Category: Local News

Inflation in Sri Lanka’s Colombo district rose in June, primarily due to higher food prices, but it remains below the Central Bank’s medium-term target of 5 percent.

Under the “Aswesuma” Welfare Benefit Payment Program in Sri Lanka, the Welfare Benefits Board has deposited Rs. 11.6 billion into the bank accounts of 622,495 beneficiaries in the transitional and vulnerable categories on Thursday, June 27, for the June 2024 payments.

Sri Lankan President Ranil Wickremesinghe presided over the launch of the book “The Army Commander’s Promise to the Nation: I Will Not Leave This War to the Next Army Commander,” authored by Field Marshal Sarath Fonseka.

The bus fare in Sri Lanka will be reduced by five percent starting July 1, 2024, according to Anjana Priyanjith, secretary of the Inter Provincial Private Bus Association (IPPBA).

Residents in Colombo and its suburbs will face a 15-hour water cut tomorrow (June 29), as announced by the National Water Supply and Drainage Board (NWSDB).

Former Member of Parliament Hirunika Premachandra has been sentenced to three years in prison by the Colombo High Court today (June 28).

The Defence Advisor (DA) for the Australian High Commission in Sri Lanka, Colonel Amanda Johnston, and the Commanding Officer of the Peace Operations Training Centre (POTC) of the Australian Government, Lieutenant Colonel Mike Webbe, visited the Institute of National Security Studies in Sri Lanka on June 27, 2024.

The Chairman of the ‘Magen Ratata’ organization, Sanjaya Mahawaththa, was arrested by the Criminal Investigation Department (CID) last night (June 27).

Sri Lankan Police have arrested 60 Indian nationals who are allegedly involved in online financial scams.

Sri Lanka has made significant progress toward achieving debt sustainability by reaching agreements with China and other creditor nations to restructure approximately $10 billion in bilateral debt, as stated by the International Monetary Fund (IMF) on Thursday, Reuters reported.

Former Sri Lankan President Mahinda Rajapaksa departed for a four-day official visit to China this morning (June 27), where he will engage in discussions with Chinese Premier Li Qiang and Foreign Minister Wang Yi.

India on Wednesday welcomed Sri Lanka’s debt restructuring agreement with a group of creditor nations and said it will continue to support the island nation’s economic recovery, including by promoting long-term investments.

Sri Lankan President Ranil Wickremesinghe emphasized that a final agreement was concluded with Sri Lanka’s main official bilateral creditors in Paris this morning (June 26), marking the end of debt restructuring negotiations with the Official Creditors’ Committee (OCC).

The United States has welcomed the final agreement on debt restructuring between Sri Lanka and creditor nations, reached today on the sidelines of the Paris Forum 2024.

Sri Lanka Cricket (SLC) announced that Mahela Jayawardena, who served as the ‘Consultant Coach’ of SLC, has resigned with immediate effect.

Sri Lanka has signed agreements with the Export-Import Bank of China (EXIM) in Beijing to restructure $4.2 billion of its debt, according to the President’s Media Division (PMD).