The first monetary policy review by the Monetary Policy Board under the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA) was held yesterday and the Board decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 10.00 per cent and 11.00 per cent, respectively.
Former President of the Sri Lanka Young Journalists’ Association, Tharindu Uduwaragedara today filed a Special Determination petition before the Supreme Court challenging the constitutionality of the Online Safety Bill, which was placed on the order paper of Parliament today (03).
In the wake of the International Monetary Board (IMF) revenue mobilization gains-while improved relative to last year--are expected to fall short of initial projections by nearly 15 per cent by year-end, the state coffers are deprived of a whopping Rs.500 billion annually...
Sri Lankan international cricketer Danushka Gunathilaka has been found not guilty of sexual assault by a Sydney judge who said the evidence established there was “no opportunity” for him to have removed a condom during sex, and that he was truthful in his police interview.
Homagama police yesterday carried out a raid on a park run by a private institution in Homagama on complaints that underage children were allowed to engage in sexual activities in cubicles at the park and found 24 young couples in the cubicles.
The recent decision to cancel nominations submitted for the local government elections may lead to a significant financial loss of over one billion rupees, according to the People’s Action for Free and Fair Elections (PAFFREL).
A picture of Foreign Minister Ali Sabry with his son at an event on the sidelines of the UN General Assembly has sparked criticism with people questioning as to why such privileges are offered to the relatives of politicians.
Sri Lanka will unveil the Standard Operating Procedure (SPO) shortly setting out guidelines to be followed by foreign ships or aircraft in making a port of call in Sri Lanka and carrying out activities in territorial waters, a top source said.
In the recent past, Sri Lanka has witnessed a worrying increase in various forms of criminal activities such as shootings, killings in broad daylight and theft, robbery, and drug-related offenses, raising concerns among citizens and authorities alike.
Some allegations that have been made on Easter Sunday attacks are merely conspiracy theories that reject accepted narratives with regard to the April 2019 attacks, a senior police officer told MPs during a meeting held at the parliamentary complex.
The British Foreign Office announced that a large number of foreign embassies in London, including the Sri Lankan High Commission, owe the country millions of pounds in unpaid congestion charges.
With the migration of medical professionals from Sri Lanka reaching an alarming level, exacerbated by the low salaries offered to specialists, the health authorities are now admitting that the situation is beyond their control.
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