Sri Lanka to continue IMF bailout despite prior opposition
Sri Lanka’s new leftist government has agreed to proceed with the IMF’s controversial bailout program. Despite prior criticism, President Anura Kumara Dissanayake backed the plan,...
Sri Lanka
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Ishara Nanayakkara: Know the net worth of the rising star of Sri Lanka’s business sector
Nanayakkara’s legacy will likely inspire the next generation of entrepreneurs in Sri Lanka and beyond.
Harry Jayawardena: The architect of Sri Lanka’s business landscape
Jayawardena’s legacy will inspire aspiring entrepreneurs in Sri Lanka and beyond. His story serves as a reminder of the power of vision, dedication, and a commitment to social responsibility in achieving lasting success.
Dhammika Perera: Know the net worth of a business tycoon transforming Sri Lanka’s economic landscape
Dhammika Perera's journey from a young entrepreneur to a billionaire business leader is a compelling story of ambition, resilience, and innovation. Perera’s legacy will likely inspire the next generation of entrepreneurs in Sri Lanka and beyond.
Sri Lanka secures $12.5 billion bond restructuring agreement before elections
The agreement, finalized just weeks before the elections, involves a comprehensive plan to rework Sri Lanka's international bonds, providing much-needed relief as the nation grapples with fiscal instability.
Rebel leaders from Rajapaksa-led SLPP to form new party in support of independent presidential candidate in Srilanka
Rebel leaders from the Rajapaksa-led SLPP are forming a new party to support independent candidate Ranil Wickremesinghe, defying the SLPP's official candidate, Namal Rajapaksa, in the upcoming presidential election.
Operation Pawan: Time for “The Last Full Measure”
The Indian Peace Keeping Force (IPKF) was deployed in Sri Lanka, comprising over 80,000 troops from various units. Operation Pawan was a pivotal military mission undertaken by the Indian Peace Keeping Force (IPKF).
Sri Lanka passes online safety act amidst opposition: critics allege threats to free speech
Legislator Tiran Alles, the minister of public security, said that the act is needed to combat crimes such as online fraud and remarks that endanger the stability of the country. He listed more than 8,000 cybercrime-related complaints that were made in the previous year.
Blaze engulfs Mawanella town, consuming approximately 30 shops
A fire has swept through Mawanella town, leaving destruction in its wake as approximately 30 shops succumbed to the flames. The incident has prompted urgent response efforts to assess the impact and support affected businesses.
Somali Navy Chief engages with EU Naval Forces amid regional developments
In a significant move, the Chief of the Somali Navy has initiated contact with the European Union Naval Forces, highlighting a proactive approach to maritime cooperation and regional developments.
Sri Lanka urgently calls on combined Maritime Forces to investigate hijacked vessel
Sri Lanka has urgently requested the intervention of the Combined Maritime Forces to investigate the hijacking of a vessel by Somali pirates, seeking swift action to address the maritime crisis.
Sri Lankan ship faces threat from Somali Pirates near Seychelles
In a concerning incident, Somali pirates have targeted a Sri Lankan vessel north of Seychelles, heightening maritime security concerns in the region.
Communication breakdown: Sri Lankan trawler hijacked by Somali pirates goes silent
Director General Susantha Kahawatta provided insights into the disquieting situation, revealing that the vessel, which initially departed from Dikovita port on January 12th, was forcefully hijacked in international waters north of Seychelles.
Revival of Sri Lanka-India ferry link: A maritime reconnection after 4 decades
After a hiatus of 40 years, the Sri Lanka-India ferry link is poised to set sail once again, heralding a renewed era of maritime connectivity and cultural exchange between the two nations. This revival marks a significant milestone in fostering regional ties and enhancing transportation links for both Sri Lanka and India.
Sri Lanka’s Online Safety Bill raises freedom of speech concerns ahead of elections
Under the provisions of the bill, content creators deemed to be sharing "illegal" material, as determined by a newly established five-member commission, could face jail sentences. Additionally, major tech companies such as Google, Facebook, and X are held accountable for the content posted on their platforms.
Sri Lanka Navy declares readiness for Red Sea deployment
Although a specific date is yet to be determined, Navy spokesperson Capt. Gayan Wickramasinghe assured that discussions at higher levels are ongoing and that the Navy is prepared to embark on this maritime mission once the green light is given.
Sri Lanka’s central bank holds interest rates steady amid inflation concerns and economic recovery
The decision was driven by the aim to keep inflation at the targeted level of 5% over the medium term while facilitating the economy to reach its potential, according to a CBSL statement.