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Sri Lanka to maintain inflation rate of around 5% in future
The Central Bank of Sri Lanka (CBSL) and the government has decided to maintain the inflation rate of around 5% in the future, in accordance with the new CBSL Act, Governor Dr. Nandalal Weerasinghe said today.
He mentioned this while…
President Ranil encourages graduates to stay and advance Sri Lanka’s future
Despite economic challenges and global competition, President Ranil Wickremesinghe, addressing the General Convocation of Sir John Kotelawala Defence University encouraged graduates to contribute to Sri Lanka’s growth.
President…
No expectation of returning to power, says Mahinda Rajapaksa
Former President Mahinda Rajapaksa says that he has no expectation of returning to power and that the party should now move forward together with a new leadership.
The former president, who visited Sri Sambuddhaloka Maha Viharaya in…
Central Bank reduces its policy interest rates
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 10.00% and…
Chairman of CPC and CPSTL resigns
Mohamed Uvais Mohamed, the chairman of the Ceylon Petroleum Corporation (CPC) & Ceylon Petroleum Storage Terminals Limited (CPSTL), has stepped down from his positions.
In a post on X (formerly Twitter), Minister of Power &…
World Bank boosts Sri Lanka economic forecasts after inflation progress
The World Bank revised up its forecasts for Sri Lanka’s economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.
The bank…
Online Safety Bill to be tabled in parliament today
The much-debated Online Safety Bill, which has come under fire for some of its problematic aspects, is slated to be presented to the parliament today (Oct. 03). The session will commence at 9:30 a.m.
However, the proposed Anti-Terrorism…
“No international inquiry”: President Ranil lashes out when asked about Easter attack allegations
President Ranil Wickremesinghe, during an interview with an international broadcaster based in Germany, slammed the allegations levelled in the documentary aired by British television network Channel 4.
He stressed that the Sri Lankan…
CID to probe Mullaitivu District Judge’s resignation over ‘death threats’
Minister of Public Security Tiran Alles has ordered the Criminal Investigation Department (CID) to launch a comprehensive investigation into the events that led to the resignation of Mullaitivu District Judge T. Saravanarajah and his…
Special discussion on SriLankan Airlines flight delays to be held today
A special discussion pertaining to the recent repeated flight delays of SriLankan Airlines is scheduled to be held today (02) headed by Minister of Ports, Shipping and Aviation, Nimal Siripala De silva.
The discussion will reportedly…