The Asian Development Bank (ADB) says its annual flagship economic publication  the Asian Development Outlook (ADO) April 2024  has projected Sri Lanka s economy to record moderate growth of 1.9% in 2024 and 2.5% in 2025 following two consecutive years of contractions.

By Saman Indrajith The SJB yesterday said the JVP-led NPP’s call for the participation of President Ranil Wickremesinghe in the proposed debate on the economy was a diversionary tactic. The SJB has challenged the NPP’s economic council members to a debate on how to resolve the economic crisis

Thursday 11th April, 2024 Astrologers were clashing over the traditional New Year auspicious times or nekath, at the time of writing. Some of them are of the view that the nekath prepared by what is described as the State Astrologers’ Committee of the Department of Cultural Affairs will have malefic effects on the country. However, […]

A response to the ‘Anatomy of a movement: Jathika Chinthanaya’ by Dr. Sumedha S. Amarasekara This article is a response to the question- ‘If the failure of the left was what portended Jathika Chinthanaya, what would the sterility and decay of Jathika Chinthanaya portend?’ asked by Uditha Devapriya (UD) at the end of his article: […]

President Ranil Wickremesinghe has affirmed his commitment to empowering the people and fortifying the economy by ensuring access to education, land, housing, and business opportunities.

Sunrisers Hyderabad have signed 22-year-old Sri Lanka legspinner Vijayakanth Viyaskanth as a replacement for the injured Wanindu Hasaranga at his reserve price of INR 50 lakh. Hasaranga was officially ruled out of IPL 2024 on Saturday owing to chronic pain in his heel that initially delayed his arrival for the tournament. Viyaskanth first rose to […]

The Cabinet of Ministers approved the proposal presented by the President, in his capacity as the Minister of Investment Promotion, to designate the following companies as Secondary businesses of Strategic Importance and grant exemption or incentives to those companies from the Acts mentioned under Schedule II of Colombo Port City Economic Commission Act, and to […]

The World Bank has found that more than a quarter of Sri Lanka’s population is living in poverty,according to its latest publication. Titled ‘World Bank Update: Bridges to Recovery’ released last week (April 2) shows that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 in Sri Lanka. […]

President Ranil Wickremesinghe participating at the “Let’s Start with Me”  Kandy District Youth Conference held at the President’s House, Kandy on Sunday (07) stated that the legislation pertaining to the establishment of the new economy will be presented to Parliament in May and approved by June

The assistance of the Asian Development Bank (ADB) to help Sri Lanka recover from the crisis will be aligned with the strategic objectives of the Bank’s country partnership strategy (CPS) 2024–2028, Takafumi Kadono, Country Director, Sri Lanka Resident Mission, ADB said. Mr. Kadono made this comment at the ‘Serendipity Knowledge Programme’ (SKOP) held on April […]

LOLC Finance PLC, Sri Lanka’s premier Non-Banking Financial Institution (NBFI), has once again set a remarkable milestone in the digital finance landscape by clinching an outstanding five gold awards at the prestigious Lankapay Technnovation Awards 2024. This exceptional achievement fortifies LOLC Finance’s utmost expertise and innovation in the realm of digital financing, further emphasizing its ...

NPP/JVP pushes for one-to-one, SJB prefers team debate President Ranil Wickremesinghe has directed his Chief of Staff and National Security Advisor, Sagala Ratnayake, to ensure that ITN would live telecast the Sajith Premadasa – Anura Kumara Dissanayake debate on the economic policies of their parties. Political sources said that while the SJB had preferred a […]

Sri Lanka anticipates the third tranche of the International Monetary Fund (IMF) extended fund facility by June, according to State Minister of Finance Shehan Semasinghe. However, the country must first obtain consensus from the country’s creditors on restructuring its debt. “We anticipate the third tranche by June. That’s the standard procedure. After a review, there’s […]

By Rathindra Kuruwita The GL Peiris-led splinter group of the SLPP, the Nidahasa Janatha Sabawa (NJS), has signed an MOU with the Samagi Jana Balawegaya (SJB) to form an alliance in view of upcoming elections on Friday (05). Six NJS MPs, namely, Professor Peiris, Dilan Perera, K.P. Kumarasiri, Upali Galappatty, Wasantha Yapa Bandara and  Nalaka […]

Sunrisers Hyderabad legspinner Wanidu Hasaranga has been ruled out of IPL 2024 because of chronic heel pain in his left foot. Hasaranga had not yet joined the Sunrisers squad and ESPNcricinfo has learned that Sri Lanka Cricket (SLC) informed BCCI of his unavailability for the season. There’s been no confirmation on a replacement for Hasaranga […]