State Minister of Finance Shehan Semasinghe expressed gratitude to the International Monetary Fund (IMF) Board Members, Management and Mission Team for the unwavering and dedicated support extended to Sri Lanka following the approval of the second review of the EFF programme.

SriLankan Airline CEO Richard Nuttall said that the government is on its way to privatise several state-owned enterprises as part of the International Monetary Fund (IMF) program and one of those is the flag carrier of the island nation.

The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]

Twenty newly recruited officers to the Sri Lanka Foreign Service were welcomed to the Ministry by Foreign Secretary Aruni Wijewardane on Tuesday (11). The Foreign Secretary highlighted the important role of the Sri Lanka Foreign Service (SLFS) and the special responsibilities of all officers as public servants. She referred to the skills required in the […]

Ambassador comments on 2024 prez poll Russian Ambassador Levan Dzhagaryan said that regardless of the outcome of the presidential election later this year in Sri Lanka, the Russian Federation expected the new government to continue with what he called independent neutral foreign policy and preserve the continuity in friendly relations with Russia. Declaring that Russia […]

The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million).

The Executive Board of the International Monetary Fund (IMF) has approved Sri Lanka s second review under the Extended Fund Facility (EFF) programme, paving the way for the country to receive the third tranche of around USD 330 million, Sri Lanka s Foreign Minister Ali Sabry said.

The New York Times is writing articles about it. Drake has been making money off it. Baseball fans have been triggered by it. Look out, America, our beautiful game is starting to take you over. India themselves are somewhere near the front of this charm offensive, eager to tap into a market that may add […]

The Cabinet of Ministers approved the proposal made by the Minister of Public Security to publish the draft Bill of the new Immigration Act in the Government Gazette and present the same thereafter in Parliament for approval. The Immigration Act No. 20 of 1948 has been amended on several occasions. However, considering the rapid changes […]

The Central Bank of Sri Lanka (CBSL) has expressed confidence that the International Monetary Fund (IMF) will approve the release of the third tranche under the Extended Fund Facility (EFF) programme today (12).

An international tribunal of prominent judges from the region said it was Âhorrified by the stark realities of the lives of Sri Lanka s tea and rubber plantation workers, after hearing testimonies from workers and trade unions.

Sri Lanka s State Minister of Finance Shehan Semasinghe says today (June 12) marks a significant milestone for Sri Lanka s economy as the International Monetary Fund s executive board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation.

Nepal, which earlier hesitated to completely pivot towards China because of several economic and geopolitical factors, seems to have tilted heavily towards its big northern neighbor, giving it an opportunity to further increase its footprint in the Himalayan country’s political, economic, and social space. Yet what concerns Nepal watchers the most is the Himalayan nation’s […]

Director-General of the International Labour Organisation Gilbert F. Houngbo has lauded the Sri Lankan government’s recent move to grant a 70 percent salary increment to plantation sector workers. Houngbo commended the government for increasing the estate workers’ salaries when Labour and Foreign Employment Minister Manusha Nanayakkara met him on the sidelines of the Annual International Lab...

The World Economic Forum said in a report last week that Climate finance is pivotal to alleviating harm from South Asia’s extreme heat as weather phenomena casting a long shadow over the region’s future. It said: In the sweltering streets of South Asia, where temperatures soar to staggering heights, heat waves are not merely weather […]

The 48th Annual Convention of Y’s Men International Sri Lanka Region (YSMISL) is scheduled to be held on 15th June 2024 at the “Rainbow” Room of the Grand Oriental Hotel in Colombo Fort. A media release said that the President of the Asia Pacific Area, representing the100 year old organization’ Y’s Men International Geneva (YMI). […]

At least 49 people from the Horn of Africa have died after their boat capsized off the coast of Yemen, according to the UN’s International Organization for Migration (IOM). Among the dead were six children and 31 women. Survivors told rescuers that the vessel, carrying 260 migrants, sank on Monday in strong winds. The search […]

With over 16 years of proven experience in guiding students to their dreams of overseas education, i-Ed Australia a pioneering education consultant will hosted an Open Day for students looking to pursue their higher studies overseas. The Open Day was held on Saturday 11th May 2024 at the Galle Face Hotel, and featured representatives from […]

Recipients of scholarships under the  ‘Presidential Scholarship Program 2024/25 in the Colombo District, will be awarded their  scholarships  at a ceremony to be held at Temple Trees under the patronage of President Ranil Wickremesinghe, on 19th June. The ‘Presidential Scholarship Program 2024/25,’ was initiated to  ensure unhindered access to education to students who have excelled […]

The Chinese regime succeeded where the Soviet Union failed: it kept and revamped Communism, making the West pay the price It happened a few hours before dawn. It was June 4, 1989, 35 years ago, more than a generation ago. In the dark of night, peaceful demonstrators camped out since April 15 in Tiananmen Square, […]