Category: Local News

The Unit 2 generator of Lakvijaya Power Plant in Norochcholai is inoperative from Friday night (November 17) due to the high-pressure heater system of the generating unit having suffered an emergency breakdown, the Ceylon Electricity Board (CEB) says.

Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors a key sticking point with countries like India paving the way for more loans from the International Monetary Fund.

Sri Lanka President Ranil Wickremesinghe on Thursday (November 16) announced the implementation of the “English for All” program in all schools and universities across the country by 2030.

Sri Lanka has been elected to the Executive Board of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the term 2023-2027, during the 42nd General Conference of the inter-governmental organization on Wednesday (November 15) in Paris.

Education Minister Susil Premajayantha has instructed the officials of the Zonal Education Office to conduct an investigation and to provide an immediate report into the death of the grade 1 student and several others being injured after a wall made of concrete with taps collapsed in the Weheragoda Junior School in Wellampitiya yesterday (November 15).

Ambassador of France to Sri Lanka H.E. Jean-François Pactet engaged in friendly discussions with the State Minister of Defence Premitha Bandara Tennakoon when he called on him at his office in Colombo on Wednesday (November 15).

The targets laid out in Sri Lanka’s 2024 budget, particularly with regards to revenue and fiscal deficit, would be challenging to meet even with the economic recovery that is expected to continue next year, Fitch Ratings yesterday (November 15) said.

A 06-year-old child has died while five other students were injured after a wall of Weragoda School in Wellampitiya collapsed on a group of students.

Sri Lanka’s State Minister of Finance, Shehan Semasinghe says the anticipated economic growth for the year 2024 is projected at 1.8%.

The head of a wild elephant which had separated from its trunk was found in Kirindi Oya, Sri Lanka by local residents.

Sri Lanka President Ranil Wickremesinghe underscored his desire for a resurgence of cricket in the country, linking its revival to the broader economic recovery.

Sri Lanka’s Supreme Court today (November 14) ruled that former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa and former Finance Minister Basil Rajapaksa and several others are responsible for the economic crisis in Sri Lanka due to mismanaging the economy between 2019 and 2022.

Anura Kumara Dissanayake, the leader of National People’s Power emphasizes that Instead of providing lasting solutions to the deep economic crises that have arisen in the country, the budget presented by President Ranil Wickremesinghe is pushing our country, people and the economy back to the old failed path.

A bull run in Sri Lanka’s defaulted bonds may be nearing its end as investors turn skeptical over more gains with a successful debt revamp already priced in.

Sri Lanka’s government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump in revenues which are crucial to keep its bailout programme from the International Monetary Fund afloat.

Sri Lanka President Ranil Wickremesinghe in his capacity as Minister of Finance commenced presenting the Budget Speech 2024 at 12:00 PM today (November 13).