By Shamindra Ferdinando ‘Sarvajana Balaya’ political alliance consisting of former SLPP constituents has declared the grouping as the only viable alternative to President Ranil Wickremesinghe as SJB leader Sajith Premadasa as well as JJB/JVP leader Anura Kumara Dissanayake were pursuing the same agenda inimical to national interests. The grouping pointed out the position taken by […]

China is ready to continue providing assistance to Sri Lanka’s socio-economic development, supporting the country’s debt sustainability, the Chinese ForeignContinue ReadingThe post China pledges continued support for Sri Lanka’s debt sustainability appeared first on Newswire.

President Ranil Wickremesinghe yesterday (19) announced the establishment of a new development bank to provide financial support to industrialists in Sri Lanka. This initiative will offer industrialists the opportunity to obtain loans at low interest rates, the President declared. The President also revealed plans to set up an Economic Commission to oversee these activities. A […]

The ruling British Conservative party has appealed for the support of the British voters of Sri Lankan origin. On behalf of Rishi Sunak’s government, its Foreign Secretary David Cameron said, in a special video message reiterating his party’s commitment to British Tamils while pledging to “support truth, justice and accountability for all.” Sunak recently announced […]

By Dr Sirimewan Dharmaratne, Former Senior Analyst, HM Revenue and Customs, UK. While one can only imagine the atmosphere at the discussions with the IMF, what transpires from these meetings, one can presume that there was no resistance or contention to whatever the IMF proposes. The IMF appears to be pretty much dictating the fiscal […]

An International University is to be established at the Port City of Colombo, to drive regional education demand for undergraduateContinue ReadingThe post Port City International University to offer degrees in several fields appeared first on Newswire.

Fulfilling the regional demand for undergraduate and postgraduate degree programmes in Engineering, Information Technology, Business Studies/Management, Finance, Marketing, and Medicine, Port City Colombo aims to contribute positively towards the reversal of ‘brain drain’ and reduction of the current skills gap in the local employment market, a Port City Colombo press release said. The release add...

…interest payments alone increased by USD 2.8 bn; foreign debt USD 100 bn By Shamindra Ferdinando Declaring that the economy had further deteriorated under President Ranil Wickremesinghe’s watch since July 2022, dissident SLPP parliamentarian Prof. G. L. Peiris said that the government was working overtime to depict a much improved situation. Addressing the media at […]

Secretary to the Ministry of Justice, Prison Affairs and Constitutional Reforms,  M. N. Ranasinghe, stated that the period from 2022 to 2024 will be historically significant for the highest number of law reforms in Sri Lanka. He highlighted that since 2022, 59 legal reforms have been passed in Parliament, with an additional 07 drafts and […]

by Neville ladduwahetty Sri Lanka’s Permanent Representative to the UN in Geneva, Himalee Subhashini Arunatilaka, in her statement to the HR Council stated that Sri Lanka has “consistently rejected Resolutions 46/1 and 51/1”, because Sri Lanka is “in fundamental disagreement with its unacceptable content in particular the so-called evidence gathering mechanism, the establishment ...

The Chinese People’s Liberation Army (PLA) Navy hospital ship, “Peace Ark” set sail from a military port in Zhoushan in east China’s Zhejiang Province on Sunday morning for Mission Harmony-2024 to visit three countries, including Sri Lanka. Chinese media reports said that this is the 10th Mission Harmony for “Peace Ark” since its commissioning in 2008. The […]

Former Speaker and the National Movement of Social Justice (NMSJ) Chairperson Karu Jayasuriya, yesterday stressed the critical importance of effectively utilising the third tranche of the International Monetary Fund (IMF) bailout package. Jayasuriya has, in a media statement, said steps must be taken to ensure proper use of the funds. The IMF released the third […]

Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting to recover, but the economy was “still vulnerable and the path […]

A high level delegation headed by the State Minister of Foreign Affairs Tharaka Balasuriya is scheduled to visit Russia to arrange for the repatriation of Sri Lankan ex-military personnel deployed in Russia for military purposes and the related discussions will be held on June 26 and 27, said Minister of Foreign Affairs, President’s Counsel Ali […]

Chair of the Sectoral Oversight Committee on National Security retired Vice Admiral Sarath Weerasekera has said an external mechanism is in place to prepare the ground for a war crimes probe against the Sri Lankan military and those who provided political leadership for the country’s war on terror. Addressing the last SOC held in the Parliamentary complex, […]

Arrangements are being made by the Faculty of Social Sciences and Languages of the Sabaragumawa University to hold its second International Conference on Social Sciences and Languages (ICSSL) on the 18th and 19th of December 2024. A press release said that the conference will feature a wide range of presentations on multidisciplinary research activities in the fields of social sciences […]

Sri Lanka’s HC in the UK Rohitha Bogollagama has sought an opportunity to engage in further discussions on the UK models of devolution with the Ministry of Justice and the Scottish government representatives.The Foreign Ministry revealed this in a press release issued on Wednesday (12) regarding a team led by HC Bogollagama with the UK […]

The Colombo Stock Exchange’s (CSE) implementation of the shortened settlement cycle for equity trades has been executed seamlessly with the first settlement under the T+ 2 cycle taking place on 12th June 2024, marking a significant milestone in Sri Lankan Capital Market operations. Investors have experienced swift payment processing, receiving their funds within two days […]

Friday 14th June, 2024 The US presidential race has taken another dramatic turn with a federal jury finding President Joe Biden’s son, Hunter, guilty of having illegally purchased and possessed a gun while being addicted to crack cocaine. A sentencing date has not yet been set. The offence carries a prison term. Hunter is reportedly […]