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State Minister for Finance Shehan Semasinghe says the agreement reached with the IMF and the staff-level agreement reached following the First Review of Sri Lanka s Extended Fund Facility (EFF) arrangement will help settle arrears owed to multilateral creditors while expediting the debt restructuring process.
Controversial businessman Lalith Kotelawala, who was accused over the misappropriation of 26 billion rupees of investments from the failed Golden Key Credit Company, passed away today. The former Chairman of Ceylinco Consolidated and the founding Chairman of Seylan Bank, Deshamanya Deshabandu Jeewaka Lalith Bhupendra Kotelawala was 84-years-old at the time of his death. He passed away while [̷...
Committed to Assisting Sri Lanka’s Economic Stability Without Political Motives – Chinese President.
Several prominent Chinese institutions have shown keen interest in extending academic and technical support for the envisioned International University on Climate Change in Sri Lanka.
State Minister for Finance Shehan Semasinghe stated that the Agreement entered with the IMF and the staff-level agreement reached following the First Review of Sri Lanka’s Extended Fund Facility Arrangement will support to settle arrears owed to multilateral creditors while expediting the debt restructuring process.
The water supply for several areas in Colombo will be suspended for a period of 15 hours today (Oct 21), according to the National Water Supply and Drainage Board (NWSDB).
Sri Lanka Police have offered a reward of Rs. 2.5 million for a tip-off about the Constable who aided and abetted the recent escape attempt of notorious underworld figure ÂHarak Kata at the Criminal Investigation Department (CID).
Sri Lankan businessman Lalith Kotelawala passed away at the age of 84 this morning (October 21).The post Lalith Kotelawala passes away appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Renowned Sri Lankan businessman Lalith Kotelawala passed away at the age of 84 this morning (21 Oct.), Ada Derana learns.
Veteran Sri Lankan traditional dancer Kalasuri, Vishwakala Keerthi Rajini Selvanayagam passed away on Friday (Oct. 20) at the age of 87.
Fresh probe on 2019 Easter Sunday carnage: C4 won’t appear before committee By Shamindra Ferdinando The UK’s Channel 4 has declined to appear before the Presidential Commission of Inquiry on the Easter Sunday carnage. The television station has said that it couldn’t reveal confidential sources or what it called confidential journalistic material. Referring to the […]
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
Having a caused a major upset, the Netherlands will have a spring in their stride when they take on a struggling Sri Lanka in the World Cup at Lucknow today. The Netherlands, who stunned South Africa in Dharamsala for their first World Cup win against a Test playing nation, will be eying an improved show […]
BEIJING, Oct. 20 (Xinhua) ––Chinese President Xi Jinping on Friday met with Sri Lankan President Ranil Wickremesinghe, who is in Beijing for the third Belt and Road Forum for International Cooperation. Noting that Sri Lanka was one of the first countries to join the Belt and Road Initiative, Xi said China stands ready to work […]
A former club cricketer from Sri Lanka defrauded his employer in Australia for nearly $250,000 which he pumped into events featuring high profile international cricketers. Navishta ‘Nav’ Desilva, 35, stole money from Omnivision, a security and surveillance company, via a series of fake purchase orders and invoices purporting to buy CCTV cameras from a legitimate […]
A man of Sri Lankan origins living in Australia has pleaded guilty to obtaining financial advantage by deception in a bid to put on T20 cricket tournaments featuring high-profile international players.
State Minister Diana Gamage has been admitted to the Sri Jayewardenepura Hospital following her claims about being assaulted by a male parliamentarian representing the main opposition.
State Minister for Finance Shehan Semasinghe stated that the Agreement entered with the IMF and the staff-level agreement reached following the First Review of Sri Lanka’s Extended Fund Facility Arrangement will support to settle arrears owed to multilateral creditors while expediting the debt restructuring process. He added that Sri Lanka is poised to receive the […]
The Court of Appeal has fixed a date to deliver the verdict of the petitions filed by specialist doctors against the decision of Cabinet of Ministers to bring down their retirement age to 60 years.
One person died and thirty two (32) others were injured when a Sri Lanka Transport Board bus plying between Badulla and Ketawatta on the Badulla – Morahela road went down an embankment at Yoda Ulpatha today (20). The injured have been admited to the Meegahakiuwla and Badulla hospitals.
Bilateral discussions between President Ranil Wickremesinghe, who is on an official visit to China and Chinese President Xi Jinping took place at the Great Hall of the People today (20) President Xi Jinping reiterated China’s commitment to the “One China” policy and expressed gratitude for Sri Lanka’s support for the “Belt and Road” initiative. He […]
Heavy machine gun fire was heard along the Israel-Gaza border in the early hours of Friday, after the green light was given for a ground invasion. Yoav Gallant, the Israeli defense minister, on Thursday visited troops positioned along the Gaza border, and told them that they would soon see the Palestinian enclave ‘from inside’. An infantry commander in […]
Indices at the Colombo Stock Exchange (CSE) recorded significant gains today (Oct. 20).
Sri Lanka Parliament has unveiled the program for the parliamentary sittings for the presentation of the Appropriation Bill (The Budget) for the fiscal year 2024.
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Public Utilities Commission of Sri Lanka (PUCSL) has granted approval for the Ceylon Electricity Board (CEB) to increase electricity tariffs by 18% with effect from today (October 20).The post Sri Lanka’s electricity tariffs increased by 18% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The U.S. State Department on Thursday advised all U.S. citizens worldwide “to exercise increased caution” due to “increased tensions in various locations around the world, the potential for terrorist attacks, (and) demonstrations or violent actions against U.S. citizens and interests.”The post U.S. State Department urges all Americans overseas ‘to exercise increased caution’ in worldwi...
China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Ceylon Chamber of Commerce has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF).