The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.

Retired Major Ajith Prasanna sentenced to four years of Rigorous Imprisonment and fined Rs. 300,000 on charges of contempt of court by the Supreme Court today (January 24).

The Public Utilities Commission of Sri Lanka (PUCSL) today (January 24) announced that it has reached a unanimous decision to expedite Ceylon Electricity Board (CEB) tariff proposal in accordance with the Electricity act 2009.

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

The Secretary of the Electricity Consumers’ Association, Sanjeewa Dhammika and the Convenor of the United Trade Union Alliance, Ananda Palitha have been arrested by Kollupitiya Police.

The overall rate of inflation as measured by the National Consumer Price Index (NCPI) on Year-on-Year basis is 59.2% in December 2022 and inflation calculated for November 2022 was 65.0%, said the Department of Census and Statistics today (January 23).

State Minister Ranjith Siyambalapitiya has issued a special announcement regarding the salary payments of public sector employees for the month of January.

Power and Energy Minister Kanchana Wijesekera said that he requested President Ranil Wickremesinghe to take action against Chairman of Public Utilities Commission of Sri Lanka (PUCSL) Janaka Rathnayake as he was apparently taking arbitrary decisions without consulting the others in the Commission.

Former Finance Minister, United National Party’s (UNP) Colombo district Leader Ravi Karunanayake alleged that the country went bankrupt not because of the governments, but because of the actions of the Central Bank (CB) and its officials.

China is expected to hand over its letter of support for financing and debt restructuring of Sri Lanka, to the International Monetary Fund (IMF) on Sunday, the Hindustan Times reported.

The leader of the National People’s Power (NPP), MP Anura Kumara Dissanayake has warned Treasury Secretary Mahinda Siriwardena that trying to obstruct the upcoming Local Government elections is a punishable offence.

The Mayor of Kurunegala, Thushara Sanjeewa Vitharana, has been removed from his post effective December 31, 2022.

Sri Lanka has made 327 billion rupees ($900 million) in 2022 by exporting rubber products, the Rubber Development Department said.

One person has died in a shooting that took place at Buthgamuwa road in Rajagiriya this evening (January 21).

Sri Lanka’s Election Commission has decided to hold the local government election on March 9.