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Ashburn Wednesday 27 Sep 2023
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World/Sri Lanka

Sri Lanka

13 mins ago
Death Penalty for Drug Trafficking: A Global Perspective

Drastic Measures: Death Penalty for Drug Trafficking In recent news, five individuals were sentenced to death by...

15 mins ago
Sri Lanka’s Inflation Rates Take a Positive Turn

Historic Drop in Inflation In a significant economic development, Sri Lanka has reported a substantial decrease ...

18 mins ago
Revitalizing Sri Lanka’s Tourism Industry: Bold Steps Towards a Lucrative Future

Setting Sights High The picturesque island nation of Sri Lanka has an ambitious goal: Draw 1.5 million internati...

4 hours ago
Global Highlights on Death Sentence Verdicts

Death Sentences in Sri Lanka In a significant court ruling, the Kalutara High Court in Sri Lanka hande...

4 hours ago
A Closer Look at Sri Lanka's Merchandise Exports in 2023

Merchandise Exports Show Marginal Increase in August 2023 In August 2023, Sri Lanka’s merchandis...

4 hours ago
Channel 4 Documentary on Sri Lanka: A Question of Credibility

Behind the Controversial Documentary A recent documentary aired on Channel 4 has sparked notable atten...

4 hours ago
The IMF and Sri Lanka: A Look at the Future of the Extended Fund Facility

The Extended Fund Facility: An Overview The International Monetary Fund (IMF) has been a crucial playe...

IMF Reviews $2.9 Billion Loan Program Amid Revenue Shortfall Concerns in Sri Lanka
A Crucial Review Amid Economic Crisis The International Monetary Fund (IMF) is currently monitoring the anticipated shortfall in Sri Lanka's revenue collection for the current year. Despite this concern, the shortfall is not expected to disrupt the $2.9 billion loan program that aims to aid the economically beleaguered nation. In recent times, a delegation from the IMF has met with Sri Lankan officials, including the President and the central bank governor, as part of a review of the four-year loan deal agreed upon in March. This review is of utmost importance for the continuation of the program, which is crucial for Sri Lanka as it gradually recovers from its most severe economic crisis in over seven decades. It is noted that Sri Lanka has managed to meet most of the prerequisites required for the completion of the first review, including making headway on domestic debt restructuring. The Anticipated Revenue...
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IMF Reviews $2.9 Billion Loan Program Amid Revenue Shortfall Concerns in Sri Lanka
4 hours ago
Former MP Nishantha Muthuhettigama Granted Bail
The Arrest and Bail Former Member of Parliament, Nishantha Muthuhettigama, who was recently in custody over allegations of illegal jeep assembly, has been granted bail by the Galle Chief Magistrate. Muthuhettigama was released on two surety bails of Rs. 5 million each and a cash bail of Rs. 50,000. The case has been scheduled for
4 hours ago
Sri Lankan President Heads to Berlin Global Dialogue
  President Wickremesinghe’s Departure to Germany President Ranil Wickremesinghe of Sri Lanka embarked on his journey to Germany, confirming his intent to participate in the Berlin Global Dialogue. The international forum, scheduled for September 28 and 29, 2023, aims to address contemporary geopolitical and economic challenges. This departure marks another global engagement for the President,
5 hours ago
Rising Tide of Fare Evasion: A Close Look at Increased Ticket Inspections on Sri Lanka's Railways
  Reviving Ticket Inspections Amid a Pandemic In the wake of the Covid-19 pandemic, many sectors have been forced to adapt and alter their conventional ways of operation. Among these, the railway department has not been an exemption. With an alarming rise in commuters traveling without tickets, the Department of Railways in Sri Lanka has
Revamping Sri Lanka's Tax Revenue: A Call for Systematic Oversight and Decisive Action

Revamping Sri Lanka's Tax Revenue: A Call for Sy...

Overseeing Tax Revenue-Generating Institutions In a recent call to action, MP Mahindananda Aluthgamage, Chair of the Sectoral Over...

Exploring the Impact and Implications of the Recent Sri Lanka Air Force Explosion

Exploring the Impact and Implications of the Rec...

Details of the Incident On September 26, a tragic incident occurred at the Sri Lanka Air Force (SLAF) Field Firing Range in Kandak...

