Category: Local News

Sri Lanka has maintained its official reserves at USD 2.31 billion (USD 2,314 million) in February, says the Central Bank of Sri Lanka.

Nearly 1,000 bakeries have closed in Sri Lanka due to a severe shortage of cooking gas, an industry association said on Monday, as the impact of dwindling foreign exchange reserves ricochets through the country’s economy.

The Easter Sunday cranage of 2019 had been part of a grand political plot, Archbishop of Colombo, Malcolm Cardinal Ranjith, said at the 49th Session of the United Nations Human Rights Council yesterday.

Sri Lanka’s central bank on Monday set an exchange rate limit of 230 rupees to the dollar, effectively allowing a currency depreciation it hopes will attract investment and remittances to help ease the worst financial crisis in years.

The Central Bank of Sri Lanka (CBSL) has decided to increase the selling price of the US dollar to a maximum of Rs. 230 with immediate effect.

President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa today (March 07) inaugurated the cement manufacturing facility of Lanwa Sanstha Cement Corporation (Pvt) Ltd., the largest cement factory in Sri Lanka, located in the Magampura Lanka Industrial Zone.

President Gotabaya Rajapaksa has issued directives today (March 07) to declare Nadungamuwa Raja who was the main casket bearer of the Esala perahera held in Kandy as a national treasure.

Long queues can still be seen near filling stations across the country to obtain fuel amidst the prevailing Diesel shortage.

Nadungamuwa Vijaya Raja, popularly known as Nadungamuwa Raja passed away this morning (March 07) at the age of 69, the caretaker of the elephant Harsha Dharmawijeya said.

A top International Finance Corporation (IFC) official said the organization aims to boost its investments in Sri Lanka, with a focus on supporting private sector job creation, paving the way for investments to help spur the country’s recovery and future growth.

Minister of Water Supply, Vasudeva Nanayakkara, said he will notify President Gotabaya Rajapaksa in writing that he will not attend Cabinet meetings but will carry out his ministerial responsibilities.

Sri Lankan economy loses around Rs. One Billion daily due to the existing power cuts.

Veteran actor and comedian, Berty Gunathilake has passed away at the age of 98 today morning (March 06).

India has called for a road map from Sri Lanka on how it is going to overcome its economic crisis in the long term as well as to clear the decks for a long list of its economic cum strategic demands for implementation in the North and the East of Sri Lanka.

Sri Lankan Foreign Minister, Prof. G.L. Peiris says there are serious anomalies and weaknesses in the report presented to the United Nations Human Rights Council (UNHRC) by the High Commissioner for Human Rights Michelle Bachelet.

The National People’s Power claims in order to eliminate poverty and improve the economic conditions of rural folk, the livelihoods of the poverty-stricken must be uplifted.