Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability, said Steve Hanke, who played a key role in establishing new currency regimes in emerging markets like Argentina and Montenegro.

Parliamentarian Namal Rajapaksa on Thursday (March 09) was appointed as the Chairman of the Sectoral Oversight Committee on International Relations of the Sri Lankan Parliament.

The Government of Japan has contributed an additional US$ 6.6 million to the United Nations World Food Programme (WFP) to provide critical food and nutrition assistance to over one million Sri Lankans.

A 40-year-old person from Trincomalee was arrested for printing Rs. 5,000 counterfeit currency notes during a raid at Devipuram in Pudukuduirippu by the Special Task Force of Police (STF).

Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the nation’s central bank governor told Reuters.

The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 09).

The Trade Union Alliance of Professionals have decided to launch a series of trade union actions from today (March 09) in protest against the Sri Lanka Government’s actions including the latest tax amendment.

China’s pledge to support Sri Lanka’s debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.

The Core Group on Sri Lanka at the UN Human Rights Council (UNHRC) on Tuesday expressed concern over ‘heavy-handed’ responses to peaceful protests in Sri Lanka and also reiterated the Sri Lankan government must safeguard rights to freedom of peaceful assembly and freedom of expression.

The Special Commodity Levy on imported potatoes has been increased by Rs. 30 per kilogram, the Ministry of Finance said.

The wholesale price of sugar has been reduced by Rs. 20 – Rs. 25 per kilogram, the Association of Importers & Wholesale Traders based in Pettah says.

The weekly top-up day of The National Fuel Pass (NFP) quota will be changed to Tuesdays instead of Sundays effective from today (March 08), Power and Energy Minister Kanchana Wijesekera said today.

The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 08).

The Bakery Owners’ Association has decided to reduce the price of a loaf of bread weighing 450 grams by Rs. 10 with effect from today (March 08).

Police used water cannons and tear gas to disperse student activists attached to the Colombo university who were protesting on Reid Avenue near the University of Colombo a short while ago.

Sri Lanka’s Election Commission has announced the dates which the postal voting of the 2023 Local Government election is expected to be held.