(PTI) The IMF chief Kristalina Georgieva yesterday (4) said she is pleased the Washington-based lender and the Sri Lankan government have reached a staff-level agreement to provide about $2.9 billion to help the bankrupt country, terming the deal as an “important step forward.” The International Monetary Fund (IMF) on Thursday announced that it will provide […]

Sri Lanka’s High Commissioner in New Delhi, Milinda Moragoda, has declared that the preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka could receive $2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic recovery, but would provide the country and investors “confidence” to […]

Sources close to Rajapaksa say he will not involve in active politics again

The budget is aimed at almost doubling the tax-to-GDP ratio to 15 percent by 2025 from 8.2 percent.

WFP has secured 1,475 metric tons of rice and 755 metric tons of iron-fortified rice to support 1 million children.

Thursday 1st September, 2022 There is absolutely no need for aliens to take the trouble of undertaking intergalactic missions to destroy this planet. The so-called big powers vying for global dominance are already at it, and the signs are that they will succeed in their endeavour. The entire world is reeling from the war in […]

Wickremesinghe is budgeting in a sea of monetary instability

By CHANDRA FERNANDO Educational Consultant, USA The last few months of this year have been a time of great anxiety and much hardship for the people of Sri Lanka. No matter on which side of the political divide one stands, common problems converge into a cloud of nervousness, unease and uncertainty. Sri Lankans have not […]

Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]

"If there is no flour, we simply cannot produce,” said Jayawardena.

He said the new mechanism, upon its completion, will also ensure that transparent laws and systems are in place.

UNP Chairman Wajira Abeywardena has declared that political parties represented in parliament should agree on a set of polices that should remain unchanged for a period of 25 years.A statement issued by the UNP quoted UNP National List MP Abeywardena as having told the media that a system should be in place to prevent overnight […]

Motorists see queues again as many filling stations have run out of fuel stocks.

Sri Lanka is facing a looming food shortage after ban on fertilizer import

"This is a positive step and I am positive that the winter tourism season will perform well."

The UK no longer advises against all but essential travel to Sri Lanka

As of August 23 more than six million vehicles have signed up for the QR system.

Muzaffarabad ..., August 13 (ANI): Districts of Pakistan-occupied Kashmir (PoK) are witnessing massive protests against the Pakistan government’s plan to bring in the 15th Constitutional Amendment that will transfer the financial and administrative powers of the local government to Islamabad, local media reported. The citizens of all 10 districts of the region are infuriated at […]

By Haroon Janjua Despite gaining independence 75 years ago, Pakistan has yet to rid itself of economic and political crises. As Pakistan marks 75 years of independence this weekend, Islamabad has not planned any special events, aside from a flag-raising ceremony, a fireworks display in the capital and the introduction of a new 75 rupee […]