Category: Local News

Sri Lanka’s central bank signaled it will pause after cutting interest rates for a fourth time this year as the economy gradually recovers from its unprecedented crisis and inflation bottoms out.

State Minister Diana Gamage’s request seeking an enjoining order preventing Opposition Leader Sajith Premadasa from functioning as the leader of Samagi Jana Balawegaya (SJB) and Ranjith Madduma Bandara as the SJB General Secretary was rejected by the Colombo District Court today (November 24).

Underworld activities and drugs in Sri Lanka have increased due to the Aragalaya, Public Security Minister Tiran Alles said on Thursday (November 23).

Supermarket manager Laknath Dias says the economic crisis in his native Sri Lanka is too much for him to bear. He is getting ready to fly to Israel in December to work as a farmhand for nearly 10 times the pay, despite the war with Hamas.

Sri Lanka President Ranil Wickremesinghe has announced that Presidential and Parliamentary elections will take place in 2024.

A meeting between the British High Commissioner in Sri Lanka, Andrew Patrick and the leader of the National People’s Power (NPP), Anura Kumara Dissanayake was held at Janatha Vimukthi Peramuna (JVP) headquarters on Wednesday (November 22).

Transport, Highways and Mass Media Minister Bandula Gunawardana yesterday (November 22) said that a request has been made to digitalise all operations at the exit and entry points of Expressways to ensure an efficient service free from corruption.

State Minister Sanath Nishantha was suspended from Parliament sessions for two weeks from today (November 22) over the unruly behaviour in Parliament yesterday (November 21).

Sri Lanka’s All-Island Expressway Workers’ Union has initiated a 24-hour token strike this morning (November 22).

Rs. 10 billion allocated for potential future elections in Sri Lanka, State Minister for Plantations, Enterprise Reforms and Finance, Ranjith Siyambalapitiya announced.

Sri Lanka has entered into an agreement with Israel to send workers to be employed in the latter’s agricultural sector, Cabinet Spokesperson Minister Bandula Gunawardana said.

The second reading of the budget 2024 was passed in Parliament of Sri Lanka with a majority of 45 votes today (November 21).

Sri Lanka’s consumer price inflation rose to 1% in October year-on-year from 0.8% in September, the statistics department said on Tuesday.

RM Parks Inc, a leading petroleum products distributor in the United States signed an agreement with the Board of Investment (BOI) for U$ 110 million to bring Shell products to Sri Lanka.

Sri Lanka, which expects a loan of USD 300 million from the International Monetary Fund (IMF), has imported some commonly grown food such as taro roots (Kiri Ala), garlic, potatoes, tomato, papaw, water melon, long beans, pineapple etc. at a cost of USD 295 million last year, SLPP MP Madura Vithanage said yesterday (November 20).

For the first time in the history of Sri Lanka, the country obtained Rs. 3 trillion (Rs. 3,000 billion) in tax revenue for 2023.