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India said it is and will remain Colombo’s most reliable friend and dependable partner as it underlined that New Delhi was willing to offer modern defence equipment to friendly partner countries like Sri Lanka.

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Foreign and Comm-onwealth Development Office advice on Sri Lanka has been revised after a major campaign led by UK firm Experience Travel Group.

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Senior Advisor to the President on National Security Sagala Ratnayaka yesterday had a telephone conversation with the US National Security Advisor Jake Sullivan where the duo discussed matters to strengthen peace and security in the region.

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Despite the Ceylon Petroleum Corporation's (CPC) implementation a VAT on discounts for Petroleum Dealers, Vice President Kusum Sandanayaka of the Sri Lanka Petroleum Private TankOwners’ Association stated they’ll ensure uninterrupted fuel distribution until April 20.

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Sri Lanka’s labour force participation rate hit a new low in 2023, the recently published Labour Force Survey (LFS) annual bulletin highlighted.

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Driver negligence, vehicle maintenance issues and accidents caused by third parties were identified as the three main reasons for accidents on expressways, the Advisory Committee for Expressway Safety Actions member Dr. Chamod Hettiarachchi said.

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Sri Lanka state banks are to undergo comprehensive reforms in the areas of administration, risk management and supervision due to challenges faced during past economic crises.

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A Parliamentary Committee has revealed that CCTV camera equipment that had been purchased at a cost of Rs. 2.1 million to be fixed at the internal premises of the Immigration and Emigration head office had been stored for six years without being fixed.

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Given the current favourable macroeconomic headwinds and economic resurgence, Sri Lanka is optimistic about finalising debt-restructuring talks in London with international creditors and entering into an agreement on the US$12 billion debt re-work proposal, a senior Finance Ministry official said.

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Sri Lanka’s budget for the first time in history is set for a complete overhaul, covering the entire government sector to ensure full transparency of fiscal planning and other policy interventions, Finance Ministry sources said.

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