By Rathindra Kuruwita It is up to Sri Lanka to determine whether to collaborate with Russia’s state owned Rosatom State Nuclear Energy Corporation in building a small nuclear power plant or not, says Levan S. Dzhagaryan, Ambassador of the Russian Federation. Ambassador Dzhagaryan said nuclear energy was a viable alternative for Sri Lanka. He added […]

President Ranil Wickremesinghe met MPs representing the Tamil community from the North and East, on Thursday (21), at the Presidential Secretariat.The discussions focused on land rights in the Northern and Eastern Provinces, the implementation of laws related to resettlement and reconciliation, and the challenges faced by Sri Lankans in refugee camps in India. Additionally, numerous […]

The Ministry of Foreign Affairs and the Embassy of Sri Lanka in Myanmar have continued to actively seek the assistance and cooperation of the Myanmar authorities on the safe repatriation of Sri Lankan nationals who have been trafficked to Myanmar.

The Inland Revenue Department yesterday (21) issued the list of goods and services that would be exempted from the enhanced Value Added Tax (VAT) regime that comes into effect from 01 January 2024. The list of items included Wheat and wheat flour; infant milk powder; Pharmaceutical Products and Drugs (other than cosmetics) whose end use […]

By Rathindra Kuruwita The Foreign Ministry has received information about 56 Sri Lankans, trapped in an area known as the Cyber Criminal Area (CCA) in Myanmar.Attorney at Law Mihiri Fernando of the Sri Lankan Embassy in Myanmar told the media that 56 Sri Lankans were in three camps in the CCA.Out of them, 41 are […]

Spectacle of the past week was the SLPP Convention held at the Sugathadasa Stadium. Of course, the crowds were present – transported from outstations since nobody thirsting for some free frolic will stay home when offered transport and food and probably more than a tot just to swell the audience. The usual paeons were sung […]

The SJB has cautioned the Wickremesinghe-Rajapaksa government against counting loans received from the IMF, World Bank and ADB as external buffers as they have to be paid back. SJB MP Dr. Harsha de Silva said loans secured from whatever sources weren’t earned reserves. The former UNP State Minister and economist said so when we sought […]

Sri Lankan Foreign Minister Ali Sabry arrived in Kathmandu on Wednesday to attend the first meeting of the Nepal-Sri Lanka Joint Commission set to be held from December 21-22.

Indian VP calls for lenient policy towards poaching Speaker Mahinda Yapa Abeywardena has thanked Indian Minister of Foreign Affairs Dr. S. Jaishankar for giving Sri Lanka two more years to pay back INR 550 mn loan given at the onset of the economic crisis that was to be paid in three years. A statement issued […]

The Ministry of Finance has stated that with a notable inflow of foreign exchange worth Rs. 780 million in December 2023, the gross official reserves are expected to surpass USD 4 billion by the end of the year.

The Colombo Stock Exchange (CSE), along with the Securities and Exchange Commission of Sri Lanka (SEC), revised the Corporate Governance Rules for the Listed Entities after 16 years. These revised rules are applicable to companies listed on the Main Market Segment, i.e. the Main Board, Diri Savi Board and Catalyst Board, from 1st October 2023, […]

In actual fact the foundation for the current economic chaos was laid under the Yahapalana rule when they borrowed as much as USD 12 billion from the international bond market, at high interest rates, with them not even undertaking any developmental works, like the Rajapaksas, or, for that matter, any worthwhile economic activity. We certainly […]

[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]

Cabinet approval has been given to a proposal for the establishment of Training and Emigration Resource Center in Jaffna, Homagama and Ampara areas for foreign job seekers.

The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies, to purchase 15000 MT of Maize from registered foreign suppliers through the Sri Lanka State Trading (General) Corporation for the production of poultry feed.

The Cabinet of Ministers have granted approval for the joint proposal furnished by the President, the Minister of Justice, Prison Affairs and Constitutional Reforms and the Minister of Foreign Affairs to publish the ‘Draft Bill for the Commission for Truth, Harmony and Reconciliation of Sri Lanka’ in the government gazette notification to enable the Public and […]

By Ifham Nizam The Sri Lankan government might be thinking of Singapore’s Temasek Holdings’ model on State Owned Enterprises (SOE), when it comes to listing individual companies or pooling companies in the future, a stock market expert said. Responding to queries at an Awareness Session on Regulatory Initiatives, New Products, and Sustainability Initiatives, recently at […]

Enterprise Analytics (EA) recently wrapped up its highly anticipated second annual customer summit, Evergreen 2.0. The event brought together a dynamic cross-section of Sri Lanka’s business leaders across diverse industries. Held at the Shangri-La Hotel Colombo, the event showcased the transformative potential of IFS Cloud and the pivotal role data visualization can play in reshaping […]