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The Government has not made any decision to restructure domestic debt, as negotiations on treating external debt is still being discussed with external bilateral and commercial creditors, State Minister of Finance Shehan Semasinghe said
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Chinese President Xi Jinping on Wednesday criticised Canadian Prime Minister Justin Trudeau in person over alleged leaks of their closed-door meeting at the G20 summit, a rare public display of annoyance by the Chinese leader.
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Sri Lankan international cricketer Danushka Gunathilaka has been granted bail on sexual assault charges after a court heard he had the support of the Sri Lankan cricket association and government and a surety of $150,000 was offered.
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The Central Bank believes that interest rates may have reached their highest levels after inflation peaked in September and showed a slight deceleration in October amid the ultra-tight monetary policy and higher taxes brought in to reduce demand in the economy.
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The budget 2023 speech of the executive Finance Minister Ranil Wickremesinghe was the same old grandiloquence the people in Sri Lanka have heard over the last couple of decades with no relief at all to the people or to the economy, the Sri Lanka Freedom Party (SLFP) charged.
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It has been decided to carry out raids to apprehend persons involved in human trafficking and smuggling throughout the country and to punish them irrespective of their ranks and files, Labour and Foreign Employment Minister Manusha Nanayakkara said.
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The Embassy of Sri Lanka in Moscow initiated a banking cooperation between People’s Bank in Sri Lanka and National Investment Industrial Bank in Russia (NIIB) to devising a platform for Russian tourists to make payments in Sri Lanka seamlessly in Sri Lankan Rupees (LKR) with effect from November 22, 2022.
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The CID conducting investigations into a massive financial fraud relating to Thilini Priyamali today informed the court that the ongoing investigations have revealed Thilini Priyamali had allegedly misappropriated more than 1.3 billion rupees of funds invested in her companies.
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The budget presented by Finance Minister Ranil Wickremesinghe was similar to a concept paper than a budget as the government has failed to explain the gravity of the economic crisis, Parliamentarian Anura Priyadarshana Yapa said today.
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Several suspects including owner of Thico Group Private Ltd Thilini Priyamali, Ven. Borelle Sirisumana Thera and businesswoman Janaki Siriwardena further remanded till November 30 by Colombo Fort Magistrate’s Court for alleged financial fraud incidents.
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The Tusker Muthuraja, which was a gift by the government of Thailand to Sri Lanka, was ordered to be handed over to the Dehiwala Zoological Garden due to ill treatment meted out on the animal by the mahout in charge.
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NASA’s towering next-generation moon rocket blasted off from Florida early on Wednesday on its debut flight, a crewless voyage inaugurating the U.S. space agency’s Artemis exploration program 50 years after the final Apollo moon mission.
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Ven. Omalpe Sobitha Thera said yesterday that the Ceylon Electricity Board (CEB) does not follow the instructions given by the Public Utilities Commission of Sri Lanka (PUCSL) for providing relief on the electricity bills to places of worship.