The Central Bank expects the economy to grow by 3% this year as the benefits of the eased monetary policy stance and low inflation environment continue to be gradually channelled into the economy. The outlook comes on the back of the economy recording a positive performance in the second half of 2023 following six quarters…
Sri Lanka is experiencing a significant demographic shift as the annual number of births declines while deaths increase, reports from the Registrar General’s Department and the Central Bank of Sri Lanka (CBSL) have revealed. This imbalance is expected to impact the nation’s population structure and economic stability. According to the Registrar General’s Department, the annual…
Students sitting for the GCE Ordinary Level (O/L) Examination will start the GCE Advanced Level (A/L) classes immediately after their exams, Education Minister Susil Premajyantha said. While participating as the chief guest at the launch of the official internet radio channel of the National Institute of Education (NIE Visual Radio) at the Maharagama National Institute…
Finance State Minister Dr. Ranjith Siyambalapitiya yesterday said that the government has taken action to increase the interest of the Employees’ Provident Fund from 9% to 13% in order to benefit 2.7 million employees. Siyambalapitiya said the decision to increase the interest rate to 13 percent is unique as it was approved in Parliament to…
The newly drafted Proceeds of Crime Act (POCA), approved by the Cabinet, will enable judicial custody and the confiscation of crime proceeds, and it will establish an authority to manage such seized assets. It is reported that the government plans to present this new law to Parliament next month and aims for its passage. The…
In an internationally widely observed and landmark visit to Sri Lanka, the Iranian President Dr. Ibrahim Raisi yesterday renewed his country’s further support to the progress of the Indian ocean nation. In a whistle stop but highly secure tour to Sri Lanka, President Raisi inaugurated the $ 514 million worth ‘Uma Diya Janani’ multi-purpose development…
President Ranil Wickremesinghe and Iranian President Dr. Ebrahim Raisi are scheduled to jointly declare open the Uma Oya Multipurpose Development Project funded by Sri Lanka and Iran today (24). A special discussion regarding the organisation of the opening ceremony of the Uma Oya Multipurpose Development Project was held at the Uma Oya Power Plant premises(22)….
On April 21, the country passed the fifth year anniversary of the Easter Sunday bombing that took the lives of about 300 persons and injured and maimed many more. The bombers targeted Catholic and Christian churches that were filled with devotees at the time of the attacks. The bombers had emerged out of the blue…
The weather forecast for today predicts showers or thundershowers in multiple provinces of Sri Lanka. According to the forecast, these conditions will occur in the Western, Sabaragamuwa, Central, and North-western provinces, as well as in Galle, Matara, and Anuradhapura districts after 2.00 p.m. Additionally, there may be showers or thundershowers in a few places in…
In a recent interview, Senior Journalist K. W. Janaranjana shed light on the long-standing issues surrounding the Prevention of Terrorism Act (PTA), initially enacted as a temporary measure in 1979 in Sri Lanka. Initially promised as a three-month ordinance, the PTA was made permanent in 1982 and has since been a subject of significant controversy….
