Sri Lanka’s successful restructuring of its foreign debt is a good news for all who care about the country

President Ranil Wickremesinghe emphasized that a final agreement was concluded with Sri Lanka’s main official bilateral creditors in Paris, this morning (26), marking the end of debt restructuring negotiations with the Official Creditors’ Committee (OCC). Simultaneously, a final agreement was also reached with China’s Exim Bank in Beijing, along with related formal procedures. President Wickremesinghe highlighted that these developments are …

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Teachers, principals sick leave campaign continues for the second day – Joseph Stalin

Against the use of tear gas and water cannons to disperse the protestors, the Ceylon Teachers’ Union has decided to continue their sick leave campaign for the second day tomorrow, CTU General Secretary Joseph Stalin said. Joseph Stalin told the Daily Mirror that today’s trade union action was a success, with a large number of teachers, principals, and teacher instructors …

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Sri Lanka Concludes Major Debt Restructuring Agreements, Clearing Path for Economic Recovery

In a significant milestone for Sri Lanka’s economic revitalization efforts, the nation has successfully finalized comprehensive debt restructuring agreements with key bilateral creditors. On June 26, 2024, Sri Lanka concluded negotiations with the Official Creditor Committee (OCC) and China Exim Bank, marking pivotal strides towards stabilizing its financial footing amid recent economic challenges. The agreements, valued at a combined USD …

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Development of Enterprises in Colombo Port City to Leverage Digital Technology for Local and Foreign Investors

President Ranil Wickremesinghe emphasized that the government is placing special focus on integrating economic and technical sectors through advancements in computer and information technology. The President highlighted the vision to transform Colombo Port City into a financial zone facilitating offshore activities and attracting investments in Sri Lanka, with a strong emphasis on the development of enterprises and the utilization of …

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President Proposes Islandwide Dialogue to Shape Youth-Driven Future Sri Lanka

President Ranil Wickremesinghe underscored the need to initiate a countrywide dialogue on shaping the future Sri Lanka envisioned by its youth. He emphasized the necessity of embarking on a new path towards fostering a robust economy, with the younger generation assuming pivotal roles. The President made these remarks yesterday (25) during a youth gathering organized by the National Youth Services …

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President Introduces Historic Women’s Empowerment Bill – Geetha

State Minister of Women and Children’s Affairs, Mrs. Geetha Kumarasinghe, stated that in Sri Lanka’s political history, no bill addressing women’s rights or equal status has ever been introduced. The State Minister also highlighted that the Women’s Empowerment Bill, introduced to Parliament as a concept by President Ranil Wickremesinghe, has now been passed. State Minister of Women and Children’s Affairs, …

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President Orders Swift Reporting on Disruptive Officials in Urumaya Program

President Ranil Wickremesinghe has revealed that while numerous government officials are diligently working on the “Urumaya” program to distribute freehold land deeds, a small faction is attempting to undermine these efforts. He has called on the public to report any obstructive officials to their local MPs, who will then pass this information on to him directly. Emphasizing that no one …

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Government Pledges Full Support for Bora Conference and Convention- Sagala

Senior Advisor to the President on National Security and Chief of Presidential Staff Sagala Ratnayaka, has instructed relevant officials to provide maximum support for the successful organization of the Bora community’s spiritual conference and annual convention in Sri Lanka. These instructions were given during a discussion held at the Presidential Secretariat yesterday afternoon (24) regarding the upcoming Bora Conference and …

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Another cabinet reshuffle? Patali, Rajitha, Fonseka to join hands with President

Patali, Rajitha, Fonseka to join hands with President -Aimed at strengthening ruling party’s administrative framework ahead of upcoming presidential polls -Reshuffle rumored to occur within the next two weeks Speculation is rife within the political circles of an imminent cabinet reshuffle in the coming weeks. Highly placed political sources said that discussions regarding this move have already begun under the …

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WEATHER FORECAST FOR 25 JUNE

Issued at 05.30 a.m. on 25 June 2024 Showers will occur at times in Western, Sabaragamuwa and North-western provinces and in Kandy, Nuwara Eliya, Galle and Matara districts. Heavy showers about 100mm are likely at some places in Western and Sabaragamuwa provincesand in Kandy and Nuwara Eliya districts. Several spells of showers may occur in Matale district. Strong winds of about (40-50) kmph can be expected …

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