China extends 300 Million Yuan to Sri Lanka to procure essentials.

The Chinese Government has decided to award a grant of 300 Million Yuan to Sri Lanka to procure medicine, food, fuel and other essential commodities. A statement from the Prime Minister’s Office said that the grant was a result of a conversation held between Sri Lankan Prime…

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Veteran actor Wilson Karunaratne passes away.

Veteran Sri Lankan actor Wilson Karunaratne has passed away at the age of 79, family sources told Ada Derana. Fondly known as ‘Wilson Karu’, Karunaratne was also a stunt director. He was considered one of the best villains in Sinhala cinema. making his movie debut through ‘Had…

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Sri Lanka to purchase LP gas from Thailand-based company.

The Cabinet of Ministers has given the approval to purchase liquefied petroleum (LP) gas from Thailand-based Siam Gas Company for a period of one year. In comparison to the current rates of the Omani supplier, the prices offered by Siam Gas Company are less than USD 09 per m…

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SLC announces 14 new coaching appointments.

Sri Lanka Cricket, as part of the restructuring program of the High-Performance Center made the 14 appointments to the Coaching Unit. The changes are aimed at further enhancing the focus on the National Team, ‘A,’ Emerging Team and as well as the Under 19 Team. The new coachi…

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Special cash allowance to low-income families hit by economic crisis.

The go-ahead of the Cabinet of Ministers has been given to provide a special cash allowance for a period of three months to identified low-income families affected by the ongoing economic crisis. Relevant proposal was tabled by the Minister of Finance and Minister of Samurdh…

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IMF forecasts 2.6% growth for Sri Lanka.

The International Monetary Fund (IMF) is forecasting Sri Lanka’s economy to grow by 2.6% this year down from 3.6% in 2021.  The projection for 2023 is a growth of 2.7% as per the IMF which this week released its forecasts for Asia and the Pacific countries.  IMF Asia and Paci…

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S&P cuts Sri Lanka to 'selective default' on missed payments.

S&P Global Ratings cut Sri Lanka's rating as an issuer of foreign currency debt to 'selective default' after the South Asian country missed sovereign bond interest payments, S&P said. The bonds which had missed payments, maturing in 2023 and 2028, were cu…

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Yupun Abeykoon sets new Asian record.

Sri Lanka’s Yupun Abeykoon has set a new Asian record in the 150 meters men’s event at an athletic meet held in Italy. The sprinter clocked a time of 15.16 seconds to finish first place in the race and in the process surpassed the existing Asian record in the event.  The prev…

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Sri Lanka Purchasing Managers’ Index - March 2022.

Purchasing Managers' Indices for both Manufacturing and Services activities expanded in March 2022. Following the seasonal pattern in manufacturing activities, the manufacturing PMI increased on a month-on-month basis to an index value of 57.8, yet at a slower rate than …

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Colombo Consumer Price Index (CCPI