The United States has welcomed the in-principle agreement reached between Sri Lanka and the Official Creditor Committee (OCC) on specific financing terms to restructure the island nation s debt in line with the parameters set in the International Monetary Fund (IMF) program.

Sri Lanka s in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.

Five companies volunteer to participate in the project By Sanath Nanayakkare Grievance handling in Human Resource Management (HRM) refers to the process by which employee complaints, concerns, or disputes are formally addressed and resolved. The goal is to provide a structured channel for employees to express their concerns or report issues they are facing in […]

By Rathindra Kuruwita The Department of Census and Statistics plans to complete the listing phase of the 15th housing and population census by December 2023, Director of the Department Dr. Chandani Wijebandara said. She said that a census was conducted in four stages. The first stage is the census mapping which subdivides the country into […]

The French Development Agency’s (Agence Française de Développement also known as AFD) Regional Directorate is strengthening its base in Sri Lanka in line with the commemoration of 75 years of diplomatic relations between Sri Lanka and France. It also marks the enduring partnership between AFD Group and its Sri Lankan partners, which began in 2005 […]

by Rex Clementine   Members of the national selection panel are set to be the first casualties post World Cup in which the national cricket team had a disastrous campaign. Despite Sri Lanka finishing ninth in the ten-team event and failing to qualify for the Champions Trophy, none holding key positions within the national cricket […]

By Hiran H. Senewiratne The trading activities at the Colombo Stock Exchange witnessed a positive trend yesterday after a negative streak in the past few days, following the much anticipated debt restructuring deal between Sri Lanka and its official creditors. “The Official Creditor Committee (OCC) and Sri Lanka agreed on the main parameters of a […]

The national cricket team will be involved in ten Test matches next year touring England, South Africa and Bangladesh while hosting Afghanistan and New Zealand. The tour of England is significant in many ways as this is the first time they will be playing a three Test series in England since 2011. Since Sri Lanka […]

In a media release issued today (29) Sri Lanka Cricket (SLC) has announced its Men’s future tours program for 2024. Sri Lanka will commence their 2024 international calendar with a white-ball home series against Zimbabwe in January, which will consist of three ODIs and as many T20Is. This will be closely followed by the arrival […]

Pastor Jerome Fernando has arrived in Sri Lanka early this morning (29) from the Bandaranaike International Airport (BIA) in Katunayake, a spokesperson from the Department of Immigration and Emigration has said.

SLPP leader Mahinda Rajapaksa yesterday (28) hit back at critics, claiming that a robust economy had been built under his presidency. He said the UNP-SLFP government which ruled the country during the 2015-2019 period should be held responsible for the current economic crisis. The following is the text of a statement, titled ‘the origins of […]

Last week, we delved into a significant event in New Zealand, where a group of affluent individuals expressed a willingness to voluntarily pay more taxes, only to have the tax authority reject their offer. This incident prompts questions about the fairness of the current tax system, particularly in relation to the lower tax rates paid […]

An estimated 10% of girls are married before the age of 18 in Sri Lanka, as the Muslim Marriage and Divorce Act (MMDA) does not set a minimum age for marriage enabling any Muslim Quazi (judge) to even authorise the marriage of girls under the age of 12, says a report published by the World Organization against […]

Six Lankan artefacts will be returned to Sri Lanka by the Netherlands during a two-day event at the Colombo National Museum. Issuing a statement, the Netherlands Embassy in Colombo said during a high-level state visit in August, Dutch State Secretary Gunay Uslu formally signed an ownership transfer of six Sri Lankan artefacts that were taken […]

By Hiran H.Senewiratne ‘Since local inflation has declined faster than expected, the CBSL Monetary Board has decided to reduce policy interest rates by 100 basis points to enable the economy to reach its true potential, CBSL Governor Dr. Nandalal Weerasinghe said at the monthly monetary policy review meeting held on November 24th at the Central […]