U.S. Treasury Secretary Janet Yellen stresses that committing to specific and credible financing assurances for Sri Lanka is “most urgent”.

57 persons, including the convener of the Inter-University Students Federation (IUSF) Wasantha Mudalige, have been arrested for forcibly entering the Education Ministry in  Pelawatte, Battaramulla.

A writ petition filed by retired Sri Lanka Army Colonel W. M. R. Wijesundara seeking an order quashing the decision of the Election Commission to hold the Local Government elections was postponed to the 11th of May for further consideration, by the Supreme Court of Sri Lanka.

Sri Lankan President Ranil Wickremesinghe told Parliament today (February 23) that the National Election Commission has not legally declared an Election, therefore there is no question of a postponement and also there are no funds to conduct an election.

A 37-year-old sergeant serving for Sri Lanka Air Force was arrested by Police for stealing a weapon and ammunition from the Ratmalana Air Force Base armoury.

The police fired tear gas and used water cannons to disperse protesters during a protest at Pitipana Junction in Homagama today (February 22).

Japan has provided a humanitarian grant of USD 46 million to provide diesel fuel to public hospitals throughout Sri Lanka.

Pakistan and Sri Lanka are getting close to securing bailouts from the International Monetary Fund after taking a series of steps including tax increases to boost their beleaguered economies.

Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 53.2% in January, after a 59.2% rise in December, the statistics department said on Tuesday (February 21).

The Board of Investment of Sri Lanka (BOI) has issued a letter of approval to India’s Adani Green Energy Limited for the two wind power plants to be set up in Mannar and Pooneryn at a total investment of USD 442 million.

A Sri Lankan Tamil, who illegally migrated into Tamil Nadu after escaping from criminal charges in Sri Lanka, was apprehended by the police at Mandapam refugee camp in Tamil Nadu on Tuesday. Following an inquiry, Mandapam law and order police booked the man under the Passport Act on the same day.

The International Monetary Fund (IMF) remains hopeful of Sri Lankan authorities securing financing assurances from all its bilateral creditors soon, so that the Fund’s Executive Board could give its nod to unlock the envisaged US$ 2.9 billion bailout package to support the crisis-hit economy, a top IMF official said.

A fundamental rights petition has been filed with the Supreme Court against the decision taken not to release the funds allocated through the 2023 Budget to the Election Commission for holding the Local Government (LG) election.

Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.

Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.