A press briefing on the economic stabilization process and the proposed relief packages for the public was held today (26) at the Presidential Media Center (PMC). Minister of Labor and Deputy Minister of Economic Development, Dr. Anil Jayantha Fernando, along with Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma, attended in the briefing. The media statement released during the …
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Total exports for November 2024, including both merchandise and services, were recorded at US$ 1,269.33 million, reflecting a marginal increase of 0.04% compared to the same period in 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in November 2024 amounted to US$ 943.1 million, reflecting a 5.6% decline compared to November 2023. …
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Dec 23 (Reuters) – Credit ratings agency Moody’s on Monday raised Sri Lanka’s long-term foreign currency issuer rating to ‘Caa1’ from ‘Ca’ with a stable outlook, after the country’s creditors approved a $12.55 billion debt overhaul last week. Sri Lanka’s credit profile reflects the reduction in external vulnerability and government liquidity risk, and prospects for fiscal and debt sustainability, Moody’s …
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A high-level discussion on the critical preparations for Sri Lanka’s upcoming Mutual Evaluation (ME) by the Asia/Pacific Group on Money Laundering (APG) was held today (23) at the Presidential Secretariat under the patronage of President Anura Kumara Disanayake. The meeting focused on preventing money laundering and countering terrorism financing (AML/CFT) and included participation from cabinet ministers, ministry secretaries, officials from …
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President Anura Kumara Dissanayake President Anura Kumara Dissanayake highlighted the critical challenge of transforming Sri Lanka’s public service into an efficient state mechanism. He pointed out that the newly appointed committee tasked with reviewing state institutions would make decisions without being influenced by political pressures. The President shared these views while addressing the District Secretaries and Divisional Secretaries conference today …
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The deadly disease, cancer is almost incurable to date and people are terrified of it. But will Russia’s grand claim put an end to cancer? Russia has claimed that it has invented a cancer vaccine that will prevent all types of cancer tumours. According to Russia’s announcement, it has been proved in pre-clinical trials that this vaccine is successful in suppressing …
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President Anura Kumara Dissanayake expressed his gratitude to the Chinese government for its support during debt restructuring as well as in the face of the economic crisis. He stated that his appreciation extends to China’s assistance in the debt restructuring program and its provision of loans to Sri Lanka during the economic challenges. President Dissanayake made these remarks during a …
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President says addressing Parliament “Yesterday, we engaged in a robust three-hour debate on debt restructuring. That discussion provided an opportunity to outline the roadmap that has led us to the current stage and to highlight the achievements we have made thus far. I will not delve into lengthy explanations, but I must address a narrative being propagated, a narrative that …
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The Canadian Government has expressed its strong commitment to supporting Sri Lanka’s initiatives to combat corruption and fraud. This assurance was conveyed by H.E. Eric Walsh, the High Commissioner of Canada to Sri Lanka and the Maldives, during a meeting with the Secretary to the President, Dr. Nandika Sanath Kumanayake, at the Presidential Secretariat today (12). High Commissioner Walsh emphasized …
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President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission. The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today (13). Accordingly Harsha Amarasekera, President’s Counsel, has been appointed as the Chairman of the Port City Economic Commission. The other …
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