By Hiran H.Senewiratne Gloom surrounded the stock market yesterday due to political uncertainties stemming from the no-confidence motion against the Speaker of Parliament Mahinda Yapa Abeywardena and continuing speculation over elections. Consequently, negative investor sentiments manifested themselves. Amid those developments both indices moved downwards. The All Share Price Index went down by 64...

Sri Lanka Navy says 05 Indian trawlers were seized and 32 Indian fishermen were apprehended for poaching in Sri Lankan waters off Talaimannar and near the Delft Island during separate operations conducted to chase away Indian poaching trawlers from Sri Lankan waters.

Sri Lanka Cricket has denied that they exploited any loopholes after the Wanindu Hasaranga Test ban fiasco has grabbed the headlines in recent times.

State Minister of Finance Shehan Semasinghe states that over the next couple of months Sri Lanka will seek to make further progress on debt restructuring whilst completing some IMF programme prior actions, with a view to obtaining approval of the IMF Executive Board, enabling the release of its next tranche of funds.

Acknowledging that the independence of the Central Bank of Sri Lanka (CBSL) is an absolutely key pillar under its program, the International Monetary Fund (IMF) has said that it is important to maintain a high degree of transparency to explain how the CBSL s decisions are benchmarked.

The  08th EASA  International Cooperation Forum (ICF) jointly hosted by the Civil Aviation Authority of Sri Lanka (CAASL) and the European Union Airline Safety Agency (EASA) themed ‘Joining forces for a safer and greener aviation worldwide’ was held at the Hilton Colombo from  19th to 21st of March 2024. The ICF, which was first held […]

The Governor of the Central Bank of Sri Lanka (CBSL) has informed the Committee on Public Finance (COPF) today (March 21) that they accepted all recommendations from COPF report on salary revisions, the Chairman of the COPF, MP Dr. Harsha de Silva said.

The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Sri Lanka covering the period 2024Â2028. The strategy will focus on restoring the country s macroeconomic stability, reviving growth, and establishing the foundation for sustainable recovery and resilience.

The Central Bank of Sri Lanka (CBSL) has raised concerns about the recent trend of using currency notes to prepare ornaments and gift items and promotion of such activities through social media.

IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the second review of the 4-year EFF-supported program and the 2024 Article IV Consultation.

The Indian government has agreed to provide a grant of USD 61.5 million to fully develop the Port of Kankesanturai (KKS), Indian High Commissioner to Sri Lanka, Santosh Jha has said.

President Ranil Wickremesinghe has unveiled immediate plans to swiftly develop the Mahaweli A and B zones, previously overlooked by the Mahaweli project, as part of the nation s transition towards a modern agricultural economy.

Chairman of Airport and Aviation Services (Sri Lanka) Ltd., Athula Galkatiya, remarked that the arrival of foreign tourists has risen owing to President Ranil Wickremesinghe’s economic initiatives and the peaceful environment fostered within the country.The post Bandaranaike International Airport experiences significant increase in passenger traffic appeared first on ONLANKA - Sri Lanka Latest Bre...

In the sun-kissed paradise of the Maldives, where azure waters meet golden shores, a cloud of uncertainty looms over the political landscape. President Mohamed Muizzu, once hailed as a beacon of hope for the nation’s future, now finds himself navigating treacherous waters, buffeted by the winds of discontent and economic strain. The recent opening session […]

The visiting delegation of the International Monetary Fund (IMF) has met with Sri Lankan Opposition Leader Sajith Premadasa at the parliament complex on Wednesday (March 20).

Global investors and Sri Lanka officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, according to people familiar with the matter. The nation s dollar bonds rose.

Sri Lanka Police says that a total of 19 individuals directly linked to the underworld have been arrested thus far under the special operation launched against organized crime and the underworld in parallel to the ongoing Yukthiya anti-drug operation.