The U.S. Embassy in Colombo celebrated the 248th anniversary of the independence of the United States of America with a festive event hosted by U.S. Ambassador Julie Chung at the Galle Face Hotel on June 27. The Ambassador welcomed Chief…
ECONOMYNEXT — Both opposition leader Sajith Premadasa and leftist National People’s Power (NPP) leader Anura Kumara Dissanayake have downplayed the significance of Sri Lanka’s debt deferment agreement with bilateral creditors, pointing instead to negotiations still ongoing with commercial creditors. Premadasa…
ECONOMYNEXT – Sri Lanka President Ranil Wickremesinghe made a television address to the nation on June 26 after signing bilateral debt restructuring agreements with the Paris Club, India and China. The full text of his speech is reproduced below: Today…
ECONOMYNEXT — The United States welcomes the news of a final agreement on debt restructuring between Sri Lanka and creditor nations reached on Wednesday June 26, US Ambassador to Sri Lanka Julie Chung said. The diplomat tweeted Wednesday afternoon that…
ECONOMYNEXT – Sri Lanka’s former Finance Minister N M Perera, who was a member of a Trotskyist party, has beaten the International Monetary Fund to impose property taxes on citizens decades ago, State Minister for Finance Ranjith Siyambalapitiya has explained.…
ECONOMYNEXT – Sri Lanka’s political parties are now trying to cobble together alliances from a fragmented political landscape in the hope getting in to stronger positions ahead of presidential polls expected between September 17 and October 16. The composition of…
ECONOMYNEXT – Sri Lanka’s attempt to woo tourists from 67 countries with free visas is likely to face a 10 dollar charge from VFS Global, an outsourcing provider and also the website, Tourism Minister Harin Fernando said. “There is a…
ECONOMYNEXT – An international university to be established in Sri Lanka’s Port City, a multi-services special economic zone, will offer undergraduate and postgraduate degree programmes including in medicine and IT. The university is estimated to accommodate 3,000 to 4,000 students,…
ECONOMYNEXT — Days after extending an apology to Sri Lanka’s Muslim community on behalf of the government, President Ranil Wickremesinghe has said the government has decided to introduce new legislation allowing people to choose between burial and cremation. “The issue…
ECONOMYNEXT — Sri Lanka continues to support the establishment of a Palestinian state within five years, President Ranil Wickremesinghe said. Speaking at a religious service held on Sunday June 23 at the New Kathankudy Grand Jummah Mosque for the people…
