Former Governor of the Central Bank delivering the keynote address at a high profile Webinar hosted by the Central Bank of Sri Lanka today (24)  said that Sri Lanka must implement the structural reforms proposed by the International Monetary Fund (IMF) without relaxing like in the past or else we will be in a deeper […]

Sri Lankan cricketer Dhananjaya de Silva has refuted claims that he refused to bat at No. 07 position in tomorrow s ODI match against New Zealand.

Sri Lanka will hold a virtual presentation next week to update its commercial creditors and investors following the receipt of IMF Executive Board approval for the bailout package.

From the first tranche of the IMF bailout package, USD 121 million was used to repay the first installment of the Indian credit line, State Minister of Finance Ranjith Siyambalapitiya says.

The Central Bank of Sri Lanka (CBSL) today (24 March) announced the official exchange rates.

A special Parliamentary Select Committee has been appointed to study if child malnutrition is exacerbating in Sri Lanka.

Lanak Sathosa says it has slashed the prices of ten essential food items with the intention of providing further relief to the people.

Holders of Sri Lanka s international sovereign bonds face a 20% principal haircut in the country s debt restructuring as well as maturity extensions and a reduction in coupons, according to a Barclays report.

The International Monetary Fund (IMF) bailout will help bring Sri Lanka s depleted foreign exchange reserve to pre-crisis levels in four years, said the country s central bank governor.

By Saman Indrajith The government had decided to charge Rs 225,000 from those enrolling at the Institute of Engineering Technology, Katunayake under the National Apprentice and Industrial Training Authority (NAITA), Opposition Leader Sajith Premadasa said yesterday in Parliament. Premadasa said that the institute awards the National Diploma in Engineering Sciences (NDES) and no fee was […]

By Saman Indrajith Thousands of police and military personnel had left the services recently as they did not want to carry out illegal orders, Field Marshal Sarath Fonseka told Parliament yesterday. According to the war-winning army commander 200 policemen have resigned during the past two months and 25,000 soldiers have left the army during the […]

By Saman Indrajith Trade Minister Nalin Fernando said that eggs had not been supplied to Parliament canteen for the past two weeks.Responding to a question raised by Anuradhapura District SJB MP Rohana Bandara in parliament yesterday, the minister said that eight out of ten boutiques that used to sell eggs had now stopped selling eggs […]

The Parliament must decide whether the government must still be involved in operating hotels, Prime Minister Dinesh Gunawardena said yesterday in Parliament.The PM said that State Owned Enterprises (SOEs) had become a big problem for the economy. “We must discuss what SOEs are essential and what are not,” he said.The Prime Minister added that the […]

This refers to the superlatively interesting and provocative piece on the above subject by Dr Upul Wijewardene{UW) appearing in The Island of 21/3/23 wherein, as he states, he had been a victim himself at the hands of a well-known Professor of Medicine turned health administrator. He makes it a point to castigate the leaders of […]

Hope springs eternal in the human breast, it is said, but if the breast is of a national-minded Sri Lankan, hope cannot rise; it is stifled by fear, worry, frustration and stark disappointment. Government persons are flapping their upper limbs and crowing about improvement in the economy; nothing much for us Ordinaries to experience or […]

Friday 24th March, 2023 Hardly a day passes without a labour dispute reported from the state sector. There are signs of public opinion turning against the warring trade unions that resort to strikes at the drop of a hat. The government has sought to make the most of public ire to settle political scores with […]

Central Bank governor Dr. Nandalal Weerasinghe is optimistic that Sri Lanka will be able to achieve debt sustainability before the dates envisaged through the IMF program currently underway.

The Government of Japan provided USD 1.6 million to UN Women in support of humanitarian assistance for women most affected by the socio-economic crisis in Sri Lanka.

President Ranil Wickremesinghe said during a discussion held at the Presidential Secretariat with the heads of media organization on Thursday (23),  that  necessary steps will be taken to pass the best anti-Corruption Act in South Asia in Parliament soon The President revealed that cabinet approval for the Bill has already been granted and said that […]

The export-oriented design development program ÂCrafting Ceylon organized by the National Craft Council with the aim of providing foreign market opportunities for the products of Sri Lankan handicraftsmen, was inaugurated today (March 23).