26
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.
5
The new Central Bank Act will soon see passage through the Cabinet and Parliament as the final draft remains ready as part of a broader package of things to be met as prior actions required to unlock the International Monetary Fund (IMF) deal to pull the country out of its current economic mess.
1
While recognising the rights and sentientness of elephants in the country, the Court of Appeal on Friday (25) issued an interim orders preventing the release of elephants back to their original claimants who are suspected of having committed offences under number of statutory laws.
4
The 1,260 sq. km Yala National Park will be expanded by another 27,185 hectares following the step taken by the Ministry of Wildlife and Forest Conservation to designate the Lunugamwehera National Park as a wildlife zone belonging to the Yala National Park.
11
Although the maximum number of inmates that can be held in the prisons across the island is about 13,200, the prisons across the country are currently accommodating twice the maximum capacity, Prisons Department said.
29
While rejecting reports circulating on social media, Sri Dalada Maligawa Diyawadana Nilame Pradeep Nilanga Dela stated that the electricity bill received for the Sri Dalada Maligawa was paid using the facility provided by the chairman of the Public Utilities Commission of Sri Lanka (PUCSL).
21
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.
30
Former Central Bank governor Ajith Nivard Cabraal in his recently released publication on the current economic meltdown ‘Amidst Economic Hit Men’ says that if anyone is to blame for the current predicament, it is not only him but the previous administration, previous cabinet, finance minister and the monetary Board of the Central Bank as all the fiscal and economic decisions were taken collectively and not by a single person.
28
The National Sports Council (NSC) headed by Chairman Arjuna Ranatunga is set to propose to the Sports Minister to appoint only reputed veteran players in their field as members of the respective National Sports Associations (NSA’s) including c
9
Bangladesh Prime Minister Sheikh Hasina today sought Sri Lanka’s support for sustainable, safe and voluntary repatriation of the forcibly displaced Myanmar nationals, Rohingyas, to their ancestral land in Rakhine state of Myanmar.