Category: Local News

The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 07).

Sri Lankan President Ranil Wickremesinghe says that Sri Lanka has received a new letter from Export-Import Bank of China (EXIM Bank), confirming the assurances given by the Chinese government to restructure Sri Lanka’s debt.

China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund (IMF).

U.S. Secretary of the Treasury Janet L. Yellen on Monday spoke with Sri Lankan President Ranil Wickremesinghe and expressed support for Sri Lanka’s steps towards an IMF-supported program to advance economic reform and achieve a strong and durable recovery.

Sri Lankan drug trafficking and wanted criminal duo Nadun Chinthaka alias “Harak Kata” and Salindu Malshika alias “Kudu Salindu”, have been arrested by Madagascar’s security authorities, foreign media reported.

Eight police officers and two civilians were injured following a clash which had broken out this evening (March 06) when residents at Attanayala in Weeraketiya had allegedly obstructed police from carrying out their duties.

Sri Lanka’s 6th Periodic Review under the International Covenant on Civil and Political Rights (ICCPR) will be held on March 8 and 9 in Geneva.

Colombo sees the Adani projects in Sri Lanka as a “government to government kind of deal”, said Sri Lankan Foreign Minister MUM Ali Sabry, as it was the Indian government that had identified the Adani group for infrastructure projects including Northern Sri Lanka wind power project.

Two suspects including the shooter wanted in connection with the shooting and killing of a businessman who was found shot dead in his vehicle at Pinwatta in Panadura had been arrested, police said.

Renowned British supermodel Naomi Campbell features a pack of Sri Lankan made “Samahan,” as an essential product she keeps with her for a strong immune system.

The Government will be winding up or transferring the powers of more than 100 commissions, agencies and advisory boards, after revelations that their services were not needed or could be performed by existing institutions.

Litro Gas Lanka Ltd., has decided not to increase the prices of domestic gas considering the appreciation of the Sri Lankan rupee against U.S. Dollar.

Sri Lanka’s State Minister of Finance Ranjith Siyambalapitiya stated today (March 04) that the government will honour the Supreme Court’s interim order barring the withholding of funds allocated for the 2023 Local Government Election.

The International Monetary Fund (IMF) today praised the Central Bank of Sri Lanka’s (CBSL) decision to raise the policy rate and said it “shows its commitment to reduce inflation more quickly and firmly towards the single-digit target.”

Sri Lanka’s central bank raised interest rates in an unexpected move on Friday in a bid to help the country secure a bailout package from the International Monetary Fund (IMF) to stabilise its crisis-hit economy.

The Supreme Court has issued an order preventing the Finance Ministry’s secretary from withholding the funds allocated for Local Government Election 2023 through the 2023 Budget.