Category: Local News

Ahead of the November 2019 election, Sri Lankan presidential challenger Gotabaya Rajapaksa proposed sweeping tax cuts so reckless the incumbent government thought it must be a campaign gimmick.

Multiple Sri Lankan trade unions have declared Thursday, the 28th of April, as a day for protests against the Sri Lanka President, Prime Minister and the Government.

The Kegalle Magistrate ordered the Inspector General of Police (IGP) to arrest and produce before court all police personnel involved in the shooting to death of a protester at Rambukkana.

The Sri Lankan rupee has depreciated to the lowest value against the US dollar in history today (April 27).

Sri Lankan President Gotabaya Rajapaksa has agreed in principle to form an all-party government that will include all the political parties represented in Parliament as a solution to face the crisis currently experienced in Sri Lanka.

The Ministry of Finance noted that there is no decision to reduce the salaries of public sector employees.

Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN).

A 57 year-old man was hacked to death by a beggar near a leading supermarket in the Battaramulla area in Thalangama last night (April 26), the police said.

The World Bank has agreed to provide USD 600 Million in financial assistance as a solution to Sri Lanka’s current economic crisis.

Finance Minister Ali Sabry was sworn in as Minister of Justice in addition to his current portfolio of the Minister of Finance, President’s Media Division (PMD) said.

Litro Gas Lanka Limited has increased the price of its 12.5kg liquefied petroleum (LP) gas cylinder by Rs. 2,185 with effect from midnight today (April 26).

The remains of those who died in the Sainthamaruthu Explosion on the 26th of April 2019 will be exhumed on tomorrow (April 27).

The approval of the Public Utilities Commission of Sri Lanka (PUCSL) has been obtained to increase the electricity tariff by 100% according to reports.

Sri Lanka Government granted approval for the new methodology to issue resident visas for foreign investors in Sri Lanka on a long-term basis.

China has said it does not prefer debt restructuring, but is ready to offer another loan to settle existing loans, says Cabinet Spokesperson & Minister Nalaka Godahewa today (April 26).

S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed sovereign bond interest payments, S&P said on Monday.