The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF). The program will allow Sri Lanka to access financing of up to US$ 7 billion from the IMF, International Financial Institutions (IFIs) and multilateral organizations. This is a historic milestone for the country […]

Mumbai Indians were given a rude awakening by a dominant Delhi Capitals as the top of the table clash turned out to be a one-sided affair on Monday (March 20). MI, who won five in a row to stay at the top, were dethroned as a result by a resurgent DC who have now edged […]

Aljazeera reported that European Union (EU) ministers have agreed on a two-billion-euro ($2.14bn) plan to raid their own arsenals and jointly purchase ammunition for Ukraine. EU defence and foreign ministers backed an initiative aimed at providing Ukraine with one million artillery shells in the next 12 months as well as replenishing EU stocks during a […]

BBC reported that media tycoon Rupert Murdoch has announced his engagement to his partner Ann Lesley Smith, a former police chaplain. Murdoch, 92, and  Smith, 66, met in September at an event at his vineyard in California. The Businessman told the New York Post,one of his own publications: “I dreaded falling in love – but […]

The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced.

The Executive Board of the International Monetary Fund (IMF) has approved the Extended Fund Facility to Sri Lanka at its board meeting held today, according to State Minister of Finance Shehan Semasinghe.

The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board.

Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout.

Half-centuries from Grace Harris and Tahlia McGrath powered UP Warriorz into the playoffs as they secured a three-wicket victory in a high-scoring thriller against Gujarat Giants at the Brabourne Stadium on Monday (March 20). UPW went past GG’s total off 178 off the penultimate ball, thus knocking out the Giants and Royal Challengers Bangalore in […]

UN chief Antonio Guterres says a major new report on climate change is a “survival guide for humanity”. Clean energy and technology can be exploited to avoid the growing climate disaster, the report says. But at a meeting in Switzerland to agree their findings, climate scientists warned a key global temperature goal will likely be […]

BBC reported that Thailand’s king has dissolved parliament, paving the way for a general election in early May. Prime Minister Prayuth Chan-ocha’s new conservative, royalist party faces a strong challenge from the Pheu Thai party, led by exiled former PM Thaksin Shinawatra’s daughter Paetongtarn. Prayuth, who led a 2014 coup against the last pro-Thaksin government, […]

The Secretary to the Treasury has informed the Board of Directors of Sri Lanka Telecom PLC (SLT) and Lanka Hospitals PLC that the Cabinet of Ministers has granted approval in principle for the divestment of the stakes held by the Treasury Secretary in the two companies.

Three Fundamental Rights (FR) petitions filed requesting the annulment of former President Gotabaya Rajapaksa s decision to pardon former MP Duminda Silva, who was convicted and sentenced to death over the murder of Bharatha Lakshman Premachandra, have been taken up for hearing once again today (March 20) before the Supreme Court.

The appeals filed by the defendants who were given the death penalty over the 2015 abduction, gang rape and murder of schoolgirl Sivaloganathan Vidya, seeking their acquittal from the sentences imposed on them, has been fixed for hearing by the Supreme Court.

The 18 Hairpin Bends (Daha Ata Wanguwa) section of the Kandy - Mahiyanganaya Road will be closed for traffic from 8.00 p.m. to 5.00 a.m. daily until further notice, the Ministry of Highways announced.

Aljazeera reported that Chinese President Xi Jinping has arrived in Moscow for a state visit in a show of support for an increasingly isolated Russia Xi and Russia’s Vladimir Putin published separate articles on Monday; Xi said China’s proposal to end the Ukraine crisis reflects global views as Putin said he had high hopes for […]

Aljazeera reported that a manhunt for a hardline Sikh preacher in India has entered its third day as authorities shut mobile internet in the whole of Punjab state and arrested more than 100 of his supporters. Amritpal Singh, 30, rose to prominence in recent months demanding the creation of Khalistan, a separate Sikh homeland, and […]