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.
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.
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.
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.
Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing US $1 billion in earnings during the first quarter of 2024, Tourism Minister Harin Fernando disclosed.
United Republican Front (URF) leader Patali Champika Ranawaka said Sri Lanka defaulted on a payment of USD 6 billion starting from April 2022 when the country announced bankruptcy.
Aeroflot Russian Airlines and Rossiya Airlines are set to continue their summer operations to Sri Lanka, reflecting their confidence in the country as a preferred travel destination.
The US Ambassador to Sri Lanka Julie Chung yesterday commended that Sri Lanka has made great progress on the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) program.
An investigation has been launched into the incident where the official website of the Sri Lanka Education Ministry was hacked by an unidentified hacker.
Claiming that both Sinhala and Tamil people have a right to interact with the State in their own languages, NPP leader Anura Kumara Dissanayake said that the proportion of the Tamil youth in public institutions, tri-forces and important sectors should be increased.