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 […]

By Vishvanath It is now clear that the proposed debate between SJB Leader Sajith Premadasa and his JVP/NPP counterpart, Anura Kumara Dissanayake (AKD), is a nonstarter in spite of streams of rhetoric let out by both sides frequently. On Thursday (June 06), the state-owned ITN hosted what it had advertised as a debate between Premadasa and AKD. […]The post Of that ‘one-man debate’ 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.

The Sri Lankan Rupee has reached the Rs. 300 mark against the US Dollar today, after having remained below theContinue ReadingThe post CBSL rates : Rupee reaches Rs. 300 mark against US Dollar 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.

The Sri Lankan Rupee has depreciated further against the US Dollar at commercial banks in Sri Lanka today (June 19)Continue ReadingThe post Dollar rate in Sri Lanka today appeared first on Newswire.

Will wipe out 300 electricity bills and present six tour packages to Singapore to users of ‘ComBank Digital’ from June to August 2024 The electricity bills of 300 customers will be wiped out, and three customers will each win a tour package for two to Singapore under an exciting new campaign launched by the Commercial […]

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 […]

The report of the committee appointed by President Ranil Wickremesinghe to review the salary increase of officials in the Central Bank of Sri Lanka (CBSL) has been handed over to the Committee on Public Finance (COPF).

…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 […]

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 couple of Sundays ago, Gamini Peiris of Moratuwa wrote a letter to the editor of the Sunday Island, about resthouses and noted: “I write this brief note hoping for a response from some readers.” Dr. R P Fernando from Epsom, UK, responded with his opinion titled Long ago British residents of Colombo also loved […]

Lurking danger from trained soldiers in want by Saman Indrajith United Republican Front leader, Patali Champika Ranawaka, MP, says that Sri Lanka faces the danger of becoming a ‘narco-state’ if immediate action is not taken to stop the growth of what he describes as the ‘political underworld.’ “There is a political underworld operating in this […]

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 […]

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 economy is expected to expand by 2.2 percent in 2024, according to the World Bank s latest Global Economic Prospects report issued on Friday (14).

The Colombo High Court yesterday (13) temporarily lifted the overseas travel ban imposed on the Chairman of Perpetual Treasuries Limited (PTL) Geoffrey Aloysius.The travel ban was imposed consequent to the disclosure of the PTL’s involvement in Treasury bond scams in 2015 and 2016. This order was issued when the relevant case was taken up before […]