Economic Transformation bill to be enacted soon for continuation of IMF program
Sri Lanka is now enduring a legislative transformation by introducing a series of new laws and amending prevailing ones taken into account on past experiences for future actions and performances, Finance Ministry sources acknowledged.
CB Governor urges maintaining stability
Central Bank Governor Nandalal Weerasinghe has given a loud and clear message to the nation emphasising the need of sustaining the stability achieved through decisive policy adjustments and structural reforms in the short term following the economic downturn in 2022.
Insolvent firms to operate under debt restructure scheme
Sri Lanka’s insolvent companies are to be allowed to continue operating following government’s decision of enabling creditor banks to avoid declaring bankruptcy of such entities, Finance Ministry sources said.
Ceylon Federation of MSME enters a MOU with IDB to Develop Entrepreneurship.
For the first time in Sri Lanka, to promote entrepreneurship (Public/Private), the Industrial Development Board and the Ceylon Federation of MSME signed a memorandum of understanding today (2024.05.09) at the Industrial Development Board head office.
Spain Socialists win Catalan vote as separatists lose ground
The Socialists of Spanish Prime Minister Pedro Sánchez have won Catalonia's regional election as pro-independence parties lost ground.
Vladimir Putin set to transfer Sergei Shoigu from Russian defence ministry
Russian President Vladimir Putin is set to replace his long-standing ally Sergei Shoigu as defence minister, the Kremlin has announced.
The escaped dissident still pursued decades on by China
Three decades ago, Chinese dissidents were being smuggled out of the country in a secret operation called Yellow Bird - but as one of them tells the BBC, Beijing is still pursuing them.
Thousands march in Georgia over foreign influence bill
Tens of thousands of Georgians have taken to the streets of the capital Tbilisi on Saturday evening to protest a controversial "foreign influence" bill backed by the government.
Strong solar storm hits Earth, could disrupt communications and produce northern lights in US
An unusually strong solar storm hitting Earth could produce northern lights in the U.S. this weekend and potentially disrupt power and communications.
US says Israel may have breached international law with American weapons in Gaza
The US says Israel may have used American-supplied weapons in breach of international humanitarian law in some instances during the war in Gaza.
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US says Israel may have breached international law with American weapons in Gaza
The US says Israel may have used American-supplied weapons in breach of international humanitarian law in some instances during the war in Gaza.
Air India back in operation with Hayleys as new General Sales Agent
Indu Sky Aviation Ltd. has failed in multiple attempts to legally restrain Air India from transferring their General Sales Agency (GSA) to a third party, upon the expiration of the GSA with Indu Sky.
Central Bank clears off-shore banking regulations for Port City
In a significant development the Central Bank has cleared the Colombo Port City Banking and Financial Services Regulations that will be applicable to Colombo Port City.
Tourist arrivals in Sei Lanka soar past 800,000
Sri Lanka’s tourism sector celebrates a significant milestone as tourist arrivals soar past 800,000, sparking optimism for the year-end targets.