Category: Local News

A group of creditors holding Sri Lanka’s international bonds said on Friday it welcomed the country’s debt restructuring agreement with official creditors, though it said a lack of transparency on deals struck so far was regrettable.

Sri Lankan youths will be conditionally allowed to enter Japan under the Special Skilled Worker (SSW) visa category for employment opportunities in the field of construction with effect from today (December 01), the Minister of Labour & Foreign Employment Manusha Nanayakkara said.

In a significant move towards infrastructural development, the renovation of dilapidated rural roads across the country is planned to commence next week, Minister of Transport, Highways & Mass Media said on Thursday (November 30).

The results of the 2022 (2023) G.C.E. Ordinary Level (O/L) Examination were released last night (November 30).

Fuel prices in Sri Lanka have been revised with effect from midnight on November 30, 2023.

Sri Lanka’s inflation accelerated in November for a second straight month as energy tariffs were raised to keep the International Monetary Fund’s $3 billion bailout on track.

Sri Lanka President Ranil Wickremesinghe left the island this morning (November 30) to attend the COP28 World Leaders’ Summit to be held in Dubai, the President’s Media Division (PMD) said.

Sri Lanka’s in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.

The Official Creditor Committee (OCC) has confirmed its agreement in principle on specific financing terms to restructure Sri Lanka’s debt in line with the parameters set in the IMF program, Sri Lanka’s Finance State Minister Shehan Semasinghe says.

Sri Lanka President Ranil Wickremesinghe has appointed Senior DIG Deshabandu Tennakoon as the acting Inspector-General of Police for three months.

A group of Sri Lanka’s creditor nations are likely to reach an agreement on debt relief and an extension of repayment deadlines for the South Asian nation, Japan’s Jiji News reported on Wednesday, without naming a source or giving any details.

The Netherlands has returned six Sri Lankan colonial-era artefacts looted by the Dutch before 267 years (1756).

Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.

Sri Lanka’s Health Ministry said that around 40 government hospitals located across the country have been closed down.

The apparel exports from Sri Lanka continued their downward trend, with October exports declining 20 percent year-on-year (YoY) to US $ 330.95 million, the data compiled by industry body Joint Apparel Association Forum (JAAF) showed.

Sri Lanka on Monday approved a proposal by China’s Sinopec (600028.SS) to build a $4.5 billion refinery, its energy minister said, making it the largest single investment in the island nation since a crippling economic crisis last year.