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Poverty levels labelled as “alarmingly high at 24.5 percent” by the World Bank in a report released on April 23 raises concerns about economic wellbeing in Sri Lanka, despite the economy growing steadily after the economic crisis in 2022 “about a third—remains in poverty or is at risk of falling back into poverty,’’ said David Sislen, World Bank Division Director for Maldives, Nepal, and Sri Lanka.
9
Bolstered by strong leadership, global collaborations and investor-friendly frameworks, Port City Colombo is uniquely positioned to ascend as the fintech capital of South Asia, according to the Fintech Association of Sri Lanka (FASL).
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Matara Magistrate Aruna Indrajith Buddhadasa today directed the Attorney General to initiate proceedings before the Court of Appeal against former IGP Deshabandu Tennakoon, who is accused of contempt of court for allegedly violating conditions imposed upon his release on bail.
8
The International Monetary Fund (IMF) announced today that it has reached a staff-level agreement with the Sri Lankan authorities on the Fourth Review of the country’s economic reform program under the Extended Fund Facility (EFF).
4
The Attorney General has nominated Additional Solicitor General (President’s Counsel) Dileepa Peiris and Deputy Solicitor General Rajitha Perera to assist the Committee of Inquiry investigating Inspector General of Police (IGP) Deshabandhu Tennakoon.
8
China’s foreign ministry urged Washington on Friday to stop ’’misleading the public’’ on bilateral tariff negotiations, and said it wasn’t familiar with reports on whether Beijing was planning to exempt tariffs on some U.S. imports.
1
The United Nations on Thursday appealed to both India and Pakistan to show “maximum restraint” and avoid any further “deterioration” following a deadly attack on tourists in Kashmir. The two countries have inched closer to war since the attack, downgrading diplomatic ties, closing border crossings and revoking visas.
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Prime Minister Harini Amarasuriya requested devotees attending the Siri Dalada Vandanawa to be careful and act responsibly. She reminded them to be mindful of their surroundings and of the people next to them in the queue.
3
As Pakistan and India teeter on the brink of another clash, political parties from across the spectrum denounced the series of hostile measures, including the suspension of the Indus Waters Treaty, announced by New Delhi in the aftermath of the Pahalgam attack.
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Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath will represent the Government of Sri Lanka at His Holiness Pope Francis’ funeral, which will be held on Saturday (April 26) in Saint Peter’s Square, Vatican City.
8
Pakistan Army troops opened fire at multiple locations along the Line of Control (LoC) in Jammu and Kashmir on Friday in an apparent attempt to breach the ceasefire agreement, leading to the Indian Army hitting back effectively, news agency PTI reported, citing sources.