Author: lbostgadmin
‘s Finance Ministry announces successful completion of OCC & IMF consultation process
Sri Lanka’s government announced that, following the Agreement in Principle reached with representatives of its international and local holders of International Sovereign Bonds, the Sri Lankan authorities have now completed their consultations with Sri Lanka’s Official Creditor Committee and the IMF regarding the compliance of the AIP terms with the Comparability of Treatment principle and […]
‘s commitment to assisting in tourism, energy services & dairy industry
Indian External Affairs Minister, Dr. S. Jaishankar, who arrived in Sri Lanka this morning (04) on a one-day official visit, met with President Anura Kumara Dissanayake at the Presidential Secretariat this afternoon. At the outset, the visiting External Affairs Minister congratulated President Dissanayake on his election and conveyed felicitations from Prime Minister Narendra Modi. The […]
End-of-Mission Statement: IMF Team to Continue Engagement with SL’s Economic Team for Third Review
An International Monetary Fund (IMF) team, led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo from October 2-4, 2024. During the visit, Mr. Srinivasan held discussions with key Sri Lankan officials, including President Dissanayake, Prime Minister Amarasuriya, Minister Herath, Governor Weerasinghe, and Secretary to the Treasury Siriwardena. In a statement issued […]
First Multistakeholder Initiative on Child Rights in Tourism Launched in Sri Lanka
On World Tourism Day, representatives from leading hotel businesses, tourism associations, NGOs, and government departments convened in Colombo to officially launch the Mother and Child-Friendly Seal for Responsible Business in Tourism. This pioneering initiative, the first of its kind in Sri Lanka, brings together key actors from the tourism supply chain to enhance the well-being […]
CMA CGM applies surcharges on cargo from India, Sri Lanka, Middle East Gulf
French ocean carrier CMA CGM has notified its customers of an Overweight Surcharge (OWS), effective from 1 October 2024 until further notice. The surcharge will apply to shipments originating from India, Sri Lanka, Middle East Gulf & Djibouti, destined for North Europe (incl. Scandinavia, Poland, Baltic), East & West Mediterranean, Adriatic, Black Sea & North […]
Government Plans Relief for High VAT & Income Taxes, President Tells IMF Delegation
President Anura Kumara Dissanayake engaged directly with an IMF delegation yesterday, including Director of the Asia Pacific Department Krishna Srinivasan and Senior Mission Chief Dr. Peter Breuer, to discuss the progress of Sri Lanka’s ongoing IMF programme. The President was accompanied by key Sri Lankan officials, including Central Bank Governor Dr. Nandalal Weerasinghe, Secretary to […]
IMF to Announce Dates for Third Review under EFF Program for Sri Lanka
The International Monetary Fund (IMF) will soon announce the dates for the third review under the Extended Fund Facility (EFF) program for Sri Lanka, according to Ms. Julie Kozack, Director of the Communications Department at the IMF. This announcement was made during a recent press briefing. Ms. Kozack highlighted the progress made since the IMF […]
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd), new Chairman of Sri Lanka Ports Authority
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd) aasumed duties today (10/03/2024) as the Chairman of Sri Lanka Ports Authority (SLPA). He was the Commander of the Navy from October 2017 to December 2018. Admiral Ranasinghe also served as the Secretary to Ministry of Ports and Shipping & Southern Development in 2019. He is an Anti-Submarine Warfare Specialist […]
Independent Consultant of Gates Foundation met with Secretary to President
Chanditha Samaranayake, Independent Consultant of the Gates Foundation met with the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat this morning (03) and engaged in a discussion. The discussion centered on the progress of the digital agricultural transformation program aimed at supporting smallholder farmers and the school meal program to address […]
VIDEO: War of Words at UNSC – Iran declares “Missile strike was necessary,” Israel counters strongly
Israel, backed by the United States, and Iran on Wednesday (October 2) threatened each other with retaliation if attacked as the United Nations Security Council met amid fears of a wider war in the Middle East. The council met after Israel killed the leader of Lebanon’s Hezbollah and began a ground assault against the Iran-backed […]
Central Bank of Sri Lanka Discontinues Pension Payments for Governors
The Central Bank of Sri Lanka (CBSL) has announced a significant change in its pension policy for former Governors, effective from September 11, 2024. Under the revised rules, any Governor appointed after January 1, 1998, will no longer be eligible for pension payments. This move comes as part of a broader reform under the CBSL […]
High-Level IMF Team Meets Sri Lankan Government to Discuss Economic Reforms
A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (02) to engage with the newly formed government led by President Anura Kumara Dissanayake. The primary objective of the visit was to initiate discussions on the progress of the IMF Program and necessary steps towards the release of the fourth tranche […]