Spot gold soared to a record high of $4,383.73 per ounce on Monday, fueled by expectations of additional U.S. Federal Reserve interest rate cuts following […]
Year: 2025
Viral School Award Dispute: Sirimavo OGA Makes Request
A video shared on social media following the annual colours night ceremony at Sirimavo Bandaranaike Vidyalaya has sparked widespread public debate after a student claimed […]
RDA Explains New Ticket Issuing Procedure on Outer Circular Highway
Sri Lanka’s Road Development Authority (RDA) has announced changes to the ticket issuing system at the Kerawalapitiya Interchange on the Outer Circular Highway, effective from […]
BBC overhauls editorial committee after Trump speech row
The BBC has announced a shake-up of a key editorial committee following criticism of how the broadcaster handled concerns about the editing of a Donald […]
President praises Army’s service
President Anura Kumara Dissanayake stated that national progress cannot be achieved through suspicion and mistrust of one another, but only when everyone fulfils the responsibilities […]
Sri Lanka need not be a forex beggar nation, Treasury should charge dollar taxes
Sri Lanka, through its Treasury, is currently seeking budget support and dollar-denominated loans from the International Monetary Fund (IMF), the Asian Development Bank, and foreign […]
One Trillion Rupees After Ditwah: Sri Lanka’s High-Stakes Gamble on Recovery and Fiscal Discipline
One trillion rupees. Yes, you read that correctly. Twelve zeros. It seems the “Ditwah” relief and recovery effort is set to cost us roughly 3.5 billion US […]
Sri Lanka Cyclone output shock to likely be offset by ‘broken window fallacy’ effect
Sri Lanka’s gross domestic product in 2026 is expected to face a significant setback due to Cyclone Ditwah, but officials anticipate that the impact will […]
U.S. Dollar Index Forecast Signals Continued Weakness Through 2026–2029
Analysts and currency prognosticators are pointing to a prolonged period of U.S. dollar weakness over the next several years, according to long-range projections from financial […]
Sri Lanka to seek central bank dollars for debt repayment if IMF tranche delayed
Sri Lanka’s Treasury is able to manage its debt repayments up to the first two months of 2026 with support from Asian Development Bank (ADB) […]
Sri Lanka to spend Rs1,000bn on Ditwah recovery over three years
Sri Lanka is projected to spend approximately 1,000 billion rupees (about 3.5 billion US dollars) on Ditwah relief and recovery efforts over the next three […]
Sri Lanka dairy farmers to get up to Rs2m for cyclone hit cattle
Sri Lanka will provide compensation of up to two million rupees to cattle farmers for cross-bred animals lost during Cyclone Ditwah, with lesser amounts allocated […]
President Unveils Biggest Disaster Relief Plan in Sri Lanka’s History
A record-breaking recovery blueprint promises cash relief, farmer compensation, housing support and strict fiscal discipline as Sri Lanka confronts its toughest post-disaster test with confidence, […]
Programme for Disaster recovery and restoration of Railways
Sri Lanka’s railway network continues its phased recovery following the extensive infrastructure damage caused by Cyclone Ditwah and associated floods in late November and early […]
Sri Lanka to compensate rice farmers above actual financial loss: President
Sri Lanka’s rice farmers affected by Cyclone Ditwah will receive compensation not only for their actual financial losses but also for the emotional distress they […]
Nestlé Lanka chief says Sri Lanka can boost coconut exports to US $ 3bn
Sri Lanka has the potential to export coconut products worth US $ 2-3 billion, Nestlé Lanka Chairman and Managing Director Bernie Stefan emphasised at a […]
The Technocity Take a Strong Rs. 50 million Solidarity Effort to Rebuild Hope
The Technocity (Pvt) Ltd, Sri Lanka’s leading authorized IT distributor for globally recognized brands such as HP, ASUS, MSI, Lenovo, BenQ, Raidmax, and Kaspersky, has […]
Sri Lanka to get 3-year grace for $206mn emergency IMF loan, base rate 3.27-pct
Sri Lanka will pay approximately 3.275 percent plus surcharges for the $206 million Rapid Finance Instrument (RFI) loan, according to Evan Papageorgiou, IMF Mission Chief […]