by Garvin Karunaratne To my mind, the  Central Bank of any country is an integral part of the  sovereign country  and it is a ridiculous statement to talk of a Central Bank being independent of its  country.  It is actually the Central Bank of a country that has to perform the most important function of monetary policy-  what monetary policy can […]

Sasanka De Silva  Pannipitiya. Equinox and Solstice are both important astronomical events that mark the changing of seasons, but they differ in their specific characteristics and meaning. Here are the main differences: An equinox occurs when the Sun is directly above the Earth’s equator, and day and night are of approximately equal length all over […]

by Garvin Karunaratne Norochicolai breaks down again. Is there no other way to produce our power. I enclose one of my Papers that tell us that we can have all our power we need within one year at less than the cost of one years supply of oil we use for power now. I am […]

Light of Buddhadharma Foundation International Buddhavaccana (The Words of the Buddha) Connect This Lifetime🌈 (mailchi.mp) Over the past seventeen years, thousands have been gathering to chant the Tipitaka under the Bodhi Tree from December 2nd-13th. Since then annual chanting ceremonies have spread to all the ancient pilgrimage places of the Buddhadharma. Once again, the sound […]

By Shivanthi ranasinghe Courtesy Ceylon Today We have pledged to make India’s national security our topmost priority. This was first articulated in 2020 by the then Foreign Secretary Admiral (Rtd) Jayanath Colombage. During incumbent Foreign Minister Ali Sabry’s recent visit to India, this pledge was again reiterated. He explicitly stated that Sri Lanka would go […]

By Shamindra Ferdinando Courtesy The Island Ali Sabry responds to accusations Opposition MP Gevindu Cumaratunga yesterday (19) alleged that the Wickremesinghe-Rajapaksa government was going ahead with a project launched by former Justice Minister Ali Sabry with the backing of President Gotabaya Rajapaksa to conduct Law College examinations only in the English medium, much to the […]

Courtesy The Daily Mirror Considering the specialty and importance of the English language, the Education Ministry has decided to teach ‘Spoken English’ in all national schools, starting from grade one from March 30. Addressing an event at the Colombo University yesterday, Minister Susil Premajayantha said necessary updates will be made to bring all school syllabuses […]

Courtesy The Daily Mirror Finland has been voted the happiest place in the world for the sixth consecutive year while Sri Lanka was ranked 112th, according to the World Happiness Report 2023 released on Monday. Sri Lanka’s position has improved from the 2022 index where it was ranked 127th. In order to uncover the happiest […]

Courtesy The Daily Mirror Following the Executive Board discussion on Sri Lanka, IMF Managing Director Kristalina Georgieva said that Sri Lanka should stay committed to the multi-pronged disinflation strategy to safeguard the credibility of its inflation targeting regime. Sri Lanka has been facing tremendous economic and social challenges with a severe recession amid high inflation, […]

Courtesy Adaderana The Executive Board of the International Monetary Fund (IMF) has approved the Extended Fund Facility to Sri Lanka at its board meeting held today, according to State Minister of Finance Shehan Semasinghe.  He further said that President Ranil Wickremesinghe will make a special statement on this tomorrow (21). The International Monetary Fund (IMF) […]

Courtesy Adaderana The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury’s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board. The decision was taken during the Cabinet meeting held this evening […]

Courtesy Adaderana Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout. Mr. Wickremesinghe’s office quoted him as saying the widely expected International Monetary Fund (IMF) rescue will only give us a breathing space […]

Courtesy Adaderana The Secretary to the Treasury has informed the Board of Directors of Sri Lanka Telecom PLC (SLT) and Lanka Hospitals PLC that the Cabinet of Ministers has granted approval in principle for the divestment of the stakes held by the Treasury Secretary in the two companies.  Accordingly, the Secretary to the Treasury has […]

Courtesy Adaderana The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to consider instituting criminal proceedings against three pyramid-type prohibited schemes operating in the country. Accordingly, the CBSL has carried out investigations to ascertain whether the entities Fast 3Cycle International (Pvt) Ltd (F3C), Sport Chain App, Sports Chain ZS Society Sri Lanka […]