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The proposal to Parliament that all courses and exams conducted at the Sri Lanka Law College should be held in English has been defeated. MORE..

21 Mar 2023 (1:07 PM)

Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout. MORE..

20 Mar 2023 (10:51 PM)

Efforts to increase tax revenues should be pursued in a growth-friendly manner while protecting the poor and vulnerable people, says Peter Breuer, the IMF Asia Pacific Department s Senior Mission Chief for Sri Lanka. MORE..

21 Mar 2023 (11:19 AM)

The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board. MORE..

20 Mar 2023 (11:41 PM)

IMF s Asia Pacific Department s Senior Mission Chief for Sri Lanka, Peter Breuer and Mission Chief for Sri Lanka, Masahiro Nozaki are currently holding a virtual press briefing on the approved Extended Fund Facility (EFF) for the island nation. MORE..

21 Mar 2023 (10:05 AM)

The Secretary to the Treasury has informed the Board of Directors of Sri Lanka Telecom PLC (SLT) and Lanka Hospitals PLC that the Cabinet of Ministers has granted approval in principle for the divestment of the stakes held by the Treasury Secretary in the two companies. MORE..

20 Mar 2023 (8:50 PM)