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Tripartite debt restructure initiative gets underway amid ISB debt issue pending

India, Japan, and France on Thursday will announce the launch of the debt restructuring negotiations process on Sri Lanka while the creditor countries have been closely working toward a coordinated debt rearrangement process.

Sri Lanka denies obligation on Hamilton Reserve Bank claim on debt default

Sri Lanka Finance Ministry has swiftly moved in to submit the country’s legal submissions on April 7 in defence following a United States District Court’s denial Sri Lanka Government's motion to dismiss the case filed by Hamilton Reserve Bank on behalf of certain holders of International Sovereign Bonds (ISBs).

Tourist arrivals top 26000 in first week of April

Sri Lanka’s tourism is raganing its momentum under present tourism administration headed by Minister Harin Fernando under recovery measures with the untiring efforts of Tourism Development Authority led by experienced and qualified tourism administrator Priyantha Fernando along with private stakeholders, several travel trade analysts said.

FAO delivers 3,820 tonnes of urea fertilizer to tackle SL agriculture crisis

The European Union (EU) has allocated 4 million Euro (approximately 1,5 billion rupees) in grants for fertilizers, seeds, and training to the most vulnerable farmers, as a response to the agriculture and food security crisis in Sri Lanka.

EX CB chief underscores CB’s guess on debt restructure timing

Underscoring what the Central Bank Governor Dr. Nandalal Weerasinghe said on an early finish to the debt restructuring

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Sri Lankan Filmmakers Target Hollywood, Opening New Global Opportunities

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Sri Lanka’s desperate search for overseas employment and better...

HSBC’s Dual Exit Exposes Sri Lanka’s Investor Confidence Crisis

Sri Lanka’s economic recovery faces a fresh test as...

President Orders Faster Development of Katunayake Airport and Domestic Airports

President Anura Kumara Dissanayake has directed officials to accelerate ongoing projects to increase passenger-handling capacity and improve facilities at Katunayake International Airport, while also advancing the development of domestic airports across the country to meet future aviation demands. The directive was issued during a discussion on the 2027 Budget proposals for the Ministry of Ports and Civil Aviation held at the Presidential Secretariat. During the meeting, the President reviewed the progress of development projects at Katunayake Airport and stressed the importance of completing them without delay. He also highlighted the need to expand supporting infrastructure, including road networks surrounding the airport, to improve accessibility and accommodate growing passenger traffic. Improving convenience and facilities for air travellers at both Katunayake International Airport and regional airports was another key focus of the discussion. The meeting was attended by Minister of Ports and Civil Aviation and Minister of Energy Anura Karunathilaka, Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, and Deputy Minister of Ports and Civil Aviation Janith Ruwan Kodituwakku. Other participants included Chief of Staff to the President Prabath Chandrakeerthi, Senior Additional Secretary to the President and Secretary to the Ministry of Energy Russell Aponso, Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma, and Secretary to the Ministry of Ports and Civil Aviation W. W. S. Mangala. Deputy Secretary to the Treasury A. K. Seneviratne, Director General of the Department of National Budget Jude Nilukshan, and other officials from the relevant institutions and the Ministry of Finance also attended the discussion.
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