The Minister of Economy and Planning of the Kingdom of Saudi Arabia, Faisal bin Alibrahim, has announced that the country s national carrier Saudia, formally known as Saudi Arabian Airlines, would recommence flights to Sri Lanka very soon.

The French Development Agency’s (Agence Française de Développement also known as AFD) Regional Directorate is strengthening its base in Sri Lanka in line with the commemoration of 75 years of diplomatic relations between Sri Lanka and France. It also marks the enduring partnership between AFD Group and its Sri Lankan partners, which began in 2005 […]

Addressing the 2023 Sri Lanka Economic Summit, President Ranil Wickremesinghe has declared the imperative need for radical economic restructuring to ensure the sustainability of the country s economy.

SLPP leader Mahinda Rajapaksa yesterday (28) hit back at critics, claiming that a robust economy had been built under his presidency. He said the UNP-SLFP government which ruled the country during the 2015-2019 period should be held responsible for the current economic crisis. The following

Member of Parliament Dr. Nalaka Godahewa says that even in this budget, the President’s plan to break a part of the opposition has failed. He said so at a recent press conference held at the Nawala office of the Freedom Janata Sabha on the budget and the current political situation. “We are in temporary relief […]

The Minister of Economy and Planning for the Kingdom of Saudi Arabia. Faisal F. Alibrahim, met with President Ranil Wickremesinghe on Monday (27) at the Presidential Secretariat. During the discussions, Minister Faisal F. Alibrahim emphasized Saudi Arabia’s keen interest in strengthening economic

By Hiran H.Senewiratne ‘Since local inflation has declined faster than expected, the CBSL Monetary Board has decided to reduce policy interest rates by 100 basis points to enable the economy to reach its true potential, CBSL Governor Dr. Nandalal Weerasinghe said at the monthly monetary policy

by Jehan Perera The government is facing an uphill task to rebuild the country which continues to be in a state of economic and moral decline which was evident in parliamentary proceedings last week. The initial hopes of a quick transition from the economic and moral decline that accompanied the pre-Aragalaya period ended with the […]

The Minister of Economy and Planning for the Kingdom of Saudi Arabia, Faisal F. Alibrahim, met with President Ranil Wickremesinghe this afternoon (27) at the Presidential Secretariat in Colombo.

Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds of thousands of signatures for its […]

Sri Lanka’s rights abuses flout EU trade benefits requirements By Claudio Francavilla (from Human Rights Watch website) Sri Lanka’s economy has contracted every year since 2019, but exports to the European Union have increased, providing vital income in desperate economic times

In a historic move to empower the agricultural sector and strengthen the export economy, President Ranil Wickremesinghe unveiled the ÂUrumaya Freehold Deed Program during the first phase of the public awareness campaign for the 2024 budget proposal.

President Ranil Wickremesinghe unveiled the “Urumaya” Freehold Deed Program during the first phase of the public awareness campaign on the 2024 budget proposals held in Nochchiyagama, Anuradhapura today (26). The President reiterated that this program is a tribute to the farmers who have been the backbone of the nation for generations. President Wickremesinghe outlined the […]

By Amal JAYASINGHE Malé (Maldives) AFP: Rising sea levels threaten to swamp the Maldives and the Indian Ocean archipelago is already out of drinking water, but the new president says he has scrapped plans to relocate citizens. Instead, President Mohamed Muizzu promises the low-lying nation will beat back the waves through ambitious land reclamation and building […]

(Excerpted from the memoirs of Lalith de Mel) He returned to a Sri Lanka going through a difficult phase due to the JVP uprising. There were curfews and a sense of fear in the air. His predecessor in Sri Lanka had a young family and was glad to get away from the chaos that prevailed […]

Legal action should be taken against individuals that the Supreme Court found guilty of triggering the country’s worst financial crisis by mishandling the economy, former president Maithripala Sirisena said. Addressing the media in Colombo, he said that none of the economic hitmen named

The Monetary Policy Board of the Central Bank, at its meeting held on Thursday (23), decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 percent and 10.00 percent, respectively, CB said in a press release. It said: […]

The Sri Lankan government and the European Union (EU) have signed a financing agreement to promote a circular economy and sustainable consumption and production in the food sector.