Sri Lanka’s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund official said on Friday.
Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, made the comment at a news...
Minister of State for Investment Promotion, Dilum Amunugama, announced plans to establish a Japan-Sri Lanka Free Trade Zone in the country. He mentioned that the areas of Bingiriya and Iranavila have been selected for this purpose.
The minister made this...
The Supreme Court today held that the Ape Janabala Party’s decision to expel Ven. Athuraliye Rathana from its membership is not valid in law.
With this Supreme Court judgement, there is no legal impediment for Rathana Thera to function as...
October 13
LONDON, Oct 12 (Reuters) - Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure,...
There will be an annular solar eclipse next Saturday (October 14), which is not visible to Sri Lanka. However, there will be a partial lunar eclipse on October 28th, which is visible to Sri Lanka, said Prof. Chandana Jayaratne, the...
President Wickremesinghe underlined the importance of ports and their role in the evolving global trade landscape, emphasising Sri Lanka’s strategic location and the development of key ports like Colombo, Trincomalee, and Hambantota. He urged a long-term perspective on these...
The Health Ministry has cancelled all orders given to Isolez BioTech Pharma Company, which is facing serious problems regarding the supply of drugs to Sri Lanka, on the directive of Health Minister Dr. Keheliya Rambukwella.
Measures have also been taken...
The hearing of Expulsion Petitions filed by Tourism Minister Harin Fernando and Labour and Foreign Employment Minister Manusha Nanayakkkara challenging the Samagi Jana Balawegaya (SJB) decision to remove them from their party membership commenced today before the Supreme Court.
President's...
President Ranil Wickremesinghe has directed government officials to prioritise the immediate requirements of Sri Lankan citizens residing in Israel, especially their safety, in light of the ongoing conflict between Israel and Hamas.
Consequently, the Sri Lankan Embassy in Israel and...
The Colombo High Court today imposed life imprisonment on nine Iranians after they pleaded guilty to possessing and trafficking 84 kilogrammes of heroin.
Colombo High Court Judge Amal Ranaraja imposed life imprisonment on the nine Iranians for trafficking heroin within...
The Supreme Court today granted leave to proceed with five Fundamental Rights petitions filed challenging former Gotabaya Rajapaksa’s decision to grant a presidential pardon to ex-soldier Sunil Ratnayake, who was convicted and sentenced to death for the Mirusuvil murder...
Former Petroleum Industries Deputy Minister and former Chairman of the Development Lotteries Board (DLB), Sarana Gunawardena, was today ordered to be released from the corruption case by the Colombo High Court.
The Bribery Commission had filed indictments against the former...
