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Harsha raises alarm over potential rate hike and economic impact
The Central Bank of Sri Lanka (CBSL) may raise interest rates by at least 50 to 100 basis points next week, equivalent to an increase of 0.5% to 1%, Samagi Jana Balawegaya Member of Parliament Harsha de Silva told Parliament Yesterday…
Two Sri Lankan passengers arrested with over 14kg of ‘Kush’ at BIA
Two Sri Lankan passengers have been arrested at Bandaranaike International Airport (BIA) with a consignment of ‘‘Kush’’ narcotics valued at over Rs. 140 million.
The suspects were taken into custody by the Customs Narcotics Control Unit…
Adverse weather damages 200 houses, affects over 5,200 people across the country
The Disaster Management Centre (DMC) says that 200 houses have been partially damaged so far due to the prevailing adverse weather conditions.
According to a report issued by the DMC, the highest number of partially damaged houses has…
Chinese national arrested with stock of foreign cigarettes in Kollupitiya
A foreign national has been arrested in Kollupitiya, near Nimalka Gardens, with 540 sticks of foreign cigarettes allegedly brought into Sri Lanka illegally.
The arrest was made during a raid conducted by officers of the Colombo South…
Sri Lanka marks 17 years since the defeat of three-decade terrorism
Today (18) marks 17 years since the defeat of the brutal LTTE terrorism that plagued Sri Lanka for more than three decades.
The war officially came to an end on May 18, 2009, following the death of LTTE leader Velupillai Prabhakaran at…
“The Time for Wavering is Over”: Realizing the Indo-Lanka Land Link
The ambition of Sri Lanka to establish itself as the premier logistics and maritime hub of the
Indian Ocean is inextricably tied to its relationship with its largest neighbor, India. This
geographic reality was underscored by Y.K. Sinha,…
Indian Naval Ship IOS Sagar to arrive in Colombo today
Indian Naval Ship Sunayna as IOS Sagar with a multinational crew from 16 countries is scheduled to arrive in Colombo today, in continuation of Indian Navy’s endeavour to build ‘Bridges of Friendship’, the Indian High Commission in Colombo…
Death toll from adverse weather in Sri Lanka rises to two
The Disaster Management Centre (DMC) states that a total of two deaths have been reported as a result of the disaster situation affecting several districts across the island.
According to the report issued by the DMC at 6:00 a.m. today…
IMF reaffirms strong support for Sri Lanka amid economic pressures
The International Monetary Fund (IMF) has reiterated its commitment to supporting Sri Lanka as the country continues its efforts to maintain economic stability and recovery.
Speaking at a press briefing today (14), IMF Communications…
Sri Lankan Rupee weakens further as US Dollar hits highest level since Dec. 2023
The Sri Lankan Rupee came under further pressure today as the selling rate of the US Dollar rose to Rs. 329.92, marking the highest recorded rate since December 27, 2023.
According to exchange rate data released by the Central Bank of…