Sri Lanka survived an almighty scare as they scraped past Netherlands by 21 runs to kickstart their Super Six campaign on a nervy but winning note. It was a victory built on the back of a career-best 93 from Dhananjaya de Silva and a backs-against-the-wall bowling effort led by the excellent Maheesh Theekshana, who picked […]

The Ceylon Petroleum Corporation (CEYPETCO) has revised fuel prices with effect from midnight on Friday.

The Sri Lanka Bureau of Foreign Employment (SLBFE) has announced the revised fees charged from migrant workers and overseas employment agencies, which will be in effect from July 01.

The Public Utilities Commission of Sri Lanka (PUCSL) has approved the electricity tariff revision of the Ceylon Electricity Board (CEB) with effect from tomorrow (July 01).

The Central Bank (CBSL) says the country s trade deficit in May 2023 widened, compared to a year ago, for the first time since February 2022 while the cumulative trade deficit remained modest so far during 2023.

Sri Lanka s headline inflation, as measured by the Year-on-Year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI), eased to 12.0% in June 2023, compared to the previous month.

The party leaders have decided to debate the Domestic Debt Optimization (DDO) program in the parliament tomorrow (July 01). The debate will be held from 9.30 a.m. to 7.30 p.m.

President Ranil Wickremesinghe has expressed confidence that Sri Lanka would overcome its bankruptcy status by this September.

Prime Minister Dinesh Gunawardena says that despite the Western countries continuing to smear the Belt and Road Initiative (BRI) as a Âdebt trap, China is focusing on its own development path by moving forward step by step while helping other countries to create success stories of their own.

Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender’s board, comes after an eight-month delay. The South Asian nation is facing its worst economic crisis since independence from Britain in 1947. To help secure […]

Lanka Sathosa has reduced the prices of three types of rice.

Air Marshal Udeni Rajapaksa assumed duties as the 19th Commander of Sri Lanka Air Force (SLAF) today.

China has invested a lot in Sri Lanka in recent years and Sri Lanka looks forward to expanding the mutually beneficial partnership, Ali Sabry, Sri Lanka s minister of foreign affairs, told the media during his visit to China.

Banks, which pay taxes over 50%, least affected By Sanath Nanayakkare If the Employees’ Provident Fund (EPF) and other pension funds did not wish to participate in the proposed domestic debt restructuring process, there will be an application of higher annual income tax of 30%, Central Bank Governor Dr. Nandalal Weerasinghe said yesterday. The EPF […]

The World Bank yesterday (28) approved USD 700 million in budgetary and welfare support for Sri Lanka.This is the biggest funding infusion into the country since the International Monetary Fund (IMF) bailout package approved in March. Through this funding, the World Bank said it aims to help Sri Lanka implement foundational reforms that restore macroeconomic stability and sustainability, mitigate ...

By Emeritus Professor Asoka Nugawela (Former Director, Rubber Research Institute of Sri Lanka) A new addition to the list of economically important diseases affecting natural rubber cultivations in the country is Circular Spot Leaf Disease (CLSD). It is also known as Pestalotiopsis Leaf Disease (PLD). This fungal disease was first reported in Sri Lanka in […]

The muted, panicked voice came through the phone of a friend who croaked she was very confidentially warning Cassandra and advising her. Yours truly was immediately panic infected. With deep emphasis and concern the friend took her time to advise that Cass withdraws all money from banks. Cass was for once glad she was poor […]

By Chaminda Silva SriLankan Airlines and Fits Air operating international flights from here, have sought permission to hire foreign pilots, Civil Aviation Authority of Sri Lanka Director General and Chief Executive Officer P. A. Jayakantha said addressing an event at the Aviation Authority Both airlines have a serious shortage of pilots, he said.A large number […]

Friday 30th June, 2023 The government’s domestic debt restructuring plan is being revealed in dribs and drabs, and the public will have to wait until the weekend, when it is scheduled to be presented to Parliament, to see what it is really like. The Opposition has predicted doom, and the government has sought to make […]

A Sri Lankan national implicated in a theft case in Subic on 19 June 2023 has been arrested by the Bureau of Immigration (BI) of Philippines, local media reported.Identified as Mifras Mohamed Mohamed Munawfer, 28, the said alien was ordered arrested for violation of the conditions of his stay and undesirability. BI Commissioner Norman Tansingco […]

iPhone exports from India touched a record ₹10,000 crore in May, boosting the outward shipments of smartphones from the country to ₹12,000 crore during the month, according to industry data. Indian officials hope to use Apple’s deepening India engagement as an example to convince other US companies such as Tesla to shift their supply chains […]