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Cyclone Ditwah, which struck Sri Lanka in late November, causing widespread flooding and landslides, is projected to shave off approximately 0.5 percent to 0.7 percent from the country’s real GDP growth, according to a flash note released by First Capital Research (FCR).
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The Colombo Stock Exchange witnessed subdued sentiment today, even as the Capital Goods sector dominated overall activity by contributing 39% of total turnover and generating LKR 1.46 billion. AEL.N emerged as the day’s top contributor, recording LKR 282 million in turnover with 3.9 million shares changing hands.
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Opposition Leader Sajith Premadasa said that the Samagi Jana Balawegaya (SJB) will take strict disciplinary action against members of the Kandy Municipal Council who reportedly obstructed relief efforts by volunteers in the district.
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Around 35 Opposition political parties which met former President Ranil Wickremesinghe today, urged the government to convene a national level meeting of political, religious and other civil leaders to discuss the current disaster situation.
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Former Minister of Finance and current Member of Parliament, Ravi Karunanayake, today moved to correct what he described as misleading statements made by the Prime Minister in Parliament regarding the 2015 Treasury Bond issue.
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A legal fight over whether an international broker can take part in Sri Lanka’s reinsurance procurement has taken a fresh turn after the Supreme Court cleared the path for the District Court to decide the matter independently.
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The Criminal Investigation Department (CID) has launched an investigation under emergency regulations after police identified 57 social media posts containing fake news, disinformation, rumours, and unverified updates that have circulated in recent days.
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Archbishop of Colombo Cardinal Malcolm Ranjith today urged all Catholics in the Archdiocese and in Sri Lanka to make this year’s Christmas deeply spiritual through concern for the needy and those who have been affected by the recent disaster.
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Google’s YouTube shared a ’’disappointing update’’ to millions of Australian users and content creators on Wednesday, saying it will comply with a world-first teen social media ban by locking out users aged under 16 from their accounts within days.
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Sri Lanka Podujana Peramuna (SLPP) MP Namal Rajapaksa today urged the Speaker to appoint a Parliamentary Select Committee to investigate into the allegations of the failure to prevent the devastation caused by the adverse weather in the country.
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The World Health Organization (WHO) has allocated US$175,000 in emergency funds to support critical health services for communities affected by severe flooding and landslides across all 25 districts of Sri Lanka.
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Deputy Minister Sunil Watagala has directed the police to invoke emergency regulations to take action against individuals carrying out defamatory social media campaigns targeting the President and several government Ministers.