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A suspect who was transferring 2,000 foreign cigarettes for sale was apprehended in a coordinated operation conducted by the Sri Lanka Navy and Police in Colombo 11 on Wednesday (May 31).
President Ranil Wickremesinghe making a special statement to the nation reiterated his commitment to prevent any regression of the country to its previous state and his determination to transform Sri Lanka into a fully developed nation by 2048. The President explained at length the measures taken by the government in the past nine months to […]
Sri Lanka's key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on Wednesday, reducing some stress on the crisis-hit economy.The post Sri Lanka’s key inflation rate eases to 25.2% in May appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Central Bank of Sri Lanka has relaxed its monetary policy stance in line with the faster than expected slowing of inflation. The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate […]
The House of Representatives has approved a deal to allow the US to borrow more money, days before the world’s biggest economy is due to start defaulting on its debt. The measure passed the chamber by a vote of 314-117, with defections on both sides of the aisle. The US Senate must vote on the […]
The level of gross official reserves is estimated to have surpassed USD 3 billion as of 31 May 2023, the Central Bank of Sri Lanka (CBSL) says.
Sri Lanka has sought to expand its exports to China particularly Ceylon cinnamon, seafood, fruits and vegetables and gemstones. China and Sri Lanka, this week, successfully concluded the 12th round of Diplomatic Consultations between the two countries. The consultations were co-chaired by Secretary Ministry of Foreign Affairs of Sri Lanka Aruni Wijewardane and the Vice […]
by Dr D. Chandraratna Ever since President Ranil Wickremesinghe announced his desire to use Artificial intelligence (AI) to develop all sectors, from banking to agriculture, in Sri Lanka several correspondents have enthusiastically endorsed those sentiments in the print media. There is no gainsaying that technology has already made huge inroads into our lives, the latest […]
By Prasanna Brahmana in Bangkok Prime Minister Dinesh Gunawardena arrived in Bangkok, Thailand, yesterday (May 31), to attend the United Nations (UN) Vesak Day celebration. The PM was warmly received at the airport by the Senior Director General of the Thai Foreign Ministry, other officials, and Sri Lanka Ambassador Chaminda Kolonne. Thailand is hosting a […]
Executive Secretary of the Comprehensive Nuclear Test-Ban Treaty Organization (CTBTO) Dr. Robert Floyd arrived in Colombo yesterday (31) . Floyd is scheduled to conclude his visit on June 04th. The following is the text of Foreign Ministry statement: “During the visit, Dr. Robert Floyd is scheduled to pay courtesy calls on the President, Minister of […]