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Secretary-General of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Tenzin Lekphell arrived in Sri Lanka this afternoon (March 26).
Accompanied by a delegation, Mr. Lekphell reached the island nation at around 2.00 p.m. today. They were accorded a warm welcome by the Additional Secretary to Sri Lanka’s F...
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Read more: BIMSTEC Secretary-General arrives in Sri Lanka
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The Central Bank (CBSL) has issued a statement clarifying its stance on the International Monetary Fund’s Article IV Staff Report on Sri Lanka.
“With the Government indicating that it is seeking a closer engagement with the IMF, the CBSL stands ready to cooperate in such an engagement,” the statement read.
It also noted that some of the...
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Read more: Ready for close engagement with IMF, CBSL says
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Energy Minister Gamini Lokuge says the Ceylon Petroleum Corporation (Ceypetco) does not intend to increase fuel prices at the moment.
His comments came after Lanka IOC, the IndianOil’s subsidiary in Sri Lanka, increased the prices of all types of petrol for the fourth time this year.
The rates went up by Rs. 49.00 with effect from midnight yesterday...
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Read more: Ceypetco fuel price revision expected after LIOC s move
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The International Monetary Fund (IMF) says Sri Lanka needs to implement a credible and coherent strategy covering both the near- and medium-term to restore macroeconomic stability and debt sustainability.
In its Staff Report for the 2021 Article IV Consultation with Sri Lanka, the IMF recommended a comprehensive set of policies with specific...
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Read more: IMF releases staff report on Sri Lanka; calls for strengthening VAT and income taxes
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Russia says it will focus its invasion of Ukraine on “liberating” the east, signalling a possible shift in its strategy.
The defence ministry said that the initial aims of the war were complete, and that Russia had reduced the combat capacity of Ukraine.
Russia’s invasion appeared aimed at swiftly capturing major cities and toppling the government.
Bu...
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Read more: Russia targets east Ukraine, says first phase over
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The External Affairs Minister of India, Dr. S. Jaishankar will be paying a two-day official visit to Sri Lanka next week, says the Indian High Commission in Colombo.
Thereby, Dr. Jaishankar is expected to be here from the 28th to 30th of March.
According to a statement issued by the Indian External Affairs Ministry, Dr. Jaishankar is visiting Sri...
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Read more: Indian External Affairs Minister to visit Sri Lanka next week
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