Ms. Shashi Kandambi, a leading professional in the banking sector, has assumed office as the 19th General Manager/CEO of National Savings Bank (NSB) on 10th January 2024. Ms. Kandambi was the Senior Deputy General Manager of International Banking at Sampath Bank, where she had a long-standing and successful career. Her banking experience spans over 35 […]

By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]

During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) on Thursday (11), the IMF congratulated the country on completing the first review under its program. The IMF highlighted the positive start of the program, recognizing the challenging reforms undertaken by Sri Lanka and their significant impact on the […]

By Rathindra Kuruwita The government will have to spend about USD 40 million to upgrade the offshore patrol vessel to be sent to the Red Sea to take part in operations against the Houthi rebels, Y.N. Jayarathna, retired Rear Admiral and hydrographer, said in a televised interview this week. The Sri Lanka Navy would be […]

By Rathindra Kuruwita Government hospitals were crippled yesterday due to a strike by health sector trade unions.In addition to the ten unions that commenced a strike on Wednesday, hospital administrators, management assistants and attendants too commenced a 24-hour strike from 6 am yesterday. They are also demanding the Disturbance, Availability, and Transport (DAT) allowance of […]

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Ahead of Sri Lanka s Presidential and parliamentary elections scheduled this year, Eastern Province Governor Senthil Thondaman affirmed support for sitting President Ranil Wickremesinghe and backed him to be re-elected, saying that he stabilised the country and lifted the economy from dire straits.

Announcement by UNP of Presidential, General and PC polls: By Shamindra Ferdinando Former Samagi Jana Balawegaya (SJB) parliamentarian Mujibur Rahuman yesterday (10) asked whether the Wickremesinghe-Rajapaksa government had decided to do away with Local Government (LG) polls. The SJB Mayoral candidate for the Colombo Municipal Council at the indefinitely postponed LG polls said that the […]

By Ifham Nizam Sri Lanka has made commendable strides towards fiscal discipline, particularly in the area of controlling government spending and managing inflation, Rockefeller International chairman and founder and CIO, Breakout Capital Ruchir Sharma said. Sharma was speaking at a special public lecture in Colombo recently, organized by the Central Bank of Sri Lanka. At […]

Opposition Leader Sajith Premadasa yesterday filed a Fundamental Rights petition before the Supreme Court requesting an order that the current power tariffs be reduced. A group, including the Public Utilities Commission of Sri Lanka (PUCSL), the Ceylon Electricity Board (CEB), the Minister of Power and Energy, the Secretary of the Ministry of Power and Energy […]

Economists expect Sri Lanka s central bank to pause now but resume its rate cut cycle in the second quarter of this year to bolster the island nation s recovery after an unprecedented crisis.

By Sanath Nanayakkare When a country is in an economic crisis, it creates an environment conducive to implementing economic reforms which would be difficult to do in good times, however, it still depends on how far the reformist leaders can shape the opinion of the people and the people’s

By DEVENDRA SAKSENA Currently, the words ‘debt trap’ have a distinctly Chinese connotation. According to the Western press, the Chinese, as part of their geostrategy, have inveigled poor nations into borrowing huge amounts from them for fanciful infrastructural projects; almost all borrower countries are in dire economic straits, because most such projects are lying incomplete, […]

by Neville Ladduwahetty What Sri Lanka has achieved since it declared itself insolvent is hailed by some with much optimism. The “relative stability” currently experienced is presented by the Governor of the Central Bank “as the outcome of a united effort from the outset” (The Island, December 26, 2023). The focus of that collaborative effort […]

by Dr Lahiru Kodituwakku MBBS, MSc (Community Medicine), MSc (Disaster Risk Reduction & Development), MBA, PgD in Health Sector Disaster Management Healthcare institutions are often considered to be sanctuaries amidst crises and wars. Not only do they provide lifesaving health services but also give refuge to the most vulnerable, when there is nowhere else to […]