The International Monetary Fund (IMF) says despite early signs of stabilization, full economic recovery in Sri Lanka is not yet assured. Growth momentum remains subdued, with real GDP in the second quarter contracting by 3.1 percent on a year-on-year basis and high-frequency economic indicators continuing to provide mixed signals. Reserve accumulation has also slowed in […]
Sri Lanka is to create cities that never sleep by revising certain regulations in an attempt to boost tourism. Minister of State for Tourism Diana Gamage said that the country has plans to launch promotional campaigns aimed at attracting 1.5 million foreign tourists to Sri Lanka by the end of this year. She emphasized the […]
The United States (US) says it is dedicated to safeguarding security in Sri Lanka’s ports and aviation sectors. The US Ambassador to Sri Lanka, Julie Chung tweeted saying she met with the Minister of Ports, Shipping and Aviation Nimal Siripala De Silva today (Wednesday). The Ambassador said that at the meeting they discussed Sri Lanka’s […]
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
Sinopec is to operate 200 filling stations in Sri Lanka, the company said after announcing its official entry into Sri Lanka’s dynamic fuel retail market. Sinopec announced its official entry into Sri Lanka’s dynamic fuel retail market at a felicitation event for local distributors held in Colombo. This momentous occasion also marked the commencement of […]
President Ranil Wickremesinghe left for Germany early this morning (27) to participate in the Leaders Dialogue session, the inaugural event of the ‘Berlin Global Dialogue.’ This global high-level forum gathers influential decision-makers and leaders from the realms of politics, business and society, alongside young visionaries. At the Dialogue’s commencement, President Wickremesinghe is slated to ...
The International Monetary Fund (IMF) mission team concluding its visit to Sri Lanka said that despite early signs of stabilization, full economic recovery is not yet assured.The post Despite signs of stabilization, full economic recovery not yet assured – IMF Mission appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund s (IMF) Senior Mission Chief for Sri Lanka, Peter Breuer stated that there is no fixed timeline for the disbursement of the second tranche of the IMF s Extended Fund Facility (EFF) to Sri Lanka and that two important things are needed to be satisfied for the matter to be fulfilled.
Some members on the committee of Sri Lanka s official creditors are pushing to reach a deal to restructure the nation s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter.
A cabinet paper pertaining to the tax-free importation of vehicle parts for one company registered under the Board of Investment (BOI) has reportedly been submitted, the Vehicle Importers Association of Sri Lanka claimed.
A group of Tamil asylum seekers stranded on a tiny British territory in the Indian Ocean have won their fight against being forcibly returned to Sri Lanka after a Government climbdown. The group are on Diego Garcia, part of the Chagos Islands, which the UK calls the British Indian Ocean Territory (BIOT) and over which […]
The officers of the Narcotics Control Unit of Sri Lanka Customs have detained five passengers at the arrival terminal of the Bandaranaike International Airport (BIA) in Katunayake for attempting to smuggle a stock of gold biscuits and jewellery into the country, early this morning (27).
Sri Lankan President Ranil Wickremesinghe left for Germany this morning (September 27) for a four-day state visit.The post Sri Lankan President leaves for Germany appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
A train derailed on the coastal line between Kollupitiya and Bambalapitiya this morning (September 27), causing a delay in operations on the coastal line, the Railways Department said.The post Trains delayed on coastal line due to derailment near Kollupitiya appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
England claimed a 1-0 ODI series win against Ireland in farcical circumstances after the third ODI at Bristol was abandoned 31 overs into the first innings due to rain, with water also getting onto the pitch. England had reached 280 for 4, with Ben Duckett striking a maiden ODI ton to build on a fast […]
An Airman has been killed and another injured following an explosion at the Sri Lanka Air Force (SLAF) Field Firing Range in Kandakuliya, Kalpitiya a short while ago (September 26), Sri Lanka Police said.The post Airman killed, another injured in explosion at Kandakuliya Air Force Training Camp appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall concerns IMF team – sources appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stor...
The United States Agency for International Development (USAID) handed over a consignment of 4,700 MT of soya beans and maize to Sri Lanka Thriposha Ltd, to support the continuation of the Thriposha fortified food programme. The United Nations World Food Programme (WFP) facilitated the handover at a special event held at the Thriposha factory. This […]
Foreign Minister Ali Sabry on Monday (25) said that terrorists had found safe haven in Canada and the Canadian Prime Minister Justin Trudeau had come out with the outrageous allegations against India without any proof. Sabry was reacting to the ongoing diplomatic row between India and Canada. Speaking exclusively to ANI, Sabry said he was […]
India consulted, concerns raised by US Foreign Minister Ali Sabry, PC, has denied that the government granted permission for Chinese research vessel Shi Yan 6 to visit the Colombo port late next month. Sabry told the media in New York on Monday (26) that Colombo had not given permission for the Chinese vessel to dock. […]
The Trincomalee Magistrate’s Court yesterday (26) prohibited the commemoration of LTTE cadre ‘Thileepan’ who died on 26 Sept., 1987, during a fast against the IPKF. The court order came as several events were scheduled to be held in Trincomalee yesterday. The Trincomalee Court banned any sort of celebrations, demonstrations, parades or protests commemorating Thileepan in […]
Two Sri Lankans have surrendered to the Malaysian police over the killing of three Sri Lankans in Sentul, Kuala Lumpur, Malaysian media reported yesterday (26) Malaysian police last Friday (22) found the bodies of three men piled up on top of each other, with their limbs tied and heads covered in plastic bags, at a […]
About 40 Foreign Direct Investment (FDI) contracts suspended due to the economic crisis would be re-contracted as foreign investors had expressed their willingness to do so, Investment Promotion State Minister Dilum Amunugama said on Monday (25) in Kandy. Amunugama said the government expected to attract about 2 billion US dollars this year as FDIs. The […]
The ‘INFOTEL Information Technology Exhibition,’ orchestrated by the Federation of Information Technology Industry Sri Lanka (FITIS), is scheduled to take place at the Bandaranaike International Conference Hall in Colombo from November 3rd to 5th. This event aligns with President Ranil Wickremesinghe’s initiative to modernize Sri Lanka through digitization.