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The government faces the challenge of preventing a surge in inflation as the Rs. 500 billion allocated for rebuilding the country after Cyclone Ditwah begins to circulate in the economy, President Anura Kumara Dissanayake told Parliament today.
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The CSE extended its downward trend on Friday, marking another red session amid subdued turnover and lower trading volumes. Investor sentiment remained weak as the market continued to pull back from its All-Time High (ATH), with the ASPI now reflecting a 9.3% correction from peak levels.
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The Official Creditor Committee (OCC) has formally granted a “no objection” clearance, enabling Sri Lanka to proceed with its proposed settlement arrangements for foreign borrowings guaranteed by the government for SriLankan Airlines.
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National Hospital Deputy Director Dr. Rukshan Bellana was removed from his post as he had revealed sensitive information on patients and creating panic, Deputy Minister of Health Hansaka Wijemuni told Parliament today.
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WikiLeaks founder Julian Assange has filed a criminal complaint in Sweden against the Nobel Foundation, challenging the organisation’s decision to award its Peace Prize to Venezuelan opposition leader Maria Corina Machado.
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The Bar Association of Sri Lanka (BASL) has strongly condemned the conduct of Kaduwela Mayor Ranjan Jayalal, alleging that he had obstructed and hindered an Attorney-at-Law while representing an Animal Welfare Association at an inquiry conducted by the Mayor.
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The government will not seek the support of former leaders who were involved in corruption through disasters, in the fund raising process this time, Prime Minister Harini Amarasuriya said today.
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The initial grant of Rs. 25,000 paid for flood affected families to clean their houses have been paid to 257,000 families out of the total of 493,000 entiled to the payment so far, Public Security Minister Ananda Wijepala said today.
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The homeland security secretary, Kristi Noem, has ordered the suspension of the green card lottery program at Donald Trump’s direction, saying it allowed the suspect in the Brown University and MIT shootings to come to the US.
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A man credited with saving lives for wrestling a gun from one of the alleged attackers during a mass shooting at Australia’s Bondi Beach received a cheque for more than A$2.5 million ($1.65 million) on Friday, after tens of thousands of people contributed to a donation website.
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Of the country’s approximately 2.3 million hectares of agricultural land, 175,000 hectares or 7.6 percent of land has been damaged in Sri Lanka due to the recent cyclone causing a setback in harvest, output levels and driving price hikes for locally produced food, according to the Department of Agriculture compiled with the Food and Agriculture Organization (FAO).