By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]

In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]

United Nations Population Fund (UNFPA) Asia Pacific Regional Director Pio Smith is in Sri Lanka from yesterday (28) to Friday 01 March. During his visit, Smith will hold discussions with policymakers, government officials, civil society, and key partners to enhance collaboration at the national level and advocate for the rights of women and girls. Additionally, […]

A 16-year-old boy with Sri Lankan roots, described by his parents as a “golden boy” took his own life in the UK after being blackmailed over nude photographs, an inquest heard. Dinal De Alwis, 16, was found by a coroner to have killed himself in Sutton, south London, in October 2022. A Metropolitan police investigation […]

We, the Central Bank Executive Officers’ Union (CBEOU), as a professional union representing the Executive Officers of the Central Bank of Sri Lanka, wish to clarify some facts, as it was evident that the discourse on the recent salary revision of the Central Bank of Sri Lanka is extremely partial and raised without proper knowledge […]

Foreign Minister Ali Sabry PC has said that in the emerging multipolar world, countries like Sri Lanka cannot afford to take sides and must be open to working with anyone. Minister Sabry made these observations when he delivered the opening address at the 3rd ‘LKI Foreign Policy Forum’, held on the theme ‘Reassessing Non-Alignment in a Polarised […]

ECONOMYNEXT –The Asian Development Bank (ADB) expects Sri Lanka not to reverse its International Monetary Fund-led policy reforms despite elections soon, the ADB Country Director for Sri Lanka Takafumi Kadono said. The island nation has witnessed repeated reversals of policy reforms in the past due to greedy politicians who misled  the people to vote for […]

Leader of the United Republic Front Member of Parliament Patali Champika Ranawaka, presented the proposal titled “A United Step for the Country” to President Ranil Wickremesinghe , at ‘Srikota’, the United National Party headquarters in Colombo this morning (24). Speaking at the event President Ranil Wickremesinghe, highlighted the government’s concerted efforts over the past two […]

As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]

Minister of State for Foreign Affairs Tharaka Balasuriya spoke to WION’s diplomatic correspondent Sidhant Sibal on the sidelines of Raisina Dialogue 2024 in New Delhi.Balasuriya weighed in on several issues ranging from the India-Lanka relationship, Colombo’s ties with China, tourism, Unified Payments Interface (UPI), and more. While speaking on China, Balasuriya said that “both countries [&...

Following Iranian FM’s visit The Foreign Ministry said yesterday that Iranian Foreign Minister, Hossein Amirabdollahian, during high level meetings in Colombo this week, expressed hope that with this trip, the bilateral ties in all fields, including political, economic, commercial, and tourism, would be expanded. Amirabdollahian was here at the official invitation of the Sri Lankan […]

In his policy statement during the inauguration of the 5th session of the 9th parliament, President Ranil Wickremesinghe insists that the solution to the economic crisis lies in economic and scientific measures, not political ones. However, he draws inspiration from Confucius and urges citizens to introspect and cleanse their hearts, which can be seen as […]

The Minister of Tourism, Harin Fernando, has stated that the Sri Lankan Government will be handing over the operation of Mattala International, Ratmalana International and Colombo International Airports to India. He has added that Sri Lanka is a part of India! Has he lost his senses? Separately, should it not be the role of the […]

by Shantha Jayarathne, PhD In recent discussions, concerns have emerged about the National People’s Power (NPP) in Sri Lanka, with some fearing a return to outdated communist traditions if the party ascends to power. These apprehensions, often fueled by political agendas, particularly target those with limited political literacy. This article aims to dispel these misconceptions […]

Tuesday 20th February, 2024 The leaders of the SLPP-UNP government, troubled by the prospect of having to face elections, must be having sleepless nights. They are believed to be busy devising ways and means of putting off the presidential contest due in eight months or so. The President’s Office has however said the next presidential […]

Young leaders can be the driving force behind the rebuilding of the nation, Dr. Akihiko Tanaka, President of JICA said during a lecture titled, International Relations under Compound Crises: A Japanese Perspective. He made this remark at the closing session of JICA Chair programme held at the University of Colombo on 16 February 2024. It […]

 … draws attention to discrepancy in beneficial interest rates for EPF members By Shamindra Ferdinando Dissident SLPP lawmaker Gevindu Cumaratunga yesterday (18) said that the Wickremesinghe-Rajapaksa government owed an explanation how the Governing Board of the Central Bank had approved a massive salary increase to CBSL employees at a time the country was experiencing developing […]