A grace period until 2028 for principal loan repayment. Substantial reduction in interest rates. Extension of the loan repayment period by 8 years. Substantial fiscal capacity includes efforts to restore the economy, bolster reserves, establish fiscal buffers, and enhance debt...

President Ranil Wickremesinghe emphasized that the late leader of the Tamil National Alliance (TNA), MP R. Sampanthan, consistently advocated for Sri Lanka’s territorial integrity and held his distinct perspective on power-sharing. President Wickremesinghe noted that as show of appreciation for...

The Supreme Court has determined that some clauses of the Public Financial Management Bill are inconsistent with the Constitution and can be passed only by a special majority and through a referendum, Speaker Mahinda Yapa Abeywardena announced today.

While delivering a speech in Parliament today, President Ranil Wickremesinghe announced that an agreement was reached on June 26 with Sri Lanka's official creditors about debt repayment, the President's Media Division (PMD) said. They said the authorised Cabinet officials have...

The Sri Lanka Branch of the Nautical Institute honoured the academic excellence of Sri Lanka Navy officers and officers from merchant marine field in a ceremony held at Wave n’ Lake Navy Hall, Welisara on 29th June. The certificate and...

Issued at 05.30 a.m. on 02 July 2024 Several spells of showers will occur in Western, Sabaragamuwa and North-western provinces and in Kandy, Nuwara-Eliya, Galle and Matara districts. Showers or thundershowers may occur at several places in Uva province and...