Sri Lanka President ready to form all-party Government after Cabinet, Prime Minister resign

Sri Lankan President Gotabaya Rajapaksa has agreed in principle to form an all-party government that will include all the political parties represented in Parliament as a solution to face the crisis currently experienced in Sri Lanka.



No salary cut for Public Sector – Finance Ministry

The Ministry of Finance noted that there is no decision to reduce the salaries of public sector employees.



Fitch Places 12 Sri Lankan non-bank financial institutions on Rating Watch Negative

Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN).



Ayurvedic Doctor stabbed to death in Talangama

A 57 year-old man was hacked to death by a beggar near a leading supermarket in the Battaramulla area in Thalangama last night (April 26), the police said.



World Bank to provide USD 600 Million to Sri Lanka

The World Bank has agreed to provide USD 600 Million in financial assistance as a solution to Sri Lanka’s current economic crisis.



Ali Sabry appointed Justice Minister

Finance Minister Ali Sabry was sworn in as Minister of Justice in addition to his current portfolio of the Minister of Finance, President’s Media Division (PMD) said.



Litro increases LP gas prices

Litro Gas Lanka Limited has increased the price of its 12.5kg liquefied petroleum (LP) gas cylinder by Rs. 2,185 with effect from midnight today (April 26).



Remains of Sainthamaruthu bomb blast victims to be exhumed to identify Sara Jasmine

The remains of those who died in the Sainthamaruthu Explosion on the 26th of April 2019 will be exhumed on tomorrow (April 27).



Electricity bills to increase 100%

The approval of the Public Utilities Commission of Sri Lanka (PUCSL) has been obtained to increase the electricity tariff by 100% according to reports.



Sri Lanka to issue long-term residence visa for foreign investors

Sri Lanka Government granted approval for the new methodology to issue resident visas for foreign investors in Sri Lanka on a long-term basis.



China to offer another loan to settle existing loans

China has said it does not prefer debt restructuring, but is ready to offer another loan to settle existing loans, says Cabinet Spokesperson & Minister Nalaka Godahewa today (April 26).



Yupun Abeykoon records fastest time in Asia for 150 metres

Sri Lanka’s sprinter Yupun Abeykoon has surpassed the Asian fastest time in the 150 metres, at a meet held in Italy on Sunday (April 24) by finishing the event in 15.16 seconds beating the previous fastest time (15.35 secs) set by Japan’s Yoshihide Kiryu in 2017.



Elon Musk to buy Twitter for $44 Billion and take it private

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.



S&P cuts Sri Lanka to ‘selective default’ on missed payments

S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed sovereign bond interest payments, S&P said on Monday.



IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.



Cement prices increased by Rs. 400

Cement companies have taken steps to increase the price of a 50 kg bag of cement by Rs. 400 from tomorrow (April 26).