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COLOMBO (News 1st); Sri Lankan Prime Minister Ranil Wickremesinghe said that he accepted the post of Prime Minister as the economy was in disarray. He said the IMF has noted that around four years would be required to stabilize the economy, the first year is the worst. “I understand
Stax, the global management consultancy with a strong presence in Sri Lanka announced the launch of ‘Stax Academy’, the firm’s learning platform for up-skilling future business leaders to take-on the challenges of the global economy. Given Sri Lanka’s present economic climate, students
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Presidential secretariat statement comes after a statement from the Prime Minister's office.
"Victory to the motherland, victory to the people, victory to the aragalaya," he said.
The Bar Association of Sri Lanka (BASL) has condemned the all acts of damage to property including the burning of the private residence of the Prime Minister Ranil Wickremesinghe and appealed to the people not to resort to violence and not to cause harm to the persons and property of individuals. In a statement the […]
In a statement issued yesterday, the Church of Ceylon joined the Catholic Church and several Buddhist prelates in calling for the resignation of the president and prime minister. A statement signed by the Right Reverend Keerthisiri Fernando, Presiding Bishop of the Church of Ceylon and the Right Reverend Dushantha Rodrigo Bishop of Colombo, said that […]
n a wide ranging Colombo datelined story published on Thursday, The Guardian, the widely respected British newspaper, has laid bare the inside story of Sri Lanka’s current predicament in a report headlined “‘The family took over:’ how a feuding ruling dynasty drove Sri Lanka to ruin.” Written by Hanah Ellis-Peterson the report offers damning quotes […]
Statement signed by 15 Bishops calls for government to take drastic action to tackle economic crisis Lankan bishops have urged the government to provide a relief package for the poor amid the worst economic crisis since independence in 1948.The foreign exchange crisis has led to a shortage of essential commodities while people queue for hours […]
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The police ordinance does not have a provisions for the imposition of such a curfew
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Protesters, however, vowed to agitate as planned and oust Gotabaya Rajapaksa
Organisers expect Saturday’s protest to revitalise the Argalaya.
The Ambassador of the United States to Sri Lanka, Julie Chung says chaos and force will not fix the economy or bring the political stability that Sri Lankans need right now.
The United States (US) has asserted the need to ensure protests in Sri Lanka are peaceful. The US Ambassador to Sri Lanka Julie Chung tweeted saying violence is not an answer. “If you are going to protest, please do so peacefully. And reminding military & police to grant peaceful protesters the space and security to […]
Countries already under pressure from the economic fall-out of the COVID-19 pandemic, risk seeing the same economic turmoil and human misery as Sri Lanka, the UN said. “We’re witnessing a tragic series of events that are unfolding in Sri Lanka right now that should be a warning to anyone who thinks that, you know, it […]
Buddhist monks are angry with Rajapaksa also because people have started to turn against them for backing him
Anti-government protesters have planned a massive agitation on Saturday to oust President Rajapaksa
Urges budget deficit and SOE losses to be contained to stop printing money
Kiddies & Toys International (KTI), a subsidiary of leading Sri Lankan conglomerate LIMRA Holdings Limited, has launched PLEX toys in India by unveiling its first toy range “The Playing Blocks”. The toys were launched in partnership with Viacom18 Media, India’s fastest growing entertainment network and a house of more iconic brands including Nick and Nick […]
Sri Lanka is desperate for fuel and has been requesting for help from many countries.
"Because we have a threat of risk to the banks as well."
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Says economy could contract 7-pct in 2022
In an interview with Al Jazeera, Sri Lankan prime minister Ranil Wickremesinghe said he is confident he can turn the economy around  but cautioned it will take 18 months before stability returns.