Category: Local News

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.

Cement companies have taken steps to increase the price of a 50 kg bag of cement by Rs. 400 from tomorrow (April 26).

Pope Francis urged Sri Lankan authorities on Monday to reveal who was behind the country’s 2019 Easter bombings in an attack the island’s Catholics suspect was a plot to propel President Gotabaya Rajapaksa to power.

Former Minister Udaya Gammanpila said that there are 120 MPs who would support the No-Confidence motion (NCM) that will be moved by the Samagi Jana Balawegaya (SJB).

The Colombo Magistrate’s Court has issued another foreign travel ban on former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal.

The Sri Lankan rupee has depreciated to the lowest value against the US dollar in history today (April 25).

Sri Lanka President Gotabaya Rajapaksa has informed Mahanayake of the three Chapters that he was agreeable to take immediate steps to form an interim government and resolve the economic crisis, Chief Registrar of the Asgiri Chapter Ven. Medagama Dhammananda Thera said.

Teachers and principals of government schools will engage in a strike action today (April 25) demanding an immediate solution to the political and economic crisis in the country.

Kaushalya Madushani, who is a Sri Lankan athlete and the national women’s 400m hurdles champion has died at the age of 25.

Thousands of students from the Inter University Students Federation (IUSF) had marched towards the Presidential Secretariat initially, however due to the roads leading towards the secretariat building being barricaded and closed off by the police, they had proceeded towards the Prime Minister’s residence at Wijerama Road.

Eighteen Sri Lankans fled the economic crisis in their country, reached the Indian shores in the early hours of Friday on three fibre boats and sought asylum, the Hindu reported.

The Health Ministry has sought assistance from medical associations and professionals within the health sector to help manage the country’s essential medicines and medical equipment shortage over the next “critical” 90-day period until fresh stocks arrive.

Prime Minister Mahinda Rajapaksa says the formation of any interim government requires his consent.

The International Monetary Fund said on Saturday that its staff held “fruitful technical discussions” with Sri Lankan authorities on the crisis-wracked country’s request for an IMF-supported loan program this week.

Sri Lanka’s finance minister said on Friday that its neighbour India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports.

Former Minister Dullas Alahapperuma has requested the President to pave the way for the formation of a new all-party government, by calling for the resignation of the Prime Minister and the entire cabinet of Ministers.