Land connectivity proposal came from SL President- Indian Foreign Secretary
Indian Foreign Secretary Vinay Mohan Kwatra said land connectivity between India and Sri Lanka was proposed by Sri Lankan President Ranil Wickremesinghe.
Health Ministry admits quality issues in 63 drugs in 2023
The Health Ministry has acknowledged that a total of 63 drugs have failed quality tests in 2023, Additional Secretary to the Health Ministry, Dr. Saman Rathnayake, disclosed during a news briefing held at the Ministry auditorium yesterday.
Sri Lanka telecom chairman Rohan Fernando sacked.
Rohan Fernando, Chairman of Sri Lanka Telecom (SLT), has been removed from his post. Accordingly, Fernando said that the Board of Directors have removed him from his post as the Chairman of SLT.
Japan’s destroyer Samidare arrives at Colombo Port
The Japan Maritime Self-Defense Force (JMSDF) Destroyer SAMIDARE today (20) arrived at the port of Colombo on an official visit, the Sri Lanka Navy said.
INR becomes designated foreign currency in Sri Lanka
Sri Lanka has already notified India that the Indian Rupee is a designated foreign currency in its system, revealed Indian External Affairs Ministry Spokesperson Arindam Bagchi on Thursday (20).
Sri Lanka and India to agree on on maritime, air, energy, trade connectivity
Sri Lanka and India are expected to take decisions regarding connectivity dimensions in maritime, air, energy and trade domains, an authoritative source said.
EU extends current GSP+ Scheme for another four years
The European Commission has suggested that the current GSP+ (Generalised Scheme of Preferences Plus) scheme be extended by 04 years, amidst the ongoing negotiations for the EU’s new GSP+ arrangement.
IMF board member expects Sri Lanka to pass first bailout review
Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation’s representative on the International Monetary Fund executive board.
EU, AFD, and World Bank strengthens Sri Lanka’s public finance management
The Sri Lankan government and World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances.
BIA staff stage protest over pay
JStaffers of the Bandaranaike International Airport (BIA) in Katunayake have reportedly launched a protest outside the premises of the airport, based on several demands.
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Sri Lanka to join the world largest trade bloc to revive economy
In its bid to revive the economy in the long run, Sri Lanka has initiated steps to join the world's largest free trade zone called 'Regional Comprehensive Economic Partnership (RCEP) ', a trade grouping of countries including key world economies such as China, Australia and Japan.
EPF holds the 36 percent of Government Treasury Bonds
The Employees Provident Fund (EPF), Sri Lanka’s largest superannuation fund, was the predominant holder of Government Treasury Bonds at the end of 2022, according to PublicFinance.lk.
Over 500,000 Sri Lankan households desist from using electricity
In the wake of ever increasing electricity bills, a large number of Sri Lankan households desist from using electricity due to economic hardships.
The number of electricity consumers who have a reading of zero on their meters, as a result of apparently not using electricity is increasing rapidly.
According to the Public Utilities Commission, the number of households who have refrained from using electricity and therefore have a zero meter reading after the increase in electricity tariffs has increased from 350,000 households to over 500,000 households.
Alliance Air boosts connectivity between Chennai and Jaffna with daily flights
In a significant development, Alliance Air has commenced daily commercial flights between Chennai and Sri Lanka’s Jaffna city, taking travel and trade between the two countries to new heights.