As Sri Lanka prepares to resume repayment of its significant sovereign debt by 2028, a leading economist has called for a strategic shift towards trade-oriented production, to secure a primary surplus essential for debt management, once the International Monetary Fund (IMF) programme concludes.
The National People’s Party (NPP) which obtained a single seat at the Elpitiya Pradeshiya Sabha elections held yesterday, said people have made it clear in recent times that socialist parties cannot run a government effectively and safeguard its socialist ideology at the same time.
Shortcomings in the procurement process are causing significant losses to the government, officials from the National Procurement Commission (NPC) informed President Anura Kumara Dissanayake today.
The trial against National Freedom Front (NFF) leader Wimal Weerawansa, facing charges for causing disturbance to the public and normal traffic movements during a protest held in 2016, was today postponed as he failed to appear in court due to illness.
U.S. Ambassador to Sri Lanka Julie Chung said there is no travel ban on Sri Lanka, and the security advisory for Sri Lanka remains at Level 2, similar to other popular destinations such as France, Italy and the Maldives.
The make-up of Japan’s future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba’s scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world’s fourth-largest economy.
The Alliance for People’s Struggle yesterday called for a fresh probe on what they called the passport scandal stating that the truth of the claim made by Epic Lanka that it had signed an agreement with Department of Emigration and Immigration on printing passports is true or false.
The government could potentially cut off two-thirds of its public sector workforce expenses by strategically implementing the correct technology to streamline public services, according to former ICTA chairman.
Lanka IOC PLC (LIOC) reported higher revenues but profits tumbled in the quarter ended in September 2024 reflecting growing demand for fuel in a recovering economy, but the margins narrowed, taking a toll on the bottom-line.
The highly contagious viral disease previously known as Porcine Reproductive and Respiratory Syndrome (PRRS), which is spreading among pigs, hogs, and boars in Sri Lanka, has been identified as African Swine Disease.
Referring to his political fates and his rival candidate Anura Kumara Dissanayake at the Presidential Election, former President Ranil Wickremeisnghe said both he and Dissanayake are in the same boat.
Experienced and capable persons are needed in Parliament to take over the government if the need arises, UNP Deputy Leader and New Democratic Front (NDF) Gampaha district candidate Ruwan Wijewardene said.
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