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Over 717,000 Active Government Pensioners by September 2024
As of September 2024, the total number of active government pensioners in Sri Lanka stands at 717,347, according to the Department of Pensions. These pensioners include 392,966 civil service pensioners, 187,913 widows and orphans fund pensioners, and 136,468 retired military personnel. Over the first nine months of the year, the total expenditure for pensions amounted…
Sri Lanka’s President Wickremesinghe Urges for Climate Action at COP28
In a powerful address at COP28, Sri Lanka’s President Ranil Wickremesinghe urged world leaders to take immediate and decisive action to address the escalating climate crisis. He highlighted the disproportionate impact of climate change on developing countries like Sri Lanka, emphasizing the need for global solidarity and climate justice. President Wickremesinghe called for the establishment…
Two brothers who died 2 days apart buried
Two brothers who died in mysterious circumstances two days apart were laid to rest on Saturday at a village in Mwingi West, Kitui County. The sudden death of Dr Solomon Michael Sambu, a medical doctor, and his brother John Kyalo Sambu, a businessman in Nairobi, left the family and residents of Kithayoni village in Nguutani…
Thai exports by 7.4% and Sri Lankan exports by 43% risen before FTA
Prime Minister Srettha Thavisin, during the recent Sri Lanka – Thailand Business Networking event, highlighted the thriving economic relationship between the two sides, pointing out the Thailand-Sri Lanka Free Trade Agreement (FTA) as a milestone showcasing mutual confidence in the economic prospects of both nations. The trade between Thailand and Sri Lanka has witnessed a…
Free School Meals for All Primary Students Begin in Sri Lanka: Over 1.6 Million Children Benefited
Sri Lanka has launched a nationwide program to provide free meals to all students from grades 1-5. Education Minister Dr. Susil Premajayantha said the initiative aims to benefit over 1.6 million children across 9,134 government schools and smaller institutions with less than 100 students. The program will run from 7:30 am to 8:00 am daily,…
Sri Lanka Central Bank Cuts Interest Rates to Spur Economic Growth Amid Recovery Efforts
In a move aimed at bolstering economic growth, the Central Bank of Sri Lanka (CBSL) has cut interest rates by 25 basis points. This decision, announced on July 24, reduces the Standing Deposit Facility Rate to 8.25% and the Standing Lending Facility Rate to 9.25%. The central bank’s move is intended to sustain the revival…