Latest Sri Lanka News and Top Stories

The International Monetary Fund (IMF) today praised the Central Bank of Sri Lanka’s (CBSL) decision to raise the policy rate and said it “shows its commitment to reduce inflation more quickly and firmly towards the single-digit target.”

Sri Lanka’s central bank raised interest rates in an unexpected move on Friday in a bid to help the country secure a bailout package from the International Monetary Fund (IMF) to stabilise its crisis-hit economy.

The Supreme Court has issued an order preventing the Finance Ministry’s secretary from withholding the funds allocated for Local Government Election 2023 through the 2023 Budget.

The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 03).

Government can only be changed through a parliamentary election and taking to the streets was not an option for that, Sri Lankan President Ranil Wickremesinghe said today (March 03).

Sri Lanka President Ranil Wickremesinghe has announced that a foundation is presently being established to advance Sri Lanka’s economy to a global level over the next five years by implementing green economic policies.

Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva has dismissed claims made by the President that the government can’t afford to hold elections in view of IMF recommendations.

The International Monetary Fund (IMF) Mission to Sri Lanka has stated that the new tax reforms in Sri Lanka helps meet the objective of correcting the imbalance of tax revenue and expenditure.

First group of Chinese tourists since the COVID-19 pandemic arrived in Sri Lanka last night (March 01).

The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 02).

As the economic collapse and political instability have devastated the lives and livelihood of the people of Sri Lanka, the island nation is in dire need of a new development model, the World Bank (WB) said.

Former Chairman of the Elections Commission of Sri Lanka Mahinda Deshapriya today (March 02) confirmed that he applied again for the membership of the Election Commission.

Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations “in a constructive manner,” China Central Television reported.

The Supreme Court of India recently directed the Tamil Nadu government to reconsider the issue of premature release of a Sri Lankan convict, who has undergone nearly 35 years of incarceration within three weeks.

The Colombo District Court today (March 01) ordered the release of Sri Lankan President Ranil Wickremesinghe from 108 lawsuits filed by the victims of those who have died and injured from the Easter Sunday bomb attacks in 2019.

The Ceylon Petroleum Corporation (CEYPETCO) has reduced the price of a litre of kerosene by Rs. 50 with effect from midnight today (March 01).