National People’s Power candidate dies following Sunday’s protest

National People’s Power (NPP) candidate Nimal Amarasiri, who was admitted to the Colombo National Hospital following the protest staged by the NPP in Colombo on Sunday (February 26) has died.



Sajith Premadasa condemns tear gas and water attack on NPP protestors

Leader of the Opposition, MP Sajith Premadasa has condemned the use of tear gas and water cannons by the Police against the protest held by the National People’s Power (NPP) yesterday (February 26).



World Bank’s IFC to provide Sri Lanka with $400 million financing

The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.



Sri Lanka’s Central Bank reduces mandated forex sales by banks to 15%

The Monetary Board of the Central Bank of Sri Lanka has decided to reduce mandatory sale of export proceeds/receipts and inward workers’ remittances of commercial banks with effect from February 27, 2023.



Sri Lanka tea industry to fully recover next year, says minister

Sri Lanka’s tea production is expected to fully recover next year after last year’s drop, the country’s Environment Minister Naseer Ahamed said.



NPP protest march tear-gassed

Police fired tear gas and used water cannons to disperse protesters at Ibbanwala Junction near Town Hall in Colombo during the demonstration organised by the National People’s Power (NPP).



Fort Magistrate issues court order against protest today (February 26)

The Fort Magistrate today (February 26) issued an order preventing protest or demonstration in several areas in the Colombo Fort causing inconvenience to the public and motorists from 1:00 PM till 8:00 PM today.



IMF calls for ‘timely and orderly processes’ of debt resolution for Sri Lanka

The International Monetary Fund (IMF) on Saturday called for ‘timely and orderly processes’ under common framework with regards to Sri Lanka’s debt resolution. The island nation faced severe economic crisis which resulted in high debt.



Sri Lanka President pledges a new chapter for the field of Military Medicine

Sri Lanka President Ranil Wickremesinghe says a separate unit will be established to send military personnel overseas to assist in times of health crises.



President has no right to express opinion on legality of Local Government Election – Anura

The President had no right to express his opinion on the legality of declaring the Local Government election, JVP leader Anura Kumara Dissanayake said yesterday (February 24).



IMF flags debt restructuring hurdles, says banning crypto should be an option

There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option.



Army soldier at Panagoda camp committs suicide by shooting himself

Army soldier attached to the Army camp in Panagoda committed suicide by shooting himself today (February 24).



Wasantha Mudalige and 56 arrestees remanded until February 27

All 57 individuals including Wasantha Mudalige arrested for forcibly entering the Education Ministry premises in Pelawatte, Battaramulla yesterday (February 23), have been remanded until February 27.



Sri Lanka’s Local Government Election 2023 postponed – New dates to be announced on March 03

Sri Lanka’s National Election Commission (NEC) announced that the Local Government Election, which was due to be held on March 09, 2023, has been postponed.



Lasantha Alagiyawanna appointed COPA Chairman

State Minister Lasantha Alagiyawanna has been appointed as the Chairman of the Committee on Public Accounts (COPA) with a majority vote today (February 24).



Food insecurity in Sri Lanka remains at concerning levels – WFP

Food insecurity in Sri Lanka remains at concerning levels in the face of Sri Lanka’s economic crisis, World Food Programme (WFP) has stated in its “Country Brief” for January 2023.