Category: Local News

Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst economic crisis in decades, two sources said on Monday, as the Indian foreign minister held talks with the neighbouring island’s government.

US Ambassador Julie Chung said that the United States Agency for International Development (USAID) will provide credit facilities for Renewable Energy Projects,President’s Media Division said.

SriLankan Airlines announced the suspension of operations between Sri Lanka and Moscow, Russia with effect from today (March 28), due to operational restrictions that are outside of the airline’s control.

An 85 year old man died while waiting in a queue to get fuel from a petrol station in Athurugiriya on Saturday (March 26).

Some 132 red notices have been issued through the INTERPOL on Sri Lankan fugitives who have fled Sri Lanka after having committed various offences related to drug trafficking, senior Police Spokesman Ajith Rohana said.

Minister of Youth and Sports, Namal Rajapaksa, said he was ready to resign from the Cabinet of Ministers, if the SLFP sets an example by reducing its numbers in the Cabinet.

Ceylon Petroleum Corporation (CPC) fuel prices will remain unchanged despite the Lanka Indian Oil Company (LIOC) increasing petrol prices from Friday midnight (January 25).

The Colombo International Airport, Ratmalana (CIAR) today marked a milestone event commencing “Scheduled International Regional Flight Operations” after five decades.

Leader of the Opposition Sajith Premadasa says the proposals presented by the International Monetary Fund are similar to those presented by the Opposition as a solution to the economic crisis for the past two years.

Prime Minister Mahinda Rajapaksa has instructed the Secretary to the Ministry of Economic Policies and Plan Implementation Anusha Palpita to take immediate action to remove the obstacles that exist with regard to utilising renewable energy as a solution to the power crisis.

Tariff increases are being requested for utilities across the board including telecommunications, electricity, water and railways. Buses have already hiked fares.

The Central Bank of Sri Lanka has issued a statement confirming it’s stance on the IMF Article IV Report which was released today (March 26).

One of Sri Lanka’s biggest fuel suppliers has raised the price of petrol by nearly 20 percent, the second increase in as many weeks, as the country struggles to import oil without dollars.

Sri Lanka faces “solvency” issues because of risks stemming from unsustainable debt levels that jeopardize the nation’s economy, according to International Monetary Fund staff.

Lanka IOC has once again increased the price of a litre of petrol by Rs. 49/- with effect from midnight today (March 25).

China will be providing 2,000 tonnes of rice valued at around USD 2.5 million as emergency food aid to Sri Lanka, the Chinese Embassy in Colombo said in a statement.