Tuesday 6th June, 2023 Most people are labouring under the misconception that every prospect pleases in this country and only politicians are vile. Hence the unprecedented rise of anti-politics during the past several years and the demand that all 225 MPs go home. It is popularly thought that all we need to do is to […]

Its MD says. ‘go abroad only if you can work hard’ Siraj Manpower Services, one of Sri Lanka’s leading foreign employment agencies, was honoured with the Three-Star Award at the ‘Golden Awards’ 2023, organised by the Sri Lanka Bureau of Foreign Employment (SLBFE). This award ceremony was organised to honour foreign employment agencies that have […]

Representing Sri Lanka at the 14th International Infrastructure Investment and Construction Forum (14th IIICF) Friday (02), Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva said that under the leadership of President Ranil Wickremesinghe, the government was dedicated to driving the digitalization initiative forward under name ‘DIGIECON 2030’, signifying a pivotal step towards [&#...

The fourth session of the Joint Commission between Sri Lanka and the Maldives will be held from 06 - 07 June 2023 at the Ministry of Foreign Affairs in Colombo.

Addressing the National Law Conference yesterday (03), President Ranil Wickremesinghe revealed that Sri Lanka’s next country assessment on Anti-Money Laundering and Countering the Financing of Terrorism will commence soon. The assessment holds immense significance as it directly impacts the country’s ease of doing business rating and its ability to attract foreign investments.    

By Rose Kenny During his recent visit to Japan, President Ranil Wickremesinghe highlighted the country’s resolute tilt towards Asia, signalling a strategic shift in its foreign policy. Building on the government’s vision to elevate Asia as a global centre of economic integration, President Wickremesinghe’s address at the Nikkei Forum, Future of Asia, outlined his vision for the region. This inclin...

John Keells Holdings PLC, the biggest market capitalized conglomerate quoted on the Colombo Stock Exchange, hopes to soon finalize an agreement with a leading international gaming operator to let out space in its new Cinnamon Life complex, considered the single largest private sector investment in the country, JKH Chairman Krishan Balendra said. In the recently […]

The Lankan economy is showing tentative signs of improvement, in part due to the implementation of critical policy actions, says Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF) issuing a statement at the conclusion of his visit to Sri Lanka. However, the economic recovery remains challenging and it is essential to continue […]

President Ranil Wickremesinghe has conveyed his heartfelt condolences to the Prime Minister and the people of India following the tragic multiple-train collision in Odisha state, which resulted in a significant loss of lives and numerous injuries.

China would like Sri Lanka to enjoy economic recovery and the improvement of its people’s lives, Vice Minister of Foreign Affairs of the People’s Republic of China, Sun Weidong, told the media following his meeting with Ven. Thibbatuwawe Sri Siddhartha Sumangala Thera, Mahanayake of the Malwatta chapter of Siam Nikaya. “China and Sri Lanka are […]

State Finance Minister Ranjith Siyambalapitiya yesterday announced the easing of import restrictions on approximately 300 to 400 items from next week.This decision is a direct result of the improved availability of US dollars, he said. During a media conference, in Ruwanwella, Minister Siyambalapitiya explained that the initial import restrictions were imposed due to the shortage […]

Thousands of ethnic minority Muslims surrounded a mosque in southwestern China over the weekend in a last-ditch effort to prevent what they said was an attempt by authorities to remove its dome and minarets, as a crackdown on religious freedoms widens. The apparent alteration of a mosque belonging to the Hui ethnic group in Najiaying village, Yunnan […]

The Monetary Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively, CBSL said in a statement on Thursday. The decision was taken at […]

The Colombo Consumer Price Index (CCPI) indicates that Sri Lanka’s inflation rate had eased to 25.2 percent in May from 35.3 percent in April, the President’s Media Division (PMD) said on Wednesday. This reduction in inflation provides some relief to the crisis-hit economy, which has been severely impacted by a foreign exchange crisis, leading to […]

Friday 2nd June, 2023 Long lines of vehicles suddenly appeared near filling stations yesterday, evoking dreadful memories of a dark era and causing public panic. Pumps had run dry at most fuel depots, and people had to wait for hours to obtain petrol and diesel. Minister of Power and Energy Kanchana Wijesekera hurriedly issued a […]

By Shyam Nuwan Ganewatta Sri Lanka’s economy would recover at a rapid pace in the second half of 2023, Central Bank Governor, Dr. Nandalal Weerasinghe said yesterday addressing a press conference in Colombo.Dr. Weerasinghe also said that the inflation would drop to a single digit by the end of July 2023. Strict fiscal and monetary […]