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The Central Bank yesterday said the daily guidance rate released on the exchange rate between the United States dollar and Sri Lankan rupee is delivering the intended results by way of bringing in greater stability to the domestic foreign exchange market, which otherwise would have delivered disastrous implications, due to the rupee’s free fall.
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SJB MP Dilip Wedaarachchi’s son, former Chairman of the Tangalle Urban Council Ravindu Wedaarachchi and his wife Nethmi Harindika Silva have been arrested in connection with obstructing duties of a police officer and alleged attempt of assault.
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President Gotabaya Rajapaksa vowed to finish the remaining two years in his term despite monthslong street protests calling for his ouster, but won’t stand for re-election as he focuses on fixing a financial mess that tipped Sri Lanka into its worst-ever economic crisis.
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Former MP Ranjan Ramanayake who is serving a prison sentence for contempt of court sat for the first-semester examination of his bachelor’s degree in Community Development and Youth, Prisons Spokesman Chandana Ekanayake said today.
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An Indian national has been arrested by the Security officials at the Bandaranaike International Airport (BIA) for attempting to smuggle foreign currency worth over Rs. 40 million out of the country.
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Despite several teams being dispatched, the Criminal Investigations Department (CID) is yet to locate former Minister Johnston Fernando to be taken into custody in connection with investigations into the attack on peaceful protesters at Temple Trees and Galle Face on May 9.
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Taking a swipe at Prime Minister Ranil Wickremesinghe’s repeated comments to the effect of the government having to rely on printed money to pay for essential government bills such as payment of salaries and pensions in the ensuing months, the former Central Bank Deputy Governor, Dr. W.A. Wijewardena likened it to giving sugar to a diabetes patient, to reflect the severity of the move in aggravating the current problems in the economy.
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The Attorney General (AG) is scheduled to make submissions to the Colombo Commercial High Court on affected third parties including the country’s tourism industry following the enjoining order issued by the Court preventing the Russian Aeroflot flight from leaving the country.
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With a fresh one-year tourism revival plan in place, Sri Lanka’s tourism authorities are now targeting 800,000-850,000 tourist arrivals and earnings of US$ 800 million for this year by focusing on key source markets through joint promotional efforts.
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The government plans to solve fuel shortages and power interruptions faced by the country’s tourism industry by setting up a new mechanism this week. The Minister of Tourism and Lands Harin Fernando announced that a special mechanism to provide fuel to the tourism industry would be unveiled today following discussions with the Ministry of Power and Energy.
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At least twenty percent (5,000 buses) of the total fleet of private buses will be in operation in the country owing to the unavailability of diesel, Lanka Private Bus Owners’ Association (LPBOA) chairman Gemunu Wijerathne said.
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The Russian Aeroflot aircraft grounded in Colombo due to a court order may face extra charges for remaining at the Bandaranaike International Airport (BIA) for about six days, until the next court hearing scheduled on June 08, the airport authorities said.