Opposition MP Dr. Harsha de Silva has raised concerns regarding the proposed imputed rent tax under Sri Lanka’s agreement withContinue ReadingThe post Imputed Rent Tax : Harsha raises concerns appeared first on Newswire.

The Indian Naval Ship (INS) Kamorta arrived at the port of Trincomalee on a formal visit this morning (20th June 2024). The visiting ship was welcomed by the Sri Lanka Navy in compliance with naval traditions. The INS Kamorta, measuring 109.2 meters in length and crewed by 390 personnel, is under the command of Captain […]

Arrangements have been made for the Colombo International Film Festival to be held from 08-14 July this year, under theContinue ReadingThe post 2024 Colombo International Film Festival in July appeared first on Newswire.

Effective from June 1, 2024, the former Mövenpick Hotel Colombo has been rebranded as NH Collection Colombo. This rebranding resultsContinue ReadingThe post Mövenpick Hotel Colombo Rebrands as “NH Collection Colombo” Following Softlogic City Hotels’ Partnership with Minor Hotels Group appeared first on Newswire.

Sri Lanka’s Department of Motor Traffic (DMT) has taken a unique approach to the Poson Poya festival, offering a two-dayContinue ReadingThe post DMT holds vehicle tuning dansala for Poson Poya appeared first on Newswire.

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 reiterating  his commitment to ensure that no child in the country will suffer, pledged that a better country will be created for the children of Sri Lanka within the next 5-10 years. President Wickremesinghe made these remarks while addressing the ceremony held to award Presidential scholarships held at Temple Trees on Wednesday […]

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 […]

In a troubling incident at Bandaranaike International Airport (BIA) in Katunayake, State Minister of Small and Medium Enterprises Development, Prasanna Ranaweera, has been accused of assaulting a porter and threatening several airport security officers. The incident occurred in the early hours of Tuesday, May 14, when Minister Ranaweera arrived at the airport with his wife,…The post State Mi...

Julie Kozack, Director of the International Monetary Fund’s (IMF) Communications Department, has praised the Sri Lankan Government for its commendable achievements in economic policy and program implementation. Kozack noted the robust overall implementation of the IMF program by Sri Lanka. The IMF staff and Sri Lankan authorities have reached a staff-level agreement on economic policies,…The...

The ICC Men’s T20 World Cup 2024 is gearing up with a series of warm-up fixtures designed to prepare teams for the main event. These matches, consisting of 20 overs per side, will not carry international T20 status, allowing teams the flexibility to field all members of their 15-player squad. New Format for Warm-up Matches…The post ICC Men’s T20 World Cup 2024: Warm-up Fixtures A...

Opposition Leader Sajith Premadasa has appointed Talal Rafi, an economist and economic policy consultant to a multilateral development bank, asContinue ReadingThe post Economist Talal Rafi appointed Policy Advisor to Opposition Leader appeared first on Newswire.

MAC lovers rejoice as Exclusive Lines proudly announces the arrival of the world’s leading professional makeup brand in the heartContinue ReadingThe post MAC Cosmetics Debuts Flagship Store In Sri Lanka With Exclusive Lines appeared first on Newswire.

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.

Sri Lanka and Brazil have held a discussion centred on the establishment of a Sister City Project between the MunicipalContinue ReadingThe post Sister City Project initiated between Rio de Janeiro & Colombo appeared first on Newswire.

President Ranil Wickremesinghe has expressed hope to reach an agreement with creditor nations in the next few weeks, it wasContinue ReadingThe post Sri Lanka hopeful of agreement with creditor nations in next few weeks 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...

President Ranil Wickremesinghe announced the establishment of a new development bank aimed at providing financial support to industrialists in Sri Lanka. This initiative will offer industrialists the opportunity to obtain loans at low interest rates. Additionally, the President revealed plans to set up an Economic Commission to oversee these activities. A new institution, “Enterprise Sri […]

…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 […]

The Supreme Court has determined that some sections of the Telecommunications Amendment Bill are inconsistent with the Constitution. The Determination of the Court as to the constitutionality of the Bill, titled “Sri Lanka Telecommunications (Amendment) Bill,” is as follows: 1) Proposed Section 9A (2) [Clause 8] states that the TRC may give the provider or […]