BY EDWARD THEOPHILUS The senior Mission Chief of the International Monetary Fund has stressed that Sri Lanka needs to achieve inclusive growth and stability. The concept of inclusive situation is a vital aspect of Sri Lanka as the culture of the country has not promoted the concept of inclusive conditions for various concerns of development […]

Sasanka De Silva Pannipitiya Genetically modified (GM) foods, also known as genetically engineered (GE) foods, are foods produced from organisms that have had their genetic material (DNA) altered in a way that does not occur naturally through mating or natural recombination. This genetic modification is achieved by introducing new or altered genes into the organism’s […]

Prime Minister’s Media  Prime Minister Dinesh Gunawardena said that  the role played by our Venerable Nayaka  Theras is most significant at a time when the  whole world is searching for Buddhism. He stated this when he visited the Chief Incumbent of Vidyalankara Parivena and Director  Venarable Valamitiyawe Gnanarathana Thera who was appreciated and awarded the […]

BY NABEEL SHAIKH Courtesy Simply Flying The country’s transport minister said that he would not arrest any Russian aircraft. Sri Lankan transport minister Bandula Gunawardana pledged not to arrest any Russian-flagged aircraft as part of talks for a new agreement between the two countries. The announcement comes nine months after an incident involving the grounding […]

Courtesy The Daily Mirror Leading economist Prof. Rohan Samarajiva, who is also chair of LIRNEasia, spells out the way forward for the country in the aftermath of the arrangement with the International Monetary Fund (IMF). Excerpts of the interview: Q   Sri Lanka celebrates the arrangement with the International Monetary Fund (IMF). But, there is a long way […]

By Neville Ladduwahetty Courtesy The Island During his address to the Economic Dialogue – IMF and Beyond”, the President declared that Sri Lanka is at a crossroad and it was the nation’s last chance to forge ahead or fail (Daily FT, 31, 2023). Now that Sri Lanka has committed itself to the terms and conditions […]

by C. A. Chandraprema In comparison to the provisions in the Anti-Terrorism Bill to confer on Magistrates the discretionary power to place terrorist suspects in custody, the provision for judicial review in the amendment to the PTA passed last year appears to be a much more practicable alternative because it is the Supreme Court and […]

Courtesy The Daily Mirror The Transport and Highways Ministry will seek foreign investments to reconstruct the British-era rail track from Nanu-Oya to Ragala via Nuwara-Eliya, a Minister said. The 31-kilometre narrow-gauge rail track was constructed during the British time. However, it had been dismantled later by the British rulers, apparently due to lack of commercial […]

Courtesy The Daily Mirror A card system will be introduced this year to enable passengers to obtain tickets for Sri Lanka Transport Board (SLTB) buses instead of using money, Transport Minister Bandula Gunawardena said. Accordingly, a new technical solution will be introduced for passengers to obtain bus tickets using a QR code. Minister Gunawardena said […]

Courtesy The Daily Mirror The Sri Lankan Rupee (LKR) has further appreciated against the US Dollar (USD) today, according to the Central Bank. Accordingly, today’s buying rate of USD is Rs. 311.63 while the selling rate is Rs. 327.72.

Courtesy The Daily Mirror The government has decided to allow the entry of three foreign companies to sell fuel below the prices set by the Ceylon Petroleum Corporation (CPC) for the benefit of the government as well as the people, Finance State Minister Ranjith Siyambalapitiya said. “We still face the main problem of making fuel […]

Courtesy Adaderana President Ranil Wickremesinghe directed officials to develop a formal plan aimed at maximizing the contribution of the Nuwara Eliya District, a major tourist city, to the Sri Lankan Government’s program to establish a stable economy within a four-year timeframe. During a discussion held at the Nuwara Eliya District Secretariat this morning (10), the […]

Courtesy Adaderana Minister of Foreign Affairs Ali Sabry convened a briefing on current developments in Sri Lanka for the Colombo-based diplomatic corps on Monday (10 April).  Minister of State of Foreign Affairs Tharaka Balasuriya, Chief of Staff to the President Sagala Ratnayaka and Foreign Secretary Aruni Wijewardane were associated with the briefing, the Ministry of […]

Courtesy Hiru News Former Central Bank Governor Dr. Indrajit Coomaraswamy said that foreign creditors would want to get the debt restructuring exercise over with as quickly as possible. He noted that it wouldn’t be in the interests of foreign creditors to put the local banking sector into crisis. He added that macroeconomic indicators had improved […]