Islamabad [Pakistan], February 6 (ANI): Former Pakistan Finance Minister Miftah Ismail has said that things on the economic front will “remain tight” as the economy faces a severe liquidity crunch, Geo News reported. Pakistan is seeking an installment of USD 1.1 billion from the International Monetary Fund to avoid default. In a tweet, Ismail stated, […]

Reforms to be introduced to end ‘media abuses’ President Ranil Wickremesinghe yesterday said that the government was not in a position to lower the taxes. Delivering his second government policy statement to inaugurate the Fourth session of the Ninth Parliament, the President said: “Some people say that the primary taxable income should be raised from […]

Thursday 9th February, 2023 President Ranil Wickremesinghe, who presented his government’s policy statement in Parliament, yesterday, sounded like a seasoned insurance sales agent with glib phrases rolling off his experienced tongue; he sought to scare the public and infuse them with hope, at the same time, to sell his policies. The knee-jerk reaction of the […]

Dr. Jaishankar is in Sri Lanka to help under the “neighborhood first” strategy of India By R. R. M Lilani  Dr. Jaishankar, India’s Foreign Minister, who is scheduled to arrive in Sri Lanka on January 19, 2023, has made another ‘neighbourhood first’ agreement with Sri Lanka by backing the country’s delayed debt restructuring programme with […]

The Chinese Embassy in Colombo has slammed US Ambassador here Julie Chung over her comments in an interview with the BBC. The Chinese Embassy has questioned the US policy vis-a-vis Sri Lanka struggling to overcome an unprecedented economic crisis. The following is the text of the Chinese Embassy

By Sanath Nanayakkare The Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Tuesday that Sri Lanka had been hiding its bankruptcy which had actually occurred months before it was officially announced. He said so during a multi-TV channel programme where several key political and public officials responsible for the country’s economy were quizzed […]

By Eng Parakrama Jayasinghe parajayasinghe@gmail.com Sri Lankans have not forgotten the advice given by one of our former Presidents: “Citizens should look after their own security.” It appears that the Electricity Consumers are now faced with this choice given the upheavals and shocks received in recent times, with the sword of Damocles of a further […]

Rex Clementine in Rajkot Often Virat Kohli’s on field antics doesn’t win him many friends outside India. As a result, Indian cricket is frowned upon by all and sundry. As a norm, most Sri Lankan fans, especially the young ones want India to lose wherever they play. There was this fan who came to RPS […]

The local media industry has been hit hard by the prevailing economic crisis as money spent on advertising decreased by around 70 percent while production costs were on an incessant rise, journalists and media organization representatives informed the National Council Sub Committee on Economic

The IMF could finalise Sri Lanka’s financing package within three weeks of the country’s main bilateral creditors formally informing the IMF that they would help Sri Lanka restructure its debt, Governor of the Central Bank, Dr. Nandalal Weerasinghe, said on Thursday appearing on a TV programme. Dr. Weerasinghe said that Sri Lanka had already provided […]

By Shamindra Ferdinando Narendra Fernando, Sergeant-at-Arms of the crisis-ridden Parliament, has declared that the largest number of students, in the post-independence era, visited the House on Thursday (Dec. 01). Director, Legislative Services, Janakantha Silva, who is also the Acting Director

“Templeton Freedom Award has been won by Advocata Institute Sri Lanka. The CEO is our Dhana. It is with great pride I send this message to you to celebrate our dear friend Dhananath’s leadership victory of Advocata. Horekale and St Sebastian’s College man has really shown class.” That was Elmo Jayawardena’s email to me since […]