Addressing a special press briefing on COP28 held at the Presidential Media Centre (PMC) this morning (29) , Minister of Foreign Affairs Ali Sabry said that President Wickremesinghe  will propose the launch of the Climate Justice Forum, the Tropical Belt Initiative and the establishment of a Climate Change University in Sri Lanka. In addition to […]

Addressing the 2023 Sri Lanka Economic Summit, President Ranil Wickremesinghe has declared the imperative need for radical economic restructuring to ensure the sustainability of the country s economy.

The Sri Lanka Foreign Employment Bureau (SLFEB) has contributed a total of Rs.7 billion to the Treasury this year, with the formal presentation of a Rs.4 billion cheque presented to President Ranil Wickremesinghe by Minister of Labour and Foreign Employment, Manusha Nanayakkara, this afternoon (29) at the Presidential Secretariat.

The Sri Lankan government has announced that it has reached an agreement in principle with its Official Creditor Committee (OCC) on the financial terms of a debt treatment.

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 […]

The Official Creditor Committee (OCC) has confirmed its agreement in principle on specific financing terms to restructure Sri Lanka s debt in line with the parameters set in the IMF program, Finance State Minister Shehan Semasinghe says.

Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday.

A proposal is to be presented to the next meeting of the Cabinet of Ministers, stipulating the duration of the tenure of the Inspector-General of Police (IGP), sources told Ada Derana.

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.

The Outgoing Indian High Commissioner to Sri Lanka Mr. Gopal Baglay has called on Speaker of the Parliament Mahinda Yapa Abeywardena on Tuesday (28) in Parliament.

A group of Sri Lanka s creditor nations are likely to reach an agreement on debt relief and an extension of repayment deadlines for the South Asian nation, Japan s Jiji News reported on Wednesday, without naming a source or giving any details.

The Netherlands has returned six Sri Lankan colonial-era artefacts looted by the Dutch to Sri Lanka after more than 200 years. MORE.

Wednesday 29th November, 2023 The SLPP-UNP government finds itself in the same predicament as the proverbial cat that defecated on a rock and struggled to cover the stinking mess. Having sacked Sports Minister Roshan Ranasinghe for taking on Sri Lanka Cricket (SLC) officials and ruffling the feathers of some members of President Ranil Wickremesinghe’s kitchen […]

Two new mine clearing projects Japan this week provided additional USD 729,925 (approx. Rs. 238 million) for Mines Advisory Group (MAG) and the HALO Trust engaged in mine clearing operations in former war zones, according to a statement issued by the Japanese Embassy. The grant contracts for two new demining projects under “Grant Assistance for […]

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 […]

By Rathindra Kuruwita The Cabinet of Ministers has approved the signing of a loan agreement with the Asian Development Bank to borrow 60 million US dollars to complete the Integrated Road Investment Program (IRIP), cabinet spokesman Bandula Gunawardena told reporters on Tuesday. Addressing a press conference, Gunawardena said the IRIP was implemented using loan funds […]

Member of Parliament Dr. Nalaka Godahewa says that even in this budget, the President’s plan to break a part of the opposition has failed. He said so at a recent press conference held at the Nawala office of the Freedom Janata Sabha on the budget and the current political situation. “We are in temporary relief […]

State Minister of Finance Shehan Semasinghe yesterday (28) said that investigations were still continuing into the alleged disappearance of Rs. 5 million from the Central Bank of Sri Lanka (CBSL). The State Minister stated that the CBSL initiated an internal investigation into the matter, while the Criminal Investigation Department (CID), too, initiated a separate probe. […]

The Department of Immigration and Emigration announced on Tuesday (28) that the visa fee has been waived for residents of China, India, Indonesia, Russia, Thailand, Malaysia, and Japan visiting Sri Lanka, with immediate effect. In a statement, the Department said that this scheme is valid until March 31, 2024, and that this is a pilot […]