Category: Local News

Sri Lanka’s economy is projected to contract further in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, the Asian Development Bank (ADB) said in its annual flagship economic publication, the Asian Development Outlook (ADO) April 2023.

The prices of fried rice, Kottu and a packet of rice and curry will be reduced by 20% from midnight today (April 05), the All Island Canteen Owners’ Association said.

Three people were killed and a child injured after a head-on collision involving a three-wheeler and a cab that took place in the Nuga Yaya area on Wellawaya – Thanamalwila Road in Wellawaya last night (April 04), Police said.

Sri Lanka’s central bank kept interest rates steady on Tuesday and expressed optimism that prices would decelerate sharply in the coming months, in its first policy decision since securing a $3 billion bailout from the International Monetary Fund.

The Water Supply Trade Union Alliance (WSTUA) has decided to continue their trade union action from today (April 5) as they have not received solutions to their demands.

Sri Lanka’s heightened fiscal, external, and financial sector imbalances and its fluid political situation pose significant uncertainty for the country’s economic outlook, says the World Bank in its twice-a-year update, underscoring the need to address the root causes of the country’s economic crisis and build a strong and resilient economy to prevent future crises.

Sri Lanka Government has increased the existing fuel quota under the QR code system for the Sinhala and Tamil New Year festive season with effect from midnight today (April 04).

Forbes has listed Sri Lanka as one of the 23 best places to travel around the world in 2023.

Hollywood Actor Christian Bale was given a memorable Sri Lankan experience during a flight from Colombo to Male yesterday (April 03).

The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (April 04), according to the Central Bank of Sri Lanka.

Litro Gas Lanka Ltd. has decided to reduce the prices of domestic LP gas cylinders with effect from midnight today (April 04).

Sri Lankan President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it and that following this vote, the key points of the agreement would be enacted into law.

Sri Lanka Police used water cannons to disperse a group of students from the Inter University Students’ Federation (IUSF) who were marching towards the University Grants Commission (UGC) a short while ago.

Litro Gas Lanka Ltd. has decided to reduce gas prices by nearly Rs. 1000 from midnight tomorrow (April 04).

The Sri Lankan government is seeking Russian cooperation in multiple sectors, namely, tourism, air traffic, and locomotive construction, besides eyeing crude from Moscow.

In a special search operation conducted in the Sand Dune Sea area of Talaimannar on Sunday (April 02), the Sri Lanka Navy recovered over 04 kg (wet weight) of Crystal Methamphetamine, also known as ICE, adrift in waters.