IMF urges revenue measures and spending cuts for 2025 budget
States need is to reach medium-term primary balance objective of 2.3% of GDP
IMF cautions that policy missteps could threaten the fragile economic recovery.
**The Decision That Shook America: Biden Steps Down, Harris Steps Up**
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"The worth of a state, in the long run, is the worth of the individuals composing it. John Stuart Mill”
Overwhelming evidence Venezuela opposition won election - Blinken
The US secretary of state has said there was "overwhelming evidence" Venezuela's opposition won the recent presidential election.
Americans freed in Russia prisoner swap land in US
Americans including Wall Street Journal reporter Evan Gershkovich, who were freed in a prisoner swap deal with Russia, have arrived back on US soil.
Sri Lanka’s National Industrial Policy and 2023-2027 Strategic Plan prepared
editor
Secretary to the Ministry of Industries, Shantha Weerasinghe announced that the “National Industry Policy,” along with the five-year strategic plan for 2023-2027, has been prepared and submitted to the Department of National Planning.
CameraLK Unveils New Sony Service Center with Specialized Repair Solutions
editor
CameraLK, Sri Lanka's leading camera retail giant, recently unveiled its brand-new CameraLK Service Center at 244 High Level Rd, Colombo 05. This state-of-the-art facility is dedicated to servicing and repairing Sony cameras,
CEB earns Rs. 30 million ‘undue’ profits from new connections in March:
The Electricity Consumers' Association (ECA) claimed that the Ceylon Electricity Board (CEB) made an undue profit of Rs. 29.7 million during the period from 6 to 31 March of this year,
Sri Lanka EPF gets back Rs231mn on Laugfs Gas share manipulation case
Sri Lanka’s Employees Provident Fund has been repaid 231 million rupees it was estimated to have lost by purchasing shares of Laugf Gas Plc in 2011, the Securities Exchange Commission said in an online filing.
Sri Lanka’s Adani, John Keells container terminal to start in early 2025
Colombo port’s West Container Terminal, backed by India’s Adani and Sri Lanka’s John Keells expects to start operations in early 2025.
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Passport issuance limited for two months ahead of e-passport launch
The passport issuance has been limited for the next two months in preparation for the country's first issuance of e-passports., Public Security Minister Tiran Alles said.
Port City Colombo announced that two regulations, Offshore Banking, and Offshore Banking -- Prudent Management and Confidence, have been gazetted for commercial operations within the area of authority of the Colombo Port City Special Economic Zone.
State Minister of Finance Shehan Semasinghe yesterday announced that the Government plans to permit the importation of vehicles for private use starting in the first quarter of 2025.
President forms 3 special committees to address potential global impacts on Sri Lanka
President Ranil Wickremesinghe has arranged to appoint three special committees as a preliminary measure to address the security and economic pressures that may affect Sri Lanka, considering the potential developments in the Middle East and globally, including the assassination of a Hamas political leader in Iran.