The International Monetary Fund s (IMF) Senior Mission Chief for Sri Lanka, Peter Breuer stated that there is no fixed timeline for the disbursement of the second tranche of the IMF s Extended Fund Facility (EFF) to Sri Lanka and that two important things are needed to be satisfied for the matter to be fulfilled.

Some members on the committee of Sri Lanka s official creditors are pushing to reach a deal to restructure the nation s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter.

A cabinet paper pertaining to the tax-free importation of vehicle parts for one company registered under the Board of Investment (BOI) has reportedly been submitted, the Vehicle Importers Association of Sri Lanka claimed.

The officers of the Narcotics Control Unit of Sri Lanka Customs have detained five passengers at the arrival terminal of the Bandaranaike International Airport (BIA) in Katunayake for attempting to smuggle a stock of gold biscuits and jewellery into the country, early this morning (27).

The Department of Railways says it has taken steps to increase inspections to detect commuters who are travelling by train without purchasing tickets.

England claimed a 1-0 ODI series win against Ireland in farcical circumstances after the third ODI at Bristol was abandoned 31 overs into the first innings due to rain, with water also getting onto the pitch. England had reached 280 for 4, with Ben Duckett striking a maiden ODI ton to build on a fast […]

The United States Agency for International Development (USAID) handed over a consignment of 4,700 MT of soya beans and maize to Sri Lanka Thriposha Ltd, to support the continuation of the Thriposha fortified food programme. The United Nations World Food Programme (WFP) facilitated the handover at a special event held at the Thriposha factory. This […]

Foreign Minister Ali Sabry on Monday (25) said that terrorists had found safe haven in Canada and the Canadian Prime Minister Justin Trudeau had come out with the outrageous allegations against India without any proof. Sabry was reacting to the ongoing diplomatic row between India and Canada. Speaking exclusively to ANI, Sabry said he was […]

India consulted, concerns raised by US Foreign Minister Ali Sabry, PC, has denied that the government granted permission for Chinese research vessel Shi Yan 6 to visit the Colombo port late next month. Sabry told the media in New York on Monday (26) that Colombo had not given permission for the Chinese vessel to dock. […]

The Trincomalee Magistrate’s Court yesterday (26) prohibited the commemoration of LTTE cadre ‘Thileepan’ who died on 26 Sept., 1987, during a fast against the IPKF. The court order came as several events were scheduled to be held in Trincomalee yesterday. The Trincomalee Court banned any sort of celebrations, demonstrations, parades or protests commemorating Thileepan in […]

Two Sri Lankans have surrendered to the Malaysian police over the killing of three Sri Lankans in Sentul, Kuala Lumpur, Malaysian media reported yesterday (26) Malaysian police last Friday (22) found the bodies of three men piled up on top of each other, with their limbs tied and heads covered in plastic bags, at a […]

About 40 Foreign Direct Investment (FDI) contracts suspended due to the economic crisis would be re-contracted as foreign investors had expressed their willingness to do so, Investment Promotion State Minister Dilum Amunugama said on Monday (25) in Kandy. Amunugama said the government expected to attract about 2 billion US dollars this year as FDIs. The […]

The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.

Sri Lanka s merchandise exports increased by 6.98% to USD 1,091.6 million in August 2023 compared to July 2023, the Export Development Board (EDB) said today (Sept. 26).

The makers of British television network Channel 4 s documentary on the 2019 Easter Sunday terror attacks in Sri Lanka have admitted that they do not have credible evidence to support the claims made by Azad Maulana, the whistleblower who made serious allegations about the complicity of state officials.

Chair of the Sectoral Oversight Committee on National Economic and Physical Plans, Mahindananda Aluthgamage at a press conference held today (26) at the Presidential Media Centre under the theme ‘Collective Path to a stable country’ emphasized the need to establish a dedicated unit for overseeing institutions responsible for generating tax revenue, including the Inland Revenue […]

It’s official – Sri Lanka will be without Dushmantha Chameera and Wanidu Hasaranga at the ODI World Cup. Dasun Shanaka,  whose role as captain had been under much speculation over the past few weeks, will lead the side in India through October and November. The rest of the 15-member squad has formed up as expected, […]

President Ranil Wickremesinghe, in his address at the 2023 Commercial Mediation Symposium at Colombo’s Hilton Hotel, emphasized the need for a cultural shift towards efficient dispute resolution in Sri Lanka. He acknowledged the long-standing reliance on trial courts and stressed the importance of embracing alternate dispute resolution methods. Highlighting the government’s commitment, he mentione...