Sri Lanka’s new government will release the 2023 budget on Monday focused on boosting revenue, implementing tax reforms and fiscal consolidation to secure an IMF bailout package to help the country recover from its worst financial crisis in decades.

Colombo Chief Magistrate’s Court ordered the Criminal Investigation Department (CID) to submit details of the progress of investigations into the complaint on State Minister Diana Gamage’s passport, birth certificate and National Identity Card (NIC) on December 15.

World Bank Chief David Malpass during a meeting with President Ranil Wickremesinghe, encouraged the President to continue engaging with Sri Lanka’s official bilateral and private sector creditors to promptly agree on debt restructuring.

The Central Bank of Sri Lanka (CBSL) says the Sri Lankan economy, which faced extreme headwinds and heightened uncertainties during the first half of 2022, has shown signs of stability in the second half of the year thus far.

Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an IMF bailout of the bankrupt country, with the country’s airline top of the list for reform.

The construction of the West Container Terminal (WCT) in the Colombo Port commenced this morning (November 09).

Tourism Minister Harin Fernando appealed to international travellers to add Sri Lanka to their travel wish list, assuring tourists are cushioned from the economic shocks the country is undergoing, and that they will be well looked after.

The United Nations Tuesday warned of a worsening food crisis in bankrupt Sri Lanka and said the number of people needing urgent humanitarian help had doubled to 3.4 million.

A school Principal and two policemen arrested for allegedly torturing several Grade 5 students at Millaniya Primary School in Horana were today (November 08) ordered to be remanded till November 16 after being produced before Colombo Chief Magistrate’s Court.

Unbridled industrialization of the developed countries is the root cause of climate change, leaving the poor to suffer the consequences, President Ranil Wickremesinghe said addressing the COP27 Climate Change Conference in Sharm El-Sheikh, Egypt.

The Department of Immigration and Emigration says that the issuance of all types of passports has temporarily been suspended due to a breakdown in the computer system.

Chinese Ambassador Qi-Zhenhong has assured their continuous support on the debt treatment and stabilising the economy of Sri Lanka, State Finance Minister Shehan Semasinghe said.

More than 300 Sri Lankans were rescued at sea off the Spratly Islands after their fishing vessel was damaged and found adrift, foreign media reported today (November 08).

Speaker of Parliament Mahinda Yapa Abeywardena today (November 08) conveyed an order issued by President Ranil Wickremesinghe, calling out all members of the armed forces for the maintenance of public order in the country.