Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI) increased to 58.9% in June 2022 from 45.3% in May 2022, according to the Central Bank of Sri Lanka.

Sri Lanka’s President Ranil Wickremesinghe as the Commander in Chief of the Armed Forces arrived at the Defence Ministry situated at the Defence Headquarters Complex in Sri Jayawardenepura, Kotte this morning (July 21).

China’s debt trap diplomacy is believed to have become a major cause of Sri Lanka’s unprecedented economic crisis as it failed to take better steps to restructure its debts in dialogue with the IMF.

The Sri Lanka Railway Department has increased its ticket fares from midnight tomorrow (July 22), said Dhammika Jayasundara, the General Manager of Sri Lanka Railways.

Ranil Wickremesinghe was sworn in as 08th Executive President of Sri Lanka before Chief Justice Jayantha Jayasuriya at the Parliament complex a short while ago.

Sri Lanka’s president-elect vowed on Wednesday to take tough action against anyone resorting to what he called the undemocratic means that led to his predecessor’s ouster.

Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says he is confident that Sri Lanka can come out of this severe economic crisis within a period of 05 months. “We have a clear program and a clear path,” he added.

The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.

The Colombo Fort Magistrate’s court today issued an order preventing anyone from reaching within a 50 metre radius of the S.W.R.D. Bandaranaike statue located at the Galle face in Colombo, Sri Lanka.

Ranil Wickremesinghe has won the Presidential election held in Parliament and elected as the 8th Executive President of Sri Lanka with a majority of votes.

Security has been tightened on all the entrances to the Parliament of Sri Lanka and around Galle Face Green ahead of the voting to elect the new President of Sri Lanka.

Sri Lanka’s parliament will choose between three candidates for president on Wednesday, hoping the new leader will be able to pull the island out of its worst economic and political crisis since independence in 1948.

Sri Lanka is facing “a very serious crisis” that makes India naturally worried, External Affairs Minister S. Jaishankar told an all-party meeting on Tuesday (July 19) and dismissed suggestions about such a situation arising in India.

The Union of Independent Parties led by MPs Wimal Weerawansa and Udaya Gammanpila has decided to back Sri Lanka Podujana Peramuna (SLPP) MP Dullas Alahapperuma in the election in parliament to elect a new President tomorrow (July 20).

Sri Lanka’s main opposition leader withdrew from the presidential race on Tuesday and promised support to a low-profile politician from the ruling party who will take on acting president Ranil Wickremesinghe in a tight contest.