon everyone to unite and steer Sri Lanka towards being a developed country by 2048. The full text of the Presidents message: Greetings to all Hindu devotees of Sri Lanka on this auspicious occasion […]

The World Bank’s Board of Executive Directors on Thursday approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector. “Sri Lanka’s economic crisis highlights the need for strong safety nets to support the financial sector. Stable and reliable banking

ECONOMYNEXT –Amid speculation of a widening rift within the ruling Sri Lanka Podujana Peramuna (SLPP) over its political future, the main opposition Samagi Jana Balawegaya (SJB) has called the SLPP’s bluff, challenging it to defeat the upcoming budget if they want an election. Former SJB MP Mujibur Rahuman said the SLPP can defeat the upcoming […]

There was an international conspiracy to ban cricket in Sri Lanka, Opposition leader Sajith Premadasa told Parliament on Friday. “All MPs agreed that high officials of Sri Lanka Cricket (SLC) must go home. This is a symbolic gesture. We must take concrete steps to send this group of crooks home. What is the process of […]

Saturday 11th November, 2023 The incumbent office-bearers of Sri Lanka Cricket (SLC) are facing a seemingly insurmountable obstacle in their path in the form of a resolution Parliament unanimously passed on Thursday, calling for their ouster. This is something unprecedented, and different interpretations of the resolution have been made. The SLC administrators have chosen to […]

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President Ranil Wickremesinghe on Thursday said he did not support any faction vying for power of Sri Lanka Cricket. During a meeting with government MPs at parliament, the President added that his intention was to protect cricket in Sri Lanka. Laws governing the sport had to be overhauled he said, noting that the Chitrasiri Report […]