Category: Local News

The International Monetary Fund (IMF) has instructed the Sri Lankan government to tax all those who draw a salary or a monthly income of over Rs. 45,000 but this proposal has not been accepted by the government, Minister Bandula Gunawardana said yesterday (January 24).

Assistant General Manager of the Ceylon Electricity Board (CEB)  Ronald Comester, the Additional Secretary to the Ministry of Power and Energy, Sugath Dharmakeerthi and the Chairman of the Public Utilities Commission of Sri Lanka, Janaka Ratnayake arrived at the Human Rights Commission this morning (January 25).

Any government which was detached from people’s true aspirations cannot bring in economic recovery through measures such as imposing taxes, National People Power (NPP) leader Anura Kumara Dissanayake said yesterday.

Four individuals wearing masks have completely dismantled and removed an ATM machine from a private bank on the Kandy Road in Gampola last night, police said.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively.

The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.

Retired Major Ajith Prasanna sentenced to four years of Rigorous Imprisonment and fined Rs. 300,000 on charges of contempt of court by the Supreme Court today (January 24).

The Public Utilities Commission of Sri Lanka (PUCSL) today (January 24) announced that it has reached a unanimous decision to expedite Ceylon Electricity Board (CEB) tariff proposal in accordance with the Electricity act 2009.

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

The Secretary of the Electricity Consumers’ Association, Sanjeewa Dhammika and the Convenor of the United Trade Union Alliance, Ananda Palitha have been arrested by Kollupitiya Police.

The overall rate of inflation as measured by the National Consumer Price Index (NCPI) on Year-on-Year basis is 59.2% in December 2022 and inflation calculated for November 2022 was 65.0%, said the Department of Census and Statistics today (January 23).

State Minister Ranjith Siyambalapitiya has issued a special announcement regarding the salary payments of public sector employees for the month of January.

Power and Energy Minister Kanchana Wijesekera said that he requested President Ranil Wickremesinghe to take action against Chairman of Public Utilities Commission of Sri Lanka (PUCSL) Janaka Rathnayake as he was apparently taking arbitrary decisions without consulting the others in the Commission.

Former Finance Minister, United National Party’s (UNP) Colombo district Leader Ravi Karunanayake alleged that the country went bankrupt not because of the governments, but because of the actions of the Central Bank (CB) and its officials.

China is expected to hand over its letter of support for financing and debt restructuring of Sri Lanka, to the International Monetary Fund (IMF) on Sunday, the Hindustan Times reported.

The leader of the National People’s Power (NPP), MP Anura Kumara Dissanayake has warned Treasury Secretary Mahinda Siriwardena that trying to obstruct the upcoming Local Government elections is a punishable offence.