The Attorney General informed the Supreme Court today that the government has decided to review the Wind Power Project in Mannar, which involves India’s Adani Group. Deputy Solicitor General Dr. Awanti Perera, appearing on behalf of the Attorney General, informed the Supreme Court that the interim cabinet of the new government has decided to review […]
Read MoreNagalagamweediya is currently experiencing minor flood levels due to the overflowing of the Kelani river. The Department of Irrigation has advised residents in low-lying areas along the river to remain vigilant. The Disaster Management Center has also urged drivers to exercise caution when traveling through the affected areas. The Department of Railways announced that train […]
Read MoreThe auction offerings were relatively static and totalled 5.8 million kilogrammes. There was fair demand though the prices tended to weaken as the sale progressed. The volatility of the currency and strengthening of the Sri Lankan rupee, over the past several days, adversely impacted the rupee tea prices. The Ex-Estate offerings too were fairly similar […]
Read MoreAmbassador of Sri Lanka to Sweden Kapila Fonseka successfully concluded a two-day official visit to Gothenburg, the second largest city of Sweden, last week. The purpose of the visit was to engage with key stakeholders including Swedish government officials and business leaders to strengthen economic and trade relations between Sri Lanka and Gothenburg, and to […]
Read MoreThe Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today. The World Bank’s bi-annual Sri Lankan development update titled ‘Opening Up to the Future’, however cautioned that the recovery remains fragile and hinges on maintaining macroeconomic stability, successfully restructuring debt and […]
Read MoreAdmiral Steve Koehler, a 4-star U.S. Navy Admiral and Commander of U.S. Pacific Fleet, will visit Sri Lanka on October 10, marking the highest-level U.S. military visit to the country since 2021. During the visit, Admiral Koehler will reaffirm the strong partnership between the United States and Sri Lanka for an enduring, resilient, free and […]
Read MoreThe World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023.
Read MoreSri Lankan President Anura Kumara Dissanayake met with Takafumi Kadono, the Permanent Representative of the Asian Development Bank (ADB) in Sri Lanka, today (07) the Presidential Secretariat. The President had learned that the ADB has agreed to provide financing for the development of Sri Lanka’s tourism, energy, and small-scale enterprise sectors. Kadono emphasized that all […]
Read MoreThe Inland Revenue Department has collected Rs. 1,417 billion in taxes by September 30, 2024, surpassing 70% of its annual goal of Rs. 2,024 billion. Commissioner General Sepalika Chandrasekara however said that some taxpayers under the self-assessment payment system still owe taxes. Accordingly, starting today, the department officials will visit these taxpayers to expedite the […]
Read MoreThe International Monetary Fund (IMF) emphasised that Sri Lanka must maintain its reform trajectory, warning that “important vulnerabilities” and “uncertainties” remain, despite the significant progress in key macroeconomic indicators. Responding to media queries on Thursday, IMF Communications Director Julie Kozack said Sri Lanka has begun to see an economic recovery, driven by the IMF programme, […]
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