Category: Local News

Fitch Ratings downgraded Sri Lanka’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to Restricted Default (RD), from ‘C’.

The country-wide state of emergency declared in Sri Lanka was abolished last night (May 20).

Sri Lankan Prime Minister Prime Minister Ranil Wickremesinghe on Friday welcomed the G7 announcement that they will assist the country in securing debt relief as it is grappling with its worst economic crisis.

The government of Japan, through UNICEF and the World Food Program (WFP), has granted humanitarian emergency assistance of USD 3 million to Sri Lanka for the procurement of essential medicines and food.

The Samagi Jana Balavegaya (SJB) has decided to suspend the party membership of Harin Fernando and Manusha Nanayakkara who accepted ministerial portfolios in the government today (May 20).

Sri Lanka’s prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertiliser for the next planting season to boost harvests.

Nine new Cabinet Ministers have been sworn in before Sri Lankan President Gotabaya Rajapaksa this morning (May 20).

An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman Gerry Rice said on Thursday.

Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank announced Thursday

Sri Lanka’s Education Ministry has decided to close all government and government-approved private schools tomorrow (May 20) owing to the current fuel crisis.

Sri Lanka fell into default for the first time in its history as the government struggles to halt an economic meltdown that prompted mass protests and a political crisis.

Police used tear gas and water cannons to disperse Inter-University Students’ Federation (IUSF) protesters near the World Trade Centre at the Galle Face Green.

Some parliamentarians requested from the Speaker to make arrangements for them to stay at a hotel during the parliamentary week unless arrangements were made for them to obtain fuel to attend Parliament sessions, Speaker Mahinda Yapa Abeywardene said today (May 19).

Price of a loaf of 450g bread will be increased by Rs.30 with effect from midnight today (May 19), the Association of Bakery Owners.

Sri Lankan authorities have decided to suspend the issuing of fuel from the filling station of Narahenpita Police Transport Division to vehicles of parliamentarians following public outcry.

Prima Ceylon (Pvt) Limited has increased the price of wheat flour by Rs. 40 per kilogram.