Australia commits another $25 million in emergency aid to Sri Lanka, takes total to $75 million
The Australian government will lift emergency aid to Sri Lanka to AU$75 million as the south Asian island grapples with an economic crisis that has...
Central Bank boss rules out domestic debt restructuring
Says Govt. position remains only to restructure external debtOpines domestic debt restructuring could lead to serious implications on banking systemAsserts avoiding domestic debt restructuring will...
Gotabaya to return next week, claims Udayanga
Gotabaya Rajapaksa will return to Sri Lanka on 24 August, his cousin Udayanga Weeratunga said yesterday, over a month after the former President fled the...
Sapugaskanda oil refinery back in action today
Operations of the Sapugaskanda Oil Refinery are scheduled to resume from today (15) with the arrival of a crude oil shipment, the Ministry of Power...
Turnover hits 6 month high at CSE; ASPI reaches 8,500 point level
The Colombo stock market yesterday saw a hive of activity boosting the turnover to over a six-month high whilst the benchmark index reached a psychologically...
President puts onus on IMF deal to all parties, MPs
Opines program with IMF is the only solution whether people like it or notRecalls when negotiating with IMF, one of the biggest issues is “Government...
President calls for new economic model
President Ranil Wickremesinghe yesterday declared that there can be no reliance on old economic models any longer and there should be innovative thinking, while paying...
World Bank says $ 160 m disbursed for SL to meet urgent essential items
New financing dependent on adequate macroeconomic policy framework with deep structural reforms The World Bank Group said last week it is deeply concerned about the...
IMF says Sri Lanka needs to talk with China about debt restructuring
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s Government seeks...
‘Be patient, I will bring things back’ – new Sri Lanka PM
Sri Lanka’s new prime minister says an economic crisis that has brought misery and unrest is “going to get worse before it gets better”.
Ranil front-runner for PM in day of dramatic political developments
Ranil meets with President and wins pledge of support from SLPP MPsA breakaway group from SJB including Harin Fernando expected to support Ranil after overtures...
Sri Lankan troops ordered to open fire on looters and vandals as protests continue
Sri Lankan security forces have been ordered to shoot law-breakers on sight in a bid to quell anti-government protests on the island. Demonstrators are calling...
SL ablaze with anti-Government anger
Rajapaksa’s ancestral home at Medamulana and homes of several SLPP politicians set ablaze by angry crowdsViolence unleashed by MR supporters boomerang as people turn on...
No talks of resignation; PM says I am with the people
With speculations rife over the purported resignation of Prime Minister Mahinda Rajapaksa from the post, several individuals staged a demonstration in the vicinity of Temple Trees this morning.
Sri Lanka protests : 7 points Statement from Ministry of Defence
Ministry of Defence in a statement says said that there have been reports of protesters behaving in a provocative and threatening manner without any regard...