Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.

Sri Lanka has been ranked as the 11th most miserable country in the Hanke’s Annual Misery Index (HAMI) 2022.

Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or November at the latest, its president said on Thursday, adding that the negotiations had made “remarkable” progress.

The remains of businessman Dinesh Schaffter, whose death remains a suspicion, are being exhumed today (May 25) under judicial supervision and armed security at the General Cemetery in Borella.

Japanese Prime Minister Fumio Kishida will meet Sri Lanka’s president on Thursday as the South Asian nation looks to bolster efforts to restructure its debt and repair an economy deeply scarred by a severe financial crisis.

The motion moved by the Sri Lanka Government to remove Janaka Ratnayake from his position as the Chairman of the Public Utility Commission of Sri Lanka (PUCSL) was passed by a majority of 46 votes today (May 24).

The proposed electricity tariff revisions will provide consumers who use less than 30 units a 23 percent reduction, Minister of Power and Energy  Kanchana Wikesekera told Sri Lanka’s Parliament.

The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (May 24), according to the Central Bank of Sri Lanka (CBSL).

A 38-year-old man was shot dead on the Heenatigala Road in Unawatuna, Habaraduwa at around 7:30 AM today (May 24), Police said.

The Sri Lanka Navy says its divers managed to find a total of 14 bodies from the Chinese vessel that capsized in the Indian Ocean last week.

MP Ali Sabri Raheem, who was arrested by Customs officers at the Bandaranaike International Airport (BIA) in Katunayake yesterday (May 23) for the possession of undeclared gold and smart phones, has been fined Rs. 7.5 million and released.

The International Monetary Fund (IMF) team says that keeping up the economic reform momentum and ensuring timely implementation of the IMF-supported programme’s commitments are key for Sri Lanka to emerge from the economic crisis.

Electricity tariffs are expected to be revised with effect from July 01, 2023, Public Utilities Commission of Sri Lanka (PUCSL) Chairman Janaka Ratnayake said.

Parliamentarian Ali Sabri Raheem has been arrested at the Bandaranaike International Airport (BIA) in Katunayake along with a stock of gold.