The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall
The United States Agency for International Development (USAID) handed over a consignment of 4,700 MT of soya beans and maize to Sri Lanka Thriposha Ltd, to support the continuation of the Thriposha fortified food programme. The United Nations World Food Programme (WFP) facilitated the handover at a special event held at the Thriposha factory. This […]
About 40 Foreign Direct Investment (FDI) contracts suspended due to the economic crisis would be re-contracted as foreign investors had expressed their willingness to do so, Investment Promotion State Minister Dilum Amunugama said on Monday (25) in Kandy. Amunugama said the government expected
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.
By Shamindra Ferdinando Opposition MP Harshana Rajakaruna yesterday (25) said those who had defeated the no-confidence motion (NCM) against Health Minister Keheliya Rambukwella should peruse the latest State audit report on the Health Ministry. The Gampaha District SJB MP said the Committee on Public Accounts (COPA) at a recent meeting chaired by State Minister Lasantha Alagiyawanna had strongly [...
By Udari Abeyasinghe One of the principles of free education is to provide opportunities in higher education. In 2020, then-President Gotabaya Rajapaksa issued directives to the University Grants Commission (UGC) to increase university admissions by an additional 12,000 students, in line with his election manifesto. Subsequently, student enrollments were increased with inadequate resources allocat...
By Shamindra Ferdinando Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (25) questioned the conduct of some MPs who sought to direct public anger at officials over the economic crisis. Alleging that such an attempt had been made last year in the wake of attacks on politicians
The US Ambassador to Sri Lanka, Julie Chung, met local civil society members to discuss core anti-corruption issues. The Ambassador posted on X saying governance and economic reforms must go hand-in-hand in Sri Lanka. Julie Chung met with a coalition of civil society members, including representatives of Transparency International, Sri Lanka and the Centre for […]
The fifth Asia Pacific Forum of Ministers and Environment Authorities, the largest regional environmental event in the Asia Pacific region will convene in Colombo from October 3rd to October 6th. This forum is jointly organized by the Ministry of Environment and the United Nations Environment Programme (UNEP). During an awareness press briefing held today (25) […]
The People’s Action for Free and Fair Elections (PAFFREL) says a ministerial consultative committee’s decision to cancel the local government polls nominations will cause a loss of more than one billion rupees to the state coffers. PAFFREL Executive Director Rohana Hettiarachchi told the media that the decision to cancel the nominations in the backdrop of […]
Recent address by Dr. Sarath Gamini De Silva to the Galle Medical Association It is indeed my privilege and pleasure to be given this opportunity to address the members of the Galle Medical Association (GMA). I am grateful to the President and the Council of the GMA for inviting me as the guest of honour […]
University teachers are scheduled to stage a protest opposite the University Grants Commission at Ward Place, Colombo, today (25) against what the Federation of University Teachers’ Associations (FUTA) calls the government’s irrational policy on education and unfair taxation. FUTA General Secretary Dr. Athulasiri Samarakoon said that the university teachers also opposed the government’s inability ...
The Lawyers’ Collective condemns the latest version of the Anti-Terrorism Bill and the Online Safety Bill gazetted in September 2023. The Government of Sri Lanka has failed to respond to the serious and fundamental concerns raised about the Anti-Terrorism Bill gazetted in March this year. The government also failed to adopt any transparent and accountable […]
By N Sathiya Moorthy First, it was former Central Bank Governor Dr Indrajith Kumaraswamy. He was the chosen man of President Ranil Wickremesinghe, the then Prime Minister, for the job after his previous choice from Singapore, Arjuna Mahendran, scooted away in the light of the ‘bonds scam’ expose. The man is yet to be traced, for […]
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage.The post Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
by Rex Clementine The Asia Cup final last Sunday was a bitter pill to swallow. While 35,000 adoring fans turned up at RPS paying through the nose to witness a good game of cricket, most streets in the country were deserted as millions of ardent fans watched the proceedings on television with keenness hoping for […]
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last instalment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh […]
The U.S. Ambassador to Sri Lanka Julie Chung said stability should not come at the sacrifice of the values of freedom of expression, whether through peaceful protest, expression through the arts, or through social media.The post Stability should not come at the sacrifice of values of freedom of expression: U.S. Ambassador appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has called for reform in multilateral institutions like the UN, particularly the expansion of the Security Council’s composition. President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri...
Sri Lanka President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday (September 21) which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges.The post Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and global solidarity appeared first on ONLANKA - Sri L...
President Ranil Wickremesinghe addressed the UN General Assembly in New York on Thursday (21) on the theme “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but has managed to […]
Abolition of time-tested Exchange Control Act Only 18 opposed it and 113 skipped vote By Shamindra Ferdinando Amidst allegations that the abolition of the time-tested Exchange Control Act of 1953 contributed to the country’s bankruptcy and foreign exchange crisis, The Island, in terms
The President of Iran Ebrahim Raisi says there is potential to increase economic cooperation with Sri Lanka. President Ranil Wickremesinghe met Ebrahim Raisi on the sidelines of the UNGA in New York. President Wickremesinghe referred to the longstanding close cooperation with Iran and the mutual support extended by both countries to each other over the […]
Addressing the High-level Dialogue on Financing for Development, President Ranil Wickremesinghe emphasized the critical issues facing middle-income countries in times of financial distress. He drew attention to the challenges these countries face due to the lack of a common framework and procedures and stressed the need for a comprehensive plan to address the financial difficulties […]
President Ranil Wickremesinghe, speaking at the Climate Ambition Summit on the sidelines of the UN General Assembly on Wednesday (20), affirmed Sri Lanka’s commitment to the Secretary General’s accelerated climate agenda. He highlighted the importance of tangible climate actions and commended the delegates for their valuable suggestions. President Wickremesinghe drew attention to the significant e...