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WB: Sri Lanka needs ‘robust and credible structural reforms’ Poverty in Sri Lanka has increased over the past four years, from 11 percent in 2019 to 26 percent in 2024, and the country needs ‘robust and credible structural reforms,’ says the latest report released by the World Bank. The WB report, titled ‘Sri Lanka Development […]
The government of Sri Lanka has announced that it held restricted discussions over the past three weeks (the “Restricted Period”) with nine members of the steering committee who agreed to take part in the restricted discussions (the “Steering Committee”) of the Ad Hoc Group of Bondholders (the “Group”, and together with Sri Lanka, the “Parties”) of [...
By Dr B. J. C. Perera MBBS(Cey), DCH(Cey), DCH(Eng), MD(Paed), MRCP(UK), FRCP(Edin), FRCP(Lon), FRCPCH(UK), FSLCPaed, FCCP, Hony FRCPCH(UK), Hony. FCGP(SL) Specialist Consultant Paediatrician and Honorary Senior Fellow, Postgraduate Institute of Medicine, University of Colombo, Sri Lanka. People of Sri Lanka talking about philanthropy might come as a total surprise to most of you. With all […...
The government of India has lifted the export ban on onions for Sri Lanka, with export of up to 10000 MT permitted, the Indian HC announced here on Monday. The exemption for Sri Lanka reiterated India’s Neighbourhood First policy, adding to the Sinhala and Tamil New Year festivities here, the HC said.
Sri Lanka has released 38 Indian fishermen who had been arrested while poaching in Sri Lankan territorial waters, a statement issued by New Delhi said. Indian authorities said that they were repatriated on April 3 and 16 in two batches – 19 each amidst the ongoing BJP attacks on Congress-DMK alliance over giving up Katchatheevu, […]
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) for March 2024 recorded the highest values recorded in three years, the latest data by the Central Bank of Sri Lanka (CBSL) shows. PMI – Manufacturing recorded an index value of 62.5 in March, compared to 56 in February. The CBSL said all sub-indices expanded […]
Sri Lanka informed the G-24 Finance Ministers and Central Bank Governors that the country’s economy has now stabilised. State Minister of Finance Shehan Semasinghe told the delegates during the IMF/WB Spring meetings in Washington that the growth momentum in Sri Lanka has commenced. “Highlighted the deep and wide ranging economic reform programme adopted to address […]
Mitchell Starc has continued to struggle in the IPL despite his record-setting price tag, producing a poor bowling performance against Rajasthan Royals. The left-arm quick went for $4.43 million AUD at the auction to sign with Kolkata Knight Riders, but has managed just five wickets at 46.40 across six games. Starc’s latest effort saw him go 0-50 off four […]
A street food vendor in Colombo has been arrested for harassing a tourist and attempting to charge Rs. 1,900 for a Kottu. The street food vendor was seen on a video which went viral on social media attempting to charge Rs. 1,900 for a Kottu, a popular meal in Sri Lanka. On suspicion the tourist […]
The inaugural Sri Lanka-Kyrgyz Republic Foreign Office consultations have successfully concluded in Bishkek, Kyrgyzstan on 15 April.
Former Parliamentarian Palitha Thewarapperuma died from electrocution this evening (April 16), at the age of 64.The post Palitha Thewarapperuma passes away appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Dr. A.T. Ariyaratne, the founder of the Sarvodaya Movement, has passed away at the age of 92 while undergoing treatment at a private hospital in Colombo.The post Dr. A.T. Ariyaratne passes away appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
Samagi Jana Balawegaya (SJB) MP, Harshana Rajakaruna, emphasized today (April 16) the need for Sri Lanka to maintain a cautious and neutral stance in international relations, particularly highlighting the importance of not getting involved in global conflicts.The post Sri Lanka must stay neutral in world conflicts – Harshana Rajakaruna appeared first on ONLANKA - Sri Lanka Latest Breaking Ne...
Sri Lanka began the International Monetary Fund and World Bank Group (IMF/WBG) Spring Meetings with a productive bilateral discussion with Kenji Okamura, the Deputy Managing Director of the IMF, according to State Minister of Finance, Shehan Semasinghe.The post Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks appeared first on ONLANKA - Sri Lanka Latest Breaking New...
Several major water and energy projects are going to be inaugurated by the presidents of Iran and Sri Lanka in the near future, Iranian media reported.The post Iranian President to inaugurate ‘Uma Oya’ project during Sri Lanka visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The founder of the Sarvodaya Shramadana Movement of Sri Lanka, Dr. A.T. Ariyaratne passed away at a private hospital in Colombo today (16) according to family sources. He was 93 at the time of his demise.
President Ranil Wickremesinghe assured solutions to plantation workers during a walk along the Pekoe Trail in Nuwara Eliya. The “Pekoe Trail” spans 300+ km through the Central Highlands of Sri Lanka, regarded as one of Asia’s best-kept secret routes. Originating from the renowned city of Kandy, it extends south towards the Hatton and Horton Plains […]
President Ranil Wickremesinghe visited the Court Lodge Estate, owned by the Udupusellawa Plantation Company in Nuwara Eliya this morning (16) to explore opportunities for the revival of the tourism industry around the picturesque hills of Nuwara Eliya. The President commenced his journey by traversing a distance of 3.2km along the historic Pekoe Trail. The “Pekoe […]
The founder of the Sarvodaya Shramadana Movement of Sri Lanka, Dr. A.T. Ariyaratne, passed away, his family announced. He was 92-years-old. He passed away at a private hospital in Colombo, Tuesday. Ariyaratne was nominated to the Constitutional Council as a civil representative in 2015. He received the Ramon Magsaysay Award for Community Leadership in 1969, […]
Sri Lanka’s Justice Minister Wijeyadasa Rajapakshe has not ruled out contesting the presidential polls. Rajapakshe said that he has been invited by a group of Sri Lanka Freedom Party (SLFP) members and religious leaders to contest to be the next President. The Justice Minister said that he will carefully consider the invitation and decide soon. […]
The founder of the Sarvodaya Shramadana Movement of Sri Lanka, Dr. A.T. Ariyaratne has passed away at the age of 93.
The Road Development Authority (RDA) says the expressways have generated an income of Rs. 235 million within the past six days from 10 - 15 April.
The government of Sri Lanka has concluded the initial restricted discussions with nine members of the Steering Committee of the Ad Hoc Group of Bondholders regarding its international sovereign bonds (ISBs).
Yiva Ceylon, an innovative self-care brand, proudly announces its official launch, offering meticulously crafted skincare solutions deeply rooted in the rich heritage of Ceylonese traditions. Under the guiding principle of ‘Consciously Curated Ceylonese Self-care guiding principle,’ Yiva Ceylon emerges as a beacon of sustainable beauty, championing local produce and traditional ingredi...
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
State Minister Chamara Sampath Dasanayake escaped unhurt after his vehicle caught fire in Bandarawela. The State Minister had been travelling to Ella, Tuesday, when the vehicle suddenly caught fire. The Sri Lankan State Minister and his driver managed to escape unhurt. Area residents and the fire brigade together with the Police extinguished the flames. (Colombo […]
The International Monetary Fund (IMF) and Sri Lanka discussed the next steps to finalize the 2nd Review of the IMF programme. The discussion took place between State Minister of Finance Shehan Semasinghe and IMF Executive Director for India and Sri Lanka Dr. Krishnamurthy Subramanian. “It is always a pleasure to meet with Dr. Krishnamurthy Subramanian, […]
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe.
At least 11 commuter trains have been cancelled this morning (16), according to the Sri Lanka Railways.