The Ministry of Finance yesterday said that the focus of envisaged Rental Income Tax was on high-wealth individuals, and not on average income earners. In a statement titled ‘Clarification on Imputed Rental Income Tax’ the Ministry said: The recent publication of the International Monetary Fund (IMF) supported Extended Fund Facility (EFF) programme related documents make […]

The Israeli military said on Sunday it would hold daily tactical pauses in military activity along a main road in southern Gaza to allow more aid to flow into the enclave, where international aid organisations have warned of a growing humanitarian crisis.

Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting to recover, but the economy was “still vulnerable and the path […]

Convicted felon Trump says he prefers to be electrocuted rather than eaten by sharks by Vijaya Chandrasoma The news about the commemoration of the 80th anniversary of the D-Day invasion of the Normandy beaches by allied forces on June 6, 2044 was breaking as I was finishing my column last week. I was not able […]

World leaders are gathering in Switzerland for a summit aimed at pressuring Russia to end its war in Ukraine,  but the absence of powerful allies of Moscow such as China is expected to blunt its potential impact. United States Vice President Kamala Harris and the leaders of Britain, Canada, France, Germany, Italy and Japan are […]

The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka Peter Breuer stated that the IMF fully respect the democratic […]

Groundbreaking solar-powered battery swapping stations recognized for their impact on sustainable urban mobility and economic development in Sri Lanka  The U.S. Embassy announced on Friday that Sri Lanka’s USAID-funded Sri Lanka Energy Project (SLEP) has received top honours at the 2024 annual conference for the Society for International Development, the premier U.S. event for international [̷...

Nepal, which earlier hesitated to completely pivot towards China because of several economic and geopolitical factors, seems to have tilted heavily towards its big northern neighbor, giving it an opportunity to further increase its footprint in the Himalayan country’s political, economic, and social space. Yet what concerns Nepal watchers the most is the Himalayan nation’s […]

By Saman Indrajith Prime Minister Dinesh Gunawardena and Opposition and SJB Leader Sajith Premadasa yesterday congratulated Indian Prime Minister Narendra Modi on the victory recorded by his party BJP-led National Democratic Alliance at the Indian elections. Both the Prime Minister and the Opposition Leader said that the victory would further elevate the bilateral relations between […]

By Shamindra Ferdinando Attempts had been made to compel UNP leader Ranil Wickremesinghe to give up the premiership immediately after the then President Gotabaya Rajapaksa had left Janadhipathi Mandiraya in the early afternoon of July 09, 2022. That had been the devious Aragalaya strategy meant to pave the way for Speaker Mahinda Yapa Abeywardena to […]

Sri Lanka s Minister of Foreign Affairs Ali Sabry says that the western countries have shown their double standards by turning a blind eye to the crisis in Gaza and that, serious amendments must be made to the international laws on how the United Nations functions in order to protect

By Dr Upul Wijayawardhana Whilst THE USA and its allies continue to hound Sri Lanka for defeating terrorism, finding flimsy excuses for their warped actions, they seem to be turning a blind eye to the atrocities committed by their ally, Israel which continues to massacre the innocent breaking all rules with impunity. Their hypocrisy seems […]