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“I invite anyone from the Aragalaya to take my place,” he said.
The United Nations team in Sri Lanka and non-governmental organisations launched a joint Humanitarian Needs and Priorities (HNP) Plan today, calling for US$47.2 million to provide life-saving assistance to 1.7 million people worst-hit by the economic crisis over a four-month period, from June
Sri Lanka had been expecting its worst food crisis in Aughts this year.
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Former Finance Minister Basil Rajapaksa resigned from his seat in Parliament today. The former Minister said that he has handed over his resignation letter to Parliament. “I am now an ordinary citizen of Sri Lanka,” he told reporters today. He said that the Sri Lanka Podujana Peramuna (SLPP) will now be able to appoint a […]
The Sri Lankan government has announced that Muslims would be allowed to perform Hajj this year provided they pay their travel costs in foreign currency, as the country faces its worst economic crisis in recent memory.
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
Business tycoon and one of the most wealthiest people in Sri Lanka, Dhammika Perera, is tipped to enter Parliament. He is likely to replace former Finance Minister Basil Rajapaksa who is set to resign from his MP seat tomorrow. Dhammika Perera will enter Parliament through the National List of the Sri Lanka Podujana Peramuna (SLPP). […]
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine
Tamil National Alliance (TNA) Parliamentarian M.A Sumanthiran says Parliament must be dissolved as it has lost its mandate. Speaking in Parliament today, the MP said that there are various groups now in the Government and outside calling themselves independent MPs. The TNA MP said that the Parliament no longer consists of a Government side and […]
China is willing to play an active role in helping Sri Lanka deal with its debt burden along with other countries and international organizations, Foreign Ministry spokesperson Zhao Lijian said at a regular press conference on Wednesday. Sri Lankan President Gotabaya Rajapaksa recently said in an interview that, “China appears to be shifting its strategic focus […]
Sri Lanka is in the process of debt restructuring before going for an IMF programme
Prime Minister Ranil Wickremesinghe held a discussion last evening with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, regarding the current economic situation in the country. The Prime Minister requested that the staff-level delegation from the IMF visit Sri Lanka as soon as possible so that the staff-level agreement could be finalised, […]
Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions became the first billion-dollar tech multinational to stand in solidarity with Sri Lanka during the current crisis, with its senior-most leadership team visiting the island recently
The measures include a surcharge for petrol users and sharp increase in revenue licence.
Peiris visit comes when Sri Lanka is going through its worst economic crisis and is seeking international funding.
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
Investments at the Colombo Port City will get 40-year tax concessions, Minister Bandula Gunawardana said today. The Cabinet Spokesman said that the Cabinet had decided to offer the concessions to draw more investments to the Port City. He said that in a competitive world other countries are offering attractive concessions to draw investors. The Minister […]
India is to provide a USD 55 million loan for Sri Lanka to purchase urea. The loan will be provided through the Export-Import Bank of India (EXIM Bank). The Cabinet has approved a proposal submitted by Prime Minister Ranil Wickremesinghe as the Minister of Finance, Economic Stabilization and National Policies to sign the agreement. The […]
“Japan is our long time friend; a nation that has helped our country greatly. But they are now unhappy with us."
Wickremesinghe also warned against being hyper-focused on the past.
Foreign expatriates have stopped sending money through banking channels as black market gives them more rupees.
"We have to work hard from this point onwards to ensure the next harvest is a success."
“We know that farming families who cultivate paddy on small lands are in a very precarious position."
ECONOMYNEXT – Sri Lanka has to raise taxes on the people but they will also have to be accompanied by spending cuts, opposition legislator and former State Minister for Finance Eran Wickremeratne said after value added tax and telecom fee was raised and more taxes were announced.Sri Lanka raised revenues under an International Monetary Fund program after 2015, though spending also went up du...
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Video: Sri Lanka's endless fuel crisis (English)
SLC expects a considerable collection from ticket sales