Category: Local News

India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the island nation, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing director M. Senthilnathan said.

The overseas travel ban imposed on Western Province Senior DIG Deshabandu Tennakoon in connection with last year’s incident at the Galle Face Green, was lifted today (July 07).

Sri Lanka’s Newly appointed Air Force Commander Air Marshal Udeni Rajapaksa paid a courtesy call on the State Minister of Defence Premitha Bandara Tennakoon at the State Ministry of Defence yesterday (July 06).

Grama Niladharis who are in permanent and active service, can now function as a Justice of the Peace (JP) in addition to their current position.

Strict laws will be implemented to curb illegal human and drug trafficking through the Indian Ocean, Sri Lanka’s State Minister of Defence Premitha Bandara Tennakoon said.

Ella Odyssey is part of Sri Lanka’s commemoration of 75 years of independence and 75 years of diplomacy testament to the country’s enduring engagement with the international community.

Two Dutch museums are handing hundreds of cultural artifacts back to Indonesia and Sri Lanka from a richly decorated cannon to precious metals and jewelry that were taken, often by force, in the colonial era.

Prices of 50 kg cement bags manufactured in Sri Lanka will be reduced from Rs. 2,600 to Rs. 2,300 with effect from today (July 06).

Laugfs Gas PLC has decided to reduce the prices of domestic liquefied petroleum gas (LPG) cylinders with effect from midnight today (July 06).

Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘C’ from ‘CC’. The issue ratings on local-currency bonds have also been downgraded to ‘C’ from ‘CC’.

The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (July 06), according to the Central Bank of Sri Lanka (CBSL).

The Sri Lankan Government intends to restructure the Ceylon Electricity Board (CEB) by September 2023, instead of running all the related entities under one institution and will run all related entities separately, Minister of Power and Energy Kanchana Wijesekera said.

A year after angry Sri Lankans stormed the president’s residence and forced his ouster during a meltdown of the economy, the island’s streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 200 basis points (bps) to 11.00 per cent and 12.00 per cent, respectively.

Nathasha Edirisooriya, who was arrested over her remarks on Buddhism, was released on bail today (July 05).

Sri Lanka’s Cabinet of Ministers on Tuesday (July 04) approved the proposal to decide on a time frame to enter into an agreement with the Japanese mission in Colombo on reactivating the discussions on the proposed Light Railway Transit (LRT) project.