The value of the US dollar and the Sri Lankan Rupee is determined by supply and demand. If the value of the dollar rises significantly, the Central Bank of Sri Lanka (CBSL) has sufficient dollars to control it, Finance State Minister Ranjith Siyambalapitiya said.
An awareness programme to educate the Sri Lankan migrant workers in Singapore on matters related to foreign remittances and foreign currency accounts was held at the High Commission of Sri Lanka recently with the collaboration of the People’s Bank of Sri Lanka. Over 100 participants attended the programme, the Foreign Ministry said.
The government has no plans to transfer 55 liquor licences from Sathosa outlets to companies owned by Arjun Aloysius, but the new licences will be awarded only on the basis of factors such as the population of the country and the arrival of tourists, Finance State Minister Ranjith Siyambalapitiya said.
With the presidential elections pending, Sri Lanka Podujana Peramuna (SLPP) is planning to conduct a major rally in Anuradhapura on May 26 and a series of grassroots level meetings afterwards while the minority allies of the opposition weigh in the situation before making a final decision on their support to any prospective candidate.
The Commercial High Court has issued an enjoining order restraining singer Romaine Willis and Mass Ramli Miskin alias DJ Mass from performing, reproducing and distributing the songs titled “Eh Yaye” and “Api Natamu”.
The Mahanyakes of the Four Chapters in the country requested President Ranil Wickremesinghe in a jointly signed letter to pardon Venerable Galagoda Aththe Gnanasara Thera possibly before Vesak from his prison term of four years.
The Colombo District Court yesterday issued an enjoining order preventing Minister Wijeyadasa Rajapakshe PC and Attorney-at-Law Keerthi Udawatta from functioning as Sri Lanka Freedom Party (SLFP) Chairman and party acting General Secretary respectively. This order will be effective until June 3.
The Colombo Commercial High Court has issued an enjoining order against a business entity in Kandy restraining it from carrying on an identical business under a misleadingly similar trade name to Dedigama, Dedigama Group Ltd.
NPP leader Anura Kumara Dissanayake is ready to participate in the proposed debate with Samagi Jana Balawegaya (SJB) leader Sajith Premadasa on June 6, NPP Executive Committee member Dr. Nalinda Jayatissa said yesterday.
In the wake of plans by tech baron Elon Musk to visit Sri Lanka later this year, the government has initiated the process of evolving fresh regulations to facilitate the launch of Starlink satellite internet service, a Minister said yesterday.
A one-day state mourning will be observed in Sri Lanka today as a mark of respect for Iranian President Ebrahim Raisi, who died in a helicopter crash, the Public Administration Ministry announced. The national flag will fly at half-mast at all government institutions.
French Ambassador Jean-François Pactet expressed optimism yesterday that Sri Lanka’s debt restructuring process could be concluded ‘very fast’ but declined to elaborate on more details
Field Marshal Sarath Fonseka discusses a point with Marshal of the Air Force Roshan Gunathilake while Admiral of the Fleet Wasantha Karannagoda looks on at the function to mark the 15th National War Heroes Day yesterday at the National War Heroes Memorial in Battaramulla. They commanded the Army, the Navy and the Air Force during the war and crushed the LTTE.
Heavy rainfall that lashed the country triggered flash floods in some areas in the country forcing the authorities concerned to close schools in the Puttalam District, according to the Disaster Management Centre (DMC).
USD selling rate drops below Rs. 300 after 15 months
OTDYKH leisure 2024 marks 30th anniversary
Gold prices to continue breaking records until mid-next year
CBSL maintains policy interest rates at their current levels
Fitch affirms Sri Lanka at ’Restricted Default’