News

Sri Lanka’s ongoing economic crisis would deepen if one creditor disagrees, a senior International Monetary Fund (IMF) official said amid concerns that China would not go along with Western creditors on debt restructuring on an equal footing. All Sri Lankan...

S.P.C. Sugeeshwara, Director of Irrigation (Hydrology), stated that four spill gates of the Deduru Oya were opened last night to release 8,400 cubic metres per second due to worsening weather conditions. With the current inclement weather, he said, water levels...

 Sri Lanka has to prepare a 2023 budget, market determine the exchange rate to get funds while working with creditors in parallel to restructure debt, International Monetary Fund officials said. “This is the beginning of a long road for Sri...

The Government of Sri Lanka and UNDP in Sri Lanka today announced the launch of the Sri Lanka SDG Investor Map (the Map), a market intelligence tool that seeks to direct private capital where Sri Lanka’s Sustainable Development Goals (SDG)...

The Gampaha High Court has acquitted two key suspects who were arrested over the murder of former Minister Jeyaraj Fernandopulle. Former SP of Gampaha Lakshman Cooray and former LTTE member Selvaraja Kirubakaran alias Morris have been acquitted by the court....

Galle district has become the dungeon of the underworld. A senior police officer said that 15 murders have taken place in Galle district in three months from June 1 to August 31 this year. Twelve of these murders were carried...

Indian media reports that Sukesh Chandrashekharla, who was a notorious criminal in India, bought a house in Sri Lanka for Jacqueline Fernandez. According to the Indian media, it has been revealed that an advance for a bungalow in the high-value...

Crisis-hit Sri Lanka's inflation hit an eleventh consecutive monthly record in August, official data showed on Wednesday, rising to 64.3 percent as the International Monetary Fund extended bailout talks by one more day. The benchmark year-on-year Colombo Consumer Price Index...

The International Monetary Fund said it had reached a deal with Sri Lanka for a 2.9 billion US dollar program. The full statement is reproduced below: The Sri Lankan authorities and the IMF team have reached staff-level agreement to support...

The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, using funds from other ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, particularly women and children. "In the...