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Thursday 23rd March, 2023 The IMF is ready to help Sri Lanka tackle its economic crisis, President Ranil Wickremesinghe has told Parliament. This is good news. But is Sri Lanka ready to help others help it? Its bilateral creditors are united in trying to assist it in restructuring its staggering debt, and rebuilding its economy, […]
We note with dismay the attempts being made by the President and some Members of Parliament of the government to intimidate the judiciary on the false pretext that the Supreme Court has violated the privileges of the Members of Parliament. This allegation has been made after the Supreme Court granted leave to proceed with a […]
Kaushalya Nawaratne will be inducted as the new President of Bar Association by Attorney General Sanjay Rajaratnam, PC, at the 49th Convocation of the Bar Association of Sri Lanka (BASL) on March 25 at the BMICH. Chief Justice Jayantha Jayasuriya will be the chief guest. Nawaratne will succeed Saliya Pieris, PC.
Technical Certificates of Completion for 64 out of 74 plots of the Port City Colombo SEZ have been received by the Commission, a Colombo Port City Economic Commission semi-annual progress report for FY 2022 notes. A press release by the Commssion said: ‘The Colombo Port City Economic Commission (the Commission), the Single Window Investment Facilitator […]
UNDER 19 CRICKET By Reemus Fernando St. Sebastian’s College, Katuneriya with a sensational last-ball victory and Holy Cross College, Kalutara with a marathon first innings performance earned their much-awaited Division I promotion as they outdid their opponents in the Under 19 Division II Tier ‘A’ semi-finals worked off at Surrey Village Ground, Maggona and Kirimandala […]
A recent research conducted by ECA International has revealed that Sri Lanka , amongst a few other countries, saw the largest increase in expense for travellers.
The new Crescent moon of the month of Ramadan has not been sighted in Sri Lanka this evening (22), according to the Colombo Grand Mosque.
The overseas travel ban imposed on former Prime Minister Mahinda Rajapaksa and former Minister Basil Rajapaksa has been lifted. The Supreme Court today ordered the Immigration and Emigration Controller to permit Mahinda Rajapaksa and Basil Rajapaksa to travel overseas. The order was given when the case filed against those accused of being involved in the […]
The Environment Ministry says steps may need to be taken to restrict the import of certain plastic items in future. Environment Ministry Secretary Dr. Anil Jasinghe said that plastic pollution is a serious issue in several countries, including in Sri Lanka. He said that plastic pollution hinders tourism and the economy. Dr. Anil Jasinghe said […]
The report of the investigation carried out by the Auditor General regarding several facts that led to the current economic crisis in the country, has been filed before the Supreme Court.
President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the agreement with the International Monetary Fund (IMF). The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his dedication to constructing a better […]
President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the IMF agreement, which would aid in the development of Sri Lanka’s economy. The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his […]
President Ranil Wickremesinghe has requested for the Opposition s support towards rebuilding Sri Lanka from its ongoing crisis, despite their conflicting political views.
Sri Lankan President Ranil Wickremesinghe said today (March 22) the salaries and pensions of public servants will be revised in the future, in line with the inflation rates.The post Pensions and salaries of Government Employees in Sri Lanka to be revised appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 22), according to the Central Bank of Sri Lanka.The post Sri Lankan Rupee appreciates further against U.S. Dollar appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
• The country is being constructed by establishing rules and creating a foundation to prevent the recurrence of previous errors. • Today, the international community has accepted that he acted to cross the economic vine bridge for Mother Sri Lanka. • The results of the present hard work and dedication will soon pay-off. • I pay my respects to the people who tolerated the diffi...
The Central Bank of Sri Lanka (CBSL) announced the official US Dollar exchange rates for today (March 22).
Sri Lankan President Ranil Wickremesinghe said the International Monetary Fund (IMF) bailout package has unlocked a new path to create a better future for the youth and uplift the country.The post IMF bailout package has unlocked new path to create better future for youth and uplift the country – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.The post IMF Deal will cut Sri Lanka borrowing costs, Central Bank Chief says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The main Opposition, Samagi Jana Balavegaya (SJB), and the Janatha Vimukthi Peramuna (JVP) yesterday (March 21) moved Supreme Court against Treasury Secretary Mahinda Siriwardana over his failure to provide funds required by the Election Commission to conduct the Local Government polls, ignoring an interim order issued by the apex court, on March 03, 2023.The post SJB, JVP move Supreme Court again...
President Ranil Wickremesinghe tabled the IMF staff level agreement on the Extended Fund Facility (EFF) arrangement for Sri Lanka in Parliament, a short while ago.
Sri Lanka has been listed among countries in Asia seen as expensive for business travellers. The latest Daily Rates research published by ECA International found that climbing inflation rates in many locations have contributed to significant increases in business travel costs in local currency terms, with costs rising the most in countries such as Sri […]
The recently-launched Courtyard by Marriott Colombo, part of Marriott Bonvoy’s extraordinary portfolio of 30 hotel brands, has appointed internationally-acclaimed Chef Nuwan Silva to take over the reins as the new Executive Chef. Nuwan Silva possesses over 20 years of working experience in the hotel industry and is a proven high achiever in the culinary world […]
Heinrich Klaasen hit a 54-ball century as South Africa raced to a four-wicket win over West Indies in the third one-day international in Potchefstroom. Chasing 261 to win, Klaasen came to the crease at 80-4 but smacked an unbeaten 119 as South Africa won in 29.3 overs. It is the fastest any side has chased […]
The Rules under the Council of Legal Education Ordinance (Chapter 276) inclusive of the decision taken by the Council of Legal Education to make the mandatory medium of examination of the Sri Lanka Law College English, was voted against by the House March (21).
A vote taken on the gazette notification seeking to make English language compulsory for Sri Lanka Law College examinations was defeated, overwhelmingly, yesterday, in Parliament, with 113 MPs voting against it; only one MP voted in its favour. Both government and Opposition MPs voted against the implementation of the gazette, while only Galle District MP […]
Power and Energy Minister Kanchana Wijesekara told Parliament yesterday that fuel prices would be reduced considerably according to the fuel price formula at the next fuel price revision, due in April. The Minister said that the government would be able to procure fuel shipments, at lower prices, during competitive bidding, with the receipt of the […]
By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]
• The IMF Board approved a 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 2.286 billion (about US$3 billion) to support Sri Lanka’s economic policies and reforms. • The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock […]
The Sri Lankan national team of two sailors and one windsurfer, with the Navy team of a sailor and a windsurfer, were invited to participate at the first Chief of Navy Staff International Sailing Regatta 2023 held from March 14 to 20 in Karachi, Pakistan. Twelve countries including Australia, Bahrain, Croatia, Egypt, China, Kazakhstan, Malaysia, […]