Investors accepted the exclusion of capital gains tax from the interim budget

ECONOMYNEXT – Sri Lanka IMF discussions discussions have been extended for one day and are still ongoing, Mission Chief Peter Bruer said in statement.“The IMF Mission in Colombo has been extended by one day because discussions are still ongoing with the authorities,” said in statement. “We plan to conclude the mission and issue a press release on Thursday, September 1st....

As heavy rainfall prevails in many parts of the island, the National Building Research Organization (NBRO) issued an early landslide warning (Level 1) to four districts  Kalutara, Kandy, Matale and Ratnapura.

The opposition leader said the govt was calling for an all-party government, all the while engaging in "state terrorism"

Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.

Top three source markets are UK, India and Germany.

ECONOMYNEXT – A group of legislators of Sri Lanka Podujana Party will be independent in parliament its chairman G L Pieris said. GL Pieris, Dullas Allahapperuma, Dilan Perera, Nalaka Godahewa, Charitha Herath, Channa Jayasumana, KPS Kumarasiri, Gunapalal Ratnaseka, Udayana Kirindigoda, Wasantha Yapa Bandara, Upul Galapaththi, Tilak Rajapaksa and Lalit Ellawala will be independent, he said.Th...

First half inflows US$400mn

A group of parliamentarians of Sri Lanka Podujana Peramuna (SLPP) has decided to sit independently on opposition benches in the parliament.

For this purpose, the government will provide all facilities through the Board of Investment

Wickremesinghe is budgeting in a sea of monetary instability

By Shiran Ranasinghe Diesel production at the Sapugaskanda Oil Refinery has dropped by 22% due to the low quality of crude oil imported through Coral Energy Company, a senior CPC official said. Senior CPC officials had repeatedly asked the Ministry of Power not to import crude or refined oil through Coral Energy. The CPC official […]

“The recent lockdowns and the increased isolation that it caused have led to an increase in mental health related issues. Hence, the need for a WhatsApp based solution is very much the need of the hour. The majority who reach out through the chat-line tend to be young Sri Lankans who are struggling to cope, […]

By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]

Nestomalt Cycling Challenge 2022 Sri Lanka Army rider Avishka Madonza won the elite men’s race of the Nestomalt Cycling Challenge 2022 held at the Viharamahadevi Park, Colombo on Sunday. Madonza, who was also the winner of this year’s Air Force Cycling Race, finished the 48 kilometre race in a time of one hour six minutes […]

Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]

Tennis Nationals 2022 Karthi Udayachandran, Aweesh Ganegoda, Meneshka Ratnasingham, Gehash Tissera, Manesh Kajan and Rehan Gunawardhana won their respective Under 16 boys’ singles matches of the Tennis Nationals 2022 continued at the Sri Lanka Tennis Association courts on Tuesday. The winners reached the round of 32 before some of the matches including that of the […]

By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch ‘Business Against Corruption’ Initiative” issued to the media after the two organisations […]

"If there is no flour, we simply cannot produce,” said Jayawardena.

The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that Sri Lanka has made Âgood progress in the negotiations with the International Monetary Fund (IMF), which are aimed at clinching a bailout package.

The visiting delegation of the International Monetary Fund (IMF) called on Sri Lanka s Opposition Leader Sajith Premadasa this morning (Aug 30).