Category: Local News

The Central Bank of Sri Lanka (CBSL) says it has significantly tightened its monetary policy stance to stabilise the country’s economy.

The European Union has requested Sri Lankan authorities to start in-depth discussions with the International Monetary Fund (IMF) on the reforms needed to bring the Sri Lankan economy back to a sustainable path.

President Gotabaya Rajapaksa has not yet accepted the resignation of Ali Sabry as the Finance Minister which then makes him the Minister of Finance even to this day, MP Kanchana Wijesekera said in Parliament today (April 08).

Speaker Mahinda Yapa Abeywardena has instructed the Serjeant-at-Arms to remove MPs Thisakutti Arachchi and Chaminda Wijesiri from the parliament chamber for obstructing the proceedings of Parliament during the debate on the International Monetary Fund’s (IMF) report on Sri Lanka.

The Sri Lankan Government issued an extraordinary gazette today (April 08) informing the public that 26 Ministers had resigned.

The Ministry of Trade said that steps will be taken to import 300,000 metric tons of rice to ensure a continuous supply of Rice to the people at cheaper rates, during the festive season.

The Ceylon Electricity Board (CEB) announced that No power cuts will be imposed on the 13th and 14th of April 2022, the two days of the Sinhala and Tamil New Year.

Former Minister Ali Sabry yesterday (April 07) in Parliament apologised to people for his contribution to their suffering.

Sri Lanka’s national medical association warned Thursday that hospitals will be unable to provide even emergency services in coming weeks because of critical shortages of drugs and medical equipment caused by the country’s economic crisis, leading to a catastrophic number of deaths if supplies aren’t replenished.

President Gotabaya Rajapaksa has appointed the new Governor of the Central Bank of Sri Lanka (CBSL) and Secretary to the Finance Minister, the President Media Division said.

Sri Lanka must look at restructuring a $1 billion sovereign debt due for payment in July, the outgoing finance minister told parliament on Thursday, urging an end to calls for a change in government amid the country’s worst economic crisis in decades.

A circular has been issued declaring next Monday (April 11) and Tuesday (April 12) as public holidays, the Secretary to the Ministry of Public Administration said.

The Colombo Magistrate’s Court today issued an order preventing the former Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal from leaving the country.

The US Statement Department has requested its citizens to reconsider travel to Sri Lanka due to COVID-19 and fuel and medicine shortages.

The Sri Lankan rupee has depreciated to the lowest value against the US dollar in history today (April 7).

Prolonged political uncertainty amid the ongoing financial crisis in Sri Lanka could thwart attempts to obtain external financing from key development partners, Moody’s Investors Services said.