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The Ministry of Tourism has launched a Travel Card as an initiative to further progress Sri Lanka s tourism industry.
Pakistan and Sri Lanka are getting close to securing bailouts from the International Monetary Fund after taking a series of steps including tax increases to boost their beleaguered economies.
Former Member of Parliament D. E. W Gunasekera has revealed that the Government is preparing for the introduction of a new Bill pertaining to the reform of the Central Bank of Sri Lanka (CBSL).
Indian Police personnel have thwarted yet another suicide attempt at the district collectorate premises on Tuesday as they foiled a Sri Lankan refugee s bid to end their life. The refugee wanted to be deported to Sri Lanka to join his parents.
Minister of Power and Energy Kanchana Wijesekera has met with a group of officials who were appointed to formulate a new feeding tariff for Renewable Energy in Sri Lanka.
A Sri Lankan Tamil, who illegally migrated into Tamil Nadu after escaping from criminal charges in Sri Lanka, was apprehended by the police at Mandapam refugee camp in Tamil Nadu on Tuesday. Following an inquiry, Mandapam law and order police booked the man under the Passport Act on the same day.The post Absconding criminal from Sri Lanka caught in Tamil Nadu appeared first on Sri Lanka News - Lat...
Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 53.2% in January, after a 59.2% rise in December, the statistics department said on Tuesday (February 21).The post Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The International Monetary Fund (IMF) remains hopeful of Sri Lankan authorities securing financing assurances from all its bilateral creditors soon, so that the Fund’s Executive Board could give its nod to unlock the envisaged US$ 2.9 billion bailout package to support the crisis-hit economy, a top IMF official said.The post IMF remains hopeful of Sri Lanka securing all financing assurances soon t...
President Ranil Wickremesinghe says Sri Lanka cannot continue to beg and remain bankrupt. Wickremesinghe said that Sri Lanka’s economy completely collapsed. The President said that he had taken unpopular decisions but he had to do what is correct and what is in the best interest of the country. “There are hard decisions to be taken […]
A Sri Lankan Tamil, who illegally migrated into Tamil Nadu after escaping from criminal charges in Sri Lanka, was apprehended by the police at Mandapam refugee camp on Tuesday. Following an inquiry, Mandapam law and order police booked the man under the Passport Act on the same day.
Several Sri Lankans have started borrowing money or are spending their savings owing to the economic crisis. The UN World Food Programme (WFP), said that nearly seven in ten households are adopting foodbased coping strategies such as relying on less preferred food, limiting portion sizes and reducing the number of meals. In addition, WFP said […]
By C. A. Chandraprema We now live in a digital world dominated by the social media, where information or disinformation coming through our mobile phones has more to do with forming public opinion than the plainly visible and palpable reality and well-established facts and data. Sri Lanka recently marked the 75th Anniversary of its Independence in […]
Asian Youth Athletics Championships- Selection Trial by Reemus Fernando Ambagamuwa MV hurdler Ayomal Akalanka continued the trend set by the former students of his school as he reached qualifying standards for the Asian Youth Athletics Championships at Diyagama on Tuesday. The athlete trained by veteran coach Anura Bandara clocked an impressive 52.18 seconds to win […]
COYLE annual diplomats’ evening: The Chamber of Young Lankan Entrepreneurs (COYLE), consisting of a membership of over 120 entrepreneurs and highly recognized business entities, hosted their annual evening of open discussion and networking with the diplomatic community in Sri Lanka. Foreign Minister, Ali Sabry was invited as the chief guest who delivered an impassioned and […]
JJB not among the signatories to appeal Opposition political parties, except the JVP-led NPP, have appealed to the international community to exert pressure on the Wickremesinghe-Rajapaksa government to conduct the local government polls, scheduled for 09 March. The following is the text of the letter addressed to heads of diplomatic missions in Colombo. It has been signed by […]
