7Prof. Nalin de Silva, in his latest article, shared on social media, underscored the need to thoroughly examine what he called grave disclosure made by Speaker Abeywardena, pertaining to Western and Indian role in ousting President Gotabaya Rajapaksa. Sri Lanka’s former Ambassador to Myanmar, during Gotabaya Rajapaksa’s Presidency, explained how those who manipulated the crisis […]

Tuesday 26th March, 2024 Former President Maithripala Sirisena, who declared last Friday that he was aware of the identity of the mastermind behind the Easter Sunday terror attacks, made a statement to the CID yesterday. His political opponents are baying for his blood; among them are those who were in the Yahapalana government at the […]

President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]

Sri Lanka strongly condemned the dastardly terrorist attack which occurred at the Crocus City shopping center in Moscow, Russia causing tragic loss of civilian lives and injury.  The Sri Lanka Foreign Ministry said that such cowardly acts of violence against civilians are abhorrent and have no place in civilized society. The Government and the people […]

Sri Lankan Prime Minister Dinesh Gunawardena will visit China, his country’s biggest bilateral lender, next week, Beijing’s Foreign Ministry said Friday, according to AFP. “At the invitation of Premier Li Qiang of the State Council, Prime Minister of Sri Lanka Dinesh Gunawardena will pay an official visit to China from March 25 to 30,” Foreign […]

After constructive discussions in Colombo, IMF Senior Mission Chief Peter Breuer and Deputy Mission Chief Ms. Katsiaryna Svirydzenka issued the following statement: “The IMF team reached staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 […]

… corruption cited as one of the three issues faced by the country Japanese Ambassador Hideaki Mizukoshi Thursday (21) urged Sri Lanka to turn the continuing economic, political and social crisis into an opportunity to achieve success. The Ambassador said that the country should take advantage of the continuing external pressure to adopt reforms, build-up […]

Sri Lanka is close to finalising a debt treatment plan with India and the Paris Club, sources familiar with the negotiations said, pointing to a likely moratorium of up to six years and a reduced interest rate during the repayment period.The post Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories...

Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article IV Consultation. This was stated by Mr. Peter Breuer, IMF Senior Mission Chief during […]

The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March […]

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...

The Civil Aviation Authority of Sri Lanka (CAASL) is scheduled to host the Eighth International Cooperation Forum (ICF) of the European Air Safety Agency (EASA), starting from today (19) to Thursday (21) at the Hilton, Colombo. It is the first time an EASA conference is being held in Sri Lanka, said EU Coordinator Romaney Laurancehewa. The three-day event will see the […]

By Meera Sirinivasan Sri Lanka has received a stock of bomb squad equipment through a grant from the Chinese military, the Sri Lankan army has said. The Chinese Ambassador in Colombo Qi Zhenhong handed over the Explosive Ordnance Disposal (EOD) equipment to the Secretary to Sri Lanka’s Ministry of Defence General Kamal Gunaratne (Rtd) in a ceremony held […]

ECONOMYNEXT –State-run Ceylon Electricity Board is losing qualified engineers at an alarming rate, after a currency collapse and new progressive taxes slapped on the debased salary, and they are not coming back, union officials said. Ceylon Electricity Board has a cadre of around 1,000 engineers but they have been usually managing with lower levels of […]