Revisiting History: Sri Lanka's President Calls for Reassessment of King Sitawaka Rajasingha's Legacy

1 day ago

Revisiting History: Sri Lanka's President Calls for Reassessm...

A Crucial Review Amid Economic Crisis The International Monetary Fund (IMF) is currently monitoring the anticipated shortfall in Sri Lanka's revenue collection for the current year. Despite this concern, the shortfall is not expected to disrupt the $...

Sri Lanka's Rugby Stabilization Committee Dissolved: A Detai...

  The Revocation of the Stabilization Committee Sri Lanka’s Sports Minister, Roshan Ranasinghe, recently rescinded his ...

Sri Lanka’s Squad for ICC Cricket World Cup 2023: A Blend ...

  Squad Announcement: The Perfect Balance The Sri Lanka cricket team has officially announced its lineup for the upcoming ICC...

Sri Lanka Eyes Economic Recovery: Upcoming IMF Meeting To Co...

Sri Lanka in Crucial Discussions with IMF With the aim to navigate through its most severe financial crisis in over 70 years, Sri ...

A Deep Dive Into Sri Lanka's Political Quagmire: The Suspens...

A Twist in Sri Lankan Politics In a recent turn of events, the Colombo District Court suspended an interim injunction that was pre...

Asia's Largest Oil & Gas Company, PetroChina International, Wins Diesel Supply Contract in Sri Lanka
  PetroChina International Secures Major Diesel Supply Contract PetroChina International's Singapore branch, the largest oil and gas company in Asia, has been awarded a contract to supply four shipments of diesel to Sri Lanka. This development followed an invitation by the Ceylon Petroleum Corporation (CPC) for bids to obtain a long-term contract for the provision of four diesel shipments over a four-month period, from November 1, 2023, to February 29, 2024. (Read Also: Implementing Xi Jinping’s Socialist Philosophy: A Deep Dive into Jiangmen’s Mobilization Initiative) Out of the five bids received, the Cabinet of Ministers approved the proposal put forth by the Minister of Power and Energy, Kancha...
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Asia's Largest Oil & Gas Company, PetroChina International, Wins Diesel Supply Contract in Sri Lanka
Sri Lanka Court Bans Commemoration of LTTE Member Thileepan

Sri Lanka Court Bans Commemoration of LTTE Member Thileepan...

Sri Lanka Court Restricts Thileepan Commemorations The Trincomalee Magistrate’s Court in Sri Lanka has recently issued a prohibition order on the commemoration of ‘Thileepan’, a member of the banned organization, Liberation Tigers of Tamil Eelam (LTTE), in several areas within Trincomalee. The cour...

Supreme Court Petition Challenges Sri Lanka's Domestic Debt Optimization Program

Supreme Court Petition Challenges Sri Lanka's Domestic Debt Optimization Program...

Understanding the Domestic Debt Optimization (DDO) Program The Sri Lankan government’s Domestic Debt Optimization (DDO) program has been met with controversy and legal challenges. A petition has been filed in the Supreme Court challenging the program’s constitutionality and its impact on the country&...

Sinopec's Retail Fuel Operations Launch: A Leap towards Enhanced Energy Security in Sri Lanka

Sinopec's Retail Fuel Operations Launch: A Leap towards Enhanced Energy Security in Sri Lanka...

Chinese Energy Giant Dives into Sri Lanka’s Fuel Retail Market Chinese oil and gas company, Sinopec, has officially commenced its retail fuel operations in Sri Lanka, marking a significant energy partnership and investment in the region. This move signifies the company’s continued expansion and influ...

Sri Lanka's Cricket World Cup 2023 Hopes Dampened: Key Player Ruled Out Due to Injury

Sri Lanka's Cricket World Cup 2023 Hopes Dampened: Key Player Ruled Out Due to Injury...

A Blow to Sri Lanka’s Cricket World Cup Dreams Sri Lanka’s cricket team faces a significant setback in their journey towards the ICC Men’s Cricket World Cup 2023, as their leading spinner, Wanindu Hasaranga, is ruled out due to a grade three hamstring tear. The top-rated player was the leading ...

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