Author: Ashanthi Ratnasingham
Nine cabinet ministers sworn in before President
Nine new Cabinet Ministers of the All-Party Government were sworn in before President Gotabaya Rajapaksa at the President’s House in Colombo this morning (20).They are;01. Nimal Siripala de Silva – Minister of Ports, Shipping and Aviation Services 02. Dr. Susil Premajayantha – Minister of Education 03. Dr. Keheliya Rambukwella – […]
Sri Lanka rejects motion on alleged genocide adopted in Canadian Parliament
Sri Lanka notes with regret the adoption of a motion in the Canadian Parliament on the alleged genocide of Tamils in Sri Lanka and recognizing May 18 as Tamil Genocide Remembrance Day, the islands’s Government said in a statement. “The Government categorically rejects the blatantly false allegation of genocide contained in the parliamentary motion […]
Sri Lanka CB maintains policy rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 May 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current levels of 13.50 per cent and 14.50 per cent, respectively. The Board is of […]
“I will resign if political stability is not achieved soon” CB Governor
Sri Lanka’s Central Bank Governor Nandalal Weerasinghe says without political stability in the island, the bank’s steps towards the revival of the nation’s economy would not be successful. Speaking to the media a short while ago in Colombo he said he would resign if political parties do not ensure stability in the next two weeks. […]
Secretaries appointed to Ministries of Defence, Public Security and Finance
Three Secretaries have been appointed to the Ministries of Defence, Public Security and Finance from yesterday (10) to ensure the normalcy of the livelihood of the people, in accordance with the powers vested in the President.Accordingly, the secretaries who served in these three Ministries;01. Ministry of Defence – Retired General Kamal Gunaratne 02. Ministry of […]
Protests at the Naval Base in Trinco
A protest erupted outside the Trincomalee Naval Base as reports have said that former prime minister Mahinda Rajapaksa and some of his family members have sought refuge in the base following anti-government clashes on Monday. The group is demanding the former prime minister and his family be held accountable for the crisis and be arrested. […]
IGP orders CID to probe attack on “Temple Trees and Galle Face Green”
The Inspector General Of Police has ordered the Criminal Investigations Department to immediately initiate investigations into the incident in which a group of supporters of former Prime Minister Mahinda Rajapaksa attacked protesters outside Temple Trees at “Mainagomama” and then at Galle Face Green’s “Gotagogama” on Monday. Police said a group of people who had come […]
Sri Lanka imposes curfew under Section 16 of Public Security Ordinance
Curfew has been imposed on the entire country from 7.00 pm Monday (09) to 7.00 am Tuesday (10) in accordance with the provisions of section 16 of the Public Security Ordinance.Issuing a statement the President’s office said “No person is allowed to be on any public road, railway, public park, public recreation ground or other […]
Sri Lanka PM steps down triggering cabinet resignations following month long protests
Cabinet Ministers have begun to resign following the resignation of the Prime Minister Mahinda Rajapaksa from his post. Channa Jayasumana and Widura Wickramanayake had already tendered their resignation to the President, sources confirmed. Meanwhile, President Gotabaya Rajapaksa has strongly condemned the violent acts taking place in parts of the country right now by those ‘inciting […]
How is an economic crisis affecting people?
People across Sri Lanka are struggling to get hold of daily essentials as the country faces its worst economic crisis in decades. Sri Lanka is mired in public debt after revenue from tourism evaporated in the wake of the coronavirus pandemic. With the country’s foreign currency reserves dwindling and foreign debt payments around the corner, […]
SriLankan Airlines suspends flights to Moscow
SriLankan Airlines announces the suspension of operations between Sri Lanka and Moscow, Russia with effect from today due to operational restrictions that are outside of the airline’s control. The restrictions are in the form of international financial and aircraft insurance limits which have been imposed on Russia due to the ongoing Russia-Ukraine war, and directly […]
LAN channels Rs.150Mn into tech startups: Currently evaluating 5-10 startups
Sri Lanka’s first Angel Fund has, to date, channelled investments up to Rs. 150 Million cumulatively into four home-grown startups – Niftron, Magicbit, Mintpay & Chakra Suthra – while also helping these companies scale and access new markets both at home and abroad. “Since August 2020, our team has evaluated over 400 startups from across […]