Delay in bond restructure stalls IMF board review on Sri Lanka’s reform progress
Having encountered “some setbacks” in the first round of sovereign bond restructuring talks in London last week, the Steering Committee of the Ad Hoc Group of Bondholders and the Sri Lankan official negotiators have pledged to continue the dialogue to arrive at a consensus within a few weeks, Finance Ministry sources confirmed.
IRD back-tracks reforms leading to revenue shortfall in 2024 despite 1Q gains
The Sri Lanka Inland Revenue Department (IRD) has been back-tracking the implementation of reforms leading to a revenue collection shortfall this year although it has exceeded the 2024 first quarter target by 13 per cent.
Sri Lanka’s continuation of present economic policy crucial for sustenance
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Sri Lanka co-chairs ASEAN Regional Forum inter-sessional meeting on disaster relief
The 22nd ASEAN Regional Forum (ARF) Inter-Sessional Meeting on Disaster Relief was held virtually earlier this week, hosted by Vietnam and co-chaired by Bangladesh, Sri Lanka and Vietnam, and attended by 55 participants from ARF member countries.
Sri Lanka-Russia discuss defence cooperation, cyber security
Defence Secretary Kamal Gunaratne met Secretary of the Security Council of the Russian Federation where they discussed a wide range of topics, including counter-terrorism efforts, cyber security and defence cooperation, the Ministry of Defence said.
Oriflame announces withdrawal from Sri Lanka due to economic challenges
Oriflame, a global beauty company, has announced its decision to withdraw from the Sri Lankan market effective 15 May 2024, citing a range of economic challenges that have made its operations unsustainable.
Sri Lanka ranks 5th among ‘World’s Best Countries to Visit in Your Lifetime, 2024’
Sri Lanka has been recognised as the 5th best country to visit in your lifetime, according to CEOWORLD Magazine’s prestigious rankings for 2024.
U.S. Under Secretary pledges support for Sri Lanka’s dairy modernization efforts
Under Secretary for Trade and Foreign Agricultural Affairs at the U.S. Department of Agriculture (USDA), Alexis Taylor, paid a courtesy call on President Ranil Wickremesinghe on Friday (26).
ProClime plans to invest US $150 million in Indian & Sri Lankan carbon projects
ProClime Services Pvt Ltd, a start-up focused on the climate sector, aims to invest about $150 million in carbon projects across sectors in India and Sri Lanka over the next 12-18 months.
New regulatory body to be introduced for energy sector
The Cabinet of Ministers has approved the proposal presented by the Minister of Power and Energy to appoint a committee to study the matter and make recommendations to prepare a necessary legal framework for the introduction of a regulatory body for energy sector.
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Biden says he's ready for election debate with Trump
US President Joe Biden said on Friday that he would be "happy" to face off with Donald Trump in a debate before the November election.
Pentagon to 'rush' Patriot missiles to Ukraine in $6bn package
The Pentagon says it will "rush" Patriot air defence missiles and artillery ammunition to Ukraine as part of its new military aid package.
CID to expedite investigations into ‘X-Press Pearl’ maritime disaster
The Colombo Magistrate’s Court has ordered the Criminal Investigations Department (CID) to expedite the probes related to the ‘X-Press Pearl’ maritime disaster.
Japan provides $3M through FAO to strengthen inland fisheries in Sri Lanka
The Japanese Government has provided a grant of US$3 million through the Food and Agriculture Organization of the United Nations (FAO), to strengthen inland fisheries and improve rural livelihoods in partnership with the Ministry of Fisheries of Sri Lanka.