Power and Energy Minister Kanchana Wijesekara told Parliament yesterday that fuel prices would be reduced considerably according to the fuel price formula at the next fuel price revision, due in April. The Minister said that the government would be able to procure fuel shipments, at lower prices, during competitive bidding, with the receipt of the […]

By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]

• The IMF Board approved a 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 2.286 billion (about US$3 billion) to support Sri Lanka’s economic policies and reforms. • The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock […]

The Sri Lankan national team of two sailors and one windsurfer, with the Navy team of a sailor and a windsurfer, were invited to participate at the first Chief of Navy Staff International Sailing Regatta 2023 held from March 14 to 20 in Karachi, Pakistan. Twelve countries including Australia, Bahrain, Croatia, Egypt, China, Kazakhstan, Malaysia, […]

Chairman of the Uththara Lanka Sabhagaya (ULS) Wimal Weerawnsa, MP, has questioned the failure on the part of the Janatha Vimukthi Peramuna (JVP) to protest against the recent clandestine visit here by Central Intelligence Agency (CIA) Director, William Joseph Burns. The Jathika Nidahas Peramuna (JNP) leader, Weerawansa, said that at the time he represented the […]

The Third Meeting of the Indian Ocean Rim Association s (IORA) Working Group on Maritime Safety and Security (WGMSS) chaired by Sri Lanka was held in Colombo on Monday (March 20) with the participation of the 23 IORA member states.

Sri Lanka s High Commissioner to India Milinda Moragoda met with the Minister of Finance and Corporate Affairs of India Smt. Nirmala Sitharaman in New Delhi today (March 21).

The National Consumer Price Index (NCPI) for the month of February 2023 was recorded at 53.6%, as measured by the Year-on-Year change, the Department of Census and Statistics (DCS) revealed in its latest report.

Senior Advisor to the President on National Security and Chief of the Presidential Staff Sagala Ratnayake has emphasised on the need to hold public officials accountable in matters such as financial control, anti-corruption measures, and adherence to the rule of law, if Sri Lanka is to recover from its ongoing crisis.

Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral and global financial agencies, a senior economist at Moody s Analytics told Reuters on Tuesday.

Sri Lanka has moved up 15 places on the World Happiness Report, having ranked 112th in the annual survey of how satisfied citizens are worldwide.

A Sri Lankan delegation comprising of Minister of Justice Wijeyadasa Rajapakshe and Minister of Foreign Affairs Ali Sabry have left for South Africa this morning (March 21).

The Central Bank of Sri Lanka (CBSL) has announced the official US dollar exchange rates for Tuesday (March 21). more..

Sri Lanka, with the help of its legal and financial advisors, must present a debt restructuring strategy before the end of April 2023 in order to reach the International Monetary Fund s targets to achieve debt sustainability, Peter Breuer, the IMF Asia Pacific Department s Senior Mission Chief for Sri Lanka said today.

In a special statement following the approval of the extended credit facility by the Executive Board of the International Monetary Fund (IMF), President Ranil Wickremesinghe emphasized that Sri Lanka is no longer deemed bankrupt by the world.

The proposal to Parliament that all courses and exams conducted at the Sri Lanka Law College should be held in English has been defeated.

Sri Lanka State Trading Corporation (STC) says that all required steps have been completed to ship the first consignment of eggs imported from India.

Efforts to increase tax revenues should be pursued in a growth-friendly manner while protecting the poor and vulnerable people, says Peter Breuer, the IMF Asia Pacific Department s Senior Mission Chief for Sri Lanka.