Category: Local News

The United Kingdom has decided to move Sri Lankan refugees seeking asylum from the British-claimed Chagos Islands to ‘a safe third country,’ unless they returned to Sri Lanka ‘voluntarily’.

A single mother of two was forced to sell her priceless house in Sri Lanka to pay 65,000 Sri Lanka rupees for the family’s journey to India.

The newly-gazetted personal income tax will be implemented from November 1, 2022 after the approval by the Finance Committee of the Parliament of Sri Lanka and the signature of the Speaker.

Sri Lanka’s National Consumer Price Index (NCPI) rose to a new high of 73.7% in September from a year earlier, quickening from 70.2% in August, the statistics department said.

The 22nd Amendment to the constitution was passed with amendments by a two-thirds majority in Parliament of Sri Lanka shedding a few powers of the Executive President.

The Ceylon Petroleum Corporation (CEYPETCO) today (October 21) said that it has not been able to make payments for a Crude Oil shipment of 100,000 metric tons anchored in the Port of Colombo.

Sri Lanka’s 70% inflation is hitting its peak as crippling shortages ease and bailout funds look within reach, yet it’s far from putting the central bank governor at ease.

Emphasising on the need to attain self-reliance, India’s Minister of State for Defence and Tourism Ajay Bhatt said Sri Lanka was in such a bad economic crisis that its security forces were unable to pay the nominal fees for training exercises in India.

Sri Lankan lawmakers began debating a proposed constitutional amendment on Thursday that would trim the powers of the president, a key demand of protesters who are seeking political reforms and solutions to the country’s dire economic crisis.

There is no alternative other than taking assistance from the International Monetary Fund (IMF) for reviving the country’s economy, The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe said.

The maiden harvest of a green apple plantation in Sri Lanka was presented to President Ranil Wickremesinghe this morning (October 20) at the Presidential Secretariat.

Sri Lanka’s Supreme Court has determined that the ‘Bureau of Rehabilitation’ bill as a whole is inconsistent with Article 12(1) of the Constitution and as such may be enacted only by the special majority required by Article 84(2) of the Constitution.

Assistant Secretary of State for South and Central Asian Affairs Donald Lu who is currently on an official visit to Sri Lanka met with President Ranil Wickremesinghe and assured to support Sri Lanka during this difficult period.

Delivering a special statement on tax policy today (October 19), Sri Lankan President Ranil Wickremesinghe explained the cause of recent tax implementation and elaborated on the progress made with regard to debt restructuring.

The World Bank, in its Sri Lanka Development Update (SLDU), emphasises that the first step the country should take is to determine the current needs of the population in a transparent and unbiased manner.

The Embassy of Sri Lanka in Moscow has secured a long-term Credit Line from the Government of the Russian Federation in order to procure fuel to Sri Lanka, the embassy said.