Chinese Prime Minister Li Keqiang said China will implement the G20’s Debt Service Suspension Initiative in all respects and added that China will work with relevant G20 members to formulate and participate in a fair and equitable debt-restructuring plan, according to the Chinese Embassy in Colombo.
Sri Lanka has no plans whatsoever for reforms going forward, President Ranil Wickremesinghe told a room full of the country’s top private sector business leaders yesterday but instead would be thinking bigger and bolder in terms of its growth agenda.
Sports Minister Roshan Ranasinghe has appointed a six-member Fact Finding Committee to inquire not only about the players’ behaviour during the T20 World Cup in Australia but also to ascertain whether officials showed ’’real concerns’’ for the team members.
Former President Mahinda Rajapaksa had used 43 percent of the total expenditure of the Presidential allocation for his personal staff while former President Maithipala Sirisena has used 57 percent, according to accounts released by the office.
Just five official foreign visits undertaken by former President Gotabaya Rajapaksa and former Prime Minister Mahinda Rajapaksa in 2021 alone had cost the state more than Rs. 40 million, according to details provided by the Presidential Secretariat and the Prime Minister’s Office on a directive issued by the Right to Information Commission.
Sri Lankans can now hold $10,000 worth of the Indian rupee (INR) in a physical form, though the INR would not be legal tender in Sri Lanka, after India approved a Sri Lankan request to designate the INR as the foreign currency.
If Sri Lanka misses the December target, which now appears to be bit of a stretch, the country could still activate the International Monetary Fund (IMF) rescue package to unlock US$ 2.9 billion over a four-year span as very good progress is being made in the debt restructuring front, particularly with the country’s bilateral lenders.
Although the prevailing high interest rate regime may discourage investments, Central Bank (CB) Governor Dr. Nandalal Weerasinghe asserted that curtailing inflation is more critical for the survival of businesses over low interest rates and to avert a Zimbabwe-like scenario.
The Civil Aviation Authority has paid a bill of Rs.60,000 to Sri Lankan Airlines Catering Services for the refreshments served at the Gold Route Service during the arrival of former Finance Minister Basil Rajapaksa last Sunday, after the Daily Mirror exposed that Basil had not paid for the food or the VIP lounge service.
The Samagi Jana Balawegaya (SJB) today questioned the presence of Police Commission Chairman Chandra Fernando and member M. P. Perera at the airport to welcome former Minister Basil Rajapaksa, and wanted them sent out of the commission.
The Thalangama Police has initiated an investigation into a brawl involving several reality TV stars including artist Lawan Abhishek’s brother Shanaka Udeesha who is featuring in a weekday leading television drama ’Sangeethe’.
Sri Lankan cricketer Danushka Gunathilaka who was granted bail under strict conditions by a Magistrate Court in Sydney yesterday will reside in a wealthy Sri Lankan citizen’s house as he will have to provide an immediate local address to the Australian Police, the Daily Mirror learns.
Tourist arrivals below expectation: SLTDA
Sri Lanka economy slows ahead of presidential elections
ADB approves USD 100 million for Sri Lanka’s water sector reforms
People’s Bank sets record straight on IT system upgrade
Fuonunr ed down in Kalubowila, Tangalle, Midigama and Nikaweratiya
National Security Council discusses security for Presidential Election
SL Reform Organization makes complaint to EC