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The Reserve Bank of India has issued a Gazette Notification regarding the amendment to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 which permits Indian Banks to lend in Indian Rupees to a bank or individual resident in Sri Lanka, Bhutan and Nepal.
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Foreign economic experts have warned that Sri Lanka will face another economic crisis in 2028 as it is not expected to earn the desired economic growth, attract sufficient foreign direct investments (FDI) and foreign remittance to earn USD 5 billion which will be needed annually to settle debts, Opposition Leader Sajith Premadasa said today.
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The Sri Lanka Bureau of Foreign Employment (SLBFE), citing data from the Central Bank of Sri Lanka, reports that migrant worker remittances in September 2025 increased to US$ 695.7 million, marking a notable rise from US$ 555.6 million recorded in September 2024 a year-on-year increase of US$ 140.1 million.
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Hamas handed over all 20 surviving hostages to Israel on Monday, a major step towards ending two years of devastating war in Gaza as U.S. President Donald Trump, who helped broker the truce, proclaimed it was ’’a great day’’.
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The 78th session of the World Health Organization’s (WHO) Regional Committee for South-East Asia commenced in Colombo today (13), with Sri Lanka’s Health Minister, Dr. Nalinda Jayatissa, elected as Chairman for a one-year term.
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The Red Cross said on Monday it had begun an operation in the Gaza Strip to pick up the first of 20 surviving Israeli hostages from militant group Hamas, the initial phase of a ceasefire agreement aimed at ending the conflict in Gaza that U.S. President Donald Trump helped to broker
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A new study has revealed that a large number of Sri Lankan adolescents are facing serious mental health challenges, with one in four showing clinically significant symptoms of depression and more than half reporting high levels of psychological distress.
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Inspector General of Police Priyantha Weerasuriya has decided to charge fees for providing police security at events held for commercial purposes, such as concerts, while continuing to provide security for free at non-commercial events.