Sri Lanka needs to get back to growing its economy. It needs a new push towards development, one that harnesses good ideas and creates wealth for all its citizens. The name of the game is wealth creation – for all. Then governments will have something to tax! But somehow, little Sri Lanka hasn’t quite grasped […]
By Shamindra Ferdinando The Supreme Court (SC) on Feb. 10 dismissed a contempt of court application filed by the Human Rights Commission of Sri Lanka (HRCSL), delivering a shock therapy to the latter. The HRCSL filed the contempt case against the Chairman of the Ceylon Electricity Board (CEB) N.S. Illangakoon, the Secretary to the Ministry […]
By Rathindra Kuruwita Sri Lanka had to pay over USD 2.6 billion to foreign creditors, in 2023 as loan repayments and interest, Cabinet Spokesman Bandula Gunawardena told the media on Tuesday. Addressing the post-Cabinet Press conference, Gunawardena said that around USD 2.1 billion dollars would be spent on debt repayment and USD 504 million on interest. The […]
Public approval rating for the Ranil Wickremesinghe-Rajapaksa government has sunk to 10 percent, says a recent poll. According to a survey by Verite Research, a Colombo-based think tank, the government continues to have a poor, merely 10%, approval rating among the public, as shown by the results of a recent poll on the ‘Mood of […]
South Africa’s path to the semi-finals was scrappy to the last, but they’ll take it. Losing the first match of the Women’s T20 World Cup to Sri Lanka put the hosts on a slippery slope from which they had to claw their way back. On a cool Tuesday night, returning to Newlands for the first […]
According to President Ranil Wickremesinghe, the current tax policy in Sri Lanka is not a normal tax policy, but rather a rescue operation. He warned that if this process is disrupted, Sri Lanka will not be able to join the International Monetary Fund (IMF) program and may lose the opportunity to do business with foreign countries.
Sri Lanka today sought international support to expedite a response from the International Monetary Fund (IMF) on funding and assistance. Foreign Minister Ali Sabry briefed the Head of Missions of the Paris Club member nations and the HOM of India at the Foreign Ministry today. The Governor of the Central Bank, Nandalal Weerasinghe, Treasury Secretary […]
President Ranil Wickremesinghe today revealed China’s refusal to agree to the same conditions placed by India and the Paris Club when restructuring Sri Lanka’s debt. He said that the International Monetary Fund (INF) had proposed that all of Sri Lanka’s main creditors reach a consensus on restructuring Sri Lanka’s debt. Wickremesinghe said that while the […]
Cardinal Malcolm Ranjith fears there is an attempt to take forward dictatorial rule by postponing the Local Government (LG) election. Issuing a statement, the head of the Catholic Church in Sri Lanka said that postponing the Local Government election could pave the way for other elections to also be postponed. He said that an election […]
Delivering the keynote speech at the Tax Forum 2023 today (21), President Ranil Wickremesinghe,said that the current tax policy in Sri Lanka is not a normal tax policy, but rather a rescue operation. He warned that if this process is disrupted, Sri Lanka will not be able to join the International Monetary Fund (IMF) program […]
Former President Mahinda Rajapaksa says the Local Government (LG) election must be held as scheduled. Responding to reporters the leader of the Sri Lanka Podujana Peramuna (SLPP) said that there is no reason to postpone the polls. He said that the election must be held on the scheduled date. SLPP member and former Minister Basil […]
Veteran banker, Faizal Salieh, has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). He has been appointed to the post with effect from 20 February 2023. Salieh served as the Chief of Corporate and Merchant Banking at ANZGrindlays Bank; COO of NDB; Executive Director/CEO of NDB Housing […]
YouTuber Sepal Amarasinghe apologised in court today for making a defamatory statement on the Temple of the Sacred Tooth Relic. Following his apology the Colombo Magistrates Court decided to conclude the case against Amarasinghe. Amarasinghe later told reporters that there was a mistake in some of the words he used in his public statement. An […]
The newly formed Freedom People s Alliance (FPA) has raised concerns over the recent resistance displayed by the Ministry of Finance to release the fund required to hold to upcoming 2023 Local Government (LG) election.
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.