News Room : No new date yet for AL exam, postponement to have knock on effect – The Island
By Sanath Nanayakkare The Global CEO Forum Sri Lanka held at the Galadari Hotel on Thursday showed a clear shift of discussion topics by Sri Lankan business leaders compared to what they were talking about just a year ago. Completely deviating from airing worries about how to run their businesses amid economic turmoil, business leaders including Unilever Chairperson Hajar Alafifi, Managing...
News Room : INS ‘Nireekshak’ departs
The Indian Naval Ship (INS) Nireekshak which arrived in Trincomalee on 14th September 2023 on a formal visit, departed the island on 21st September. The Sri Lanka Navy bade customary farewell to the departing ship in accordance with naval tradition at the port of Trincomalee. The Diving Support Vessel, INS Nireekshak, engaged in various diving training activities with the Sri...
News Room : President invites Iranian President to ceremonially open Uma Oya Hydropower Station
President Ranil Wickremesinghe invited President Ebrahim Raisi of the Islamic Republic of Iran to visit Sri Lanka and ceremonially open the Uma Oya Hydropower Station when they met on the sidelines of the UNGA in New York on Wednesday (20). President Raisi accepted the invitation and also extended an invitation to President Wickremesinghe to visit Iran. Both leaders agreed that...
News Room : President highlights the need for a comprehensive plan to address financial difficulties faced by middle-income countries – The Island
President Ranil Wickremesinghe, speaking at the Climate Ambition Summit on the sidelines of the UN General Assembly on Wednesday (20), affirmed Sri Lanka’s commitment to the Secretary General’s accelerated climate agenda. He highlighted the importance of tangible climate actions and commended the delegates for their valuable suggestions. President Wickremesinghe drew attention to the significant economic consequences of climate-related issues, with...
News Room : Sri Lanka and World Bank discuss Economic Reforms and collaborations – The Island
The United States and Sri Lanka marked the fourteenth Trade and Investment Framework Agreement (TIFA) Council Meeting in Colombo today (18), solidifying their commitment to enhancing trade and investment relations. The technical level meeting, co-chaired by K.J. Weerasinghe of the Government of Sri Lanka and Brendan Lynch, Acting Assistant United States Trade Representative for South and Central Asia, witnessed...
News Room : Showers above 50mm are likely at some places in Western, Sabaragamuwa and Northern provinces and in Galle, Matara and Puttalam districts – The Island
Weather forecast issued at 05.30 a.m. on 16 September 2023 by the Department of Meteorology Several spells of showers will occur in Western, Sabaragamuwa and Southern provinces and in Puttalam, Kandy and Nuwara-Eliya districts. Showers or thundershowers may occur at a few places in Eastern and Uva provinces, and in Mullaitivu district during the evening or night. Winds will be south-westerly...
News Room : Economy shows signs of recovery; CBSL optimistic
The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked an improvement from the alarming 11.5% contraction experienced in the...
News Room : Girl, 5, killed after Italian military jet crash in Turin
An Italian military jet has crashed while taking part in an acrobatic exercise in Turin killing a five-year-old girl in a car on the ground. Video shows the pilot, who survived, ejecting moments before impact followed by a huge fireball near Turin Airport. The girl’s nine-year-old brother was seriously hurt, while their parents suffered burns. Deputy Prime Minister Matteo Salvini said...
News Room : Antarctic sea-ice at ‘mind-blowing’ low alarms experts – The Island
By Shihar Aneez ECONOMYNEXT –The Central Bank of Sri Lanka (CBSL) informed the members of the EPF, the country’s largest pension scheme, that it has opted for the government’s domestic debt optimization (DDO) option with a long-term view in the best interest of the members. It said the two options given to the EPF under the parliament approved DDO were exchange...
News Room : Poland: Government under pressure over escalating cash for visas scandal
The speaker of Poland’s upper house of parliament has called on the government to reveal what it knew about an escalating cash for visas scandal. Tomasz Grodzki said the issue was ruining the country’s international reputation as a responsible democracy. The government has released few details but media reports say migrants paid up to $5,000 (£4,000) each to speed up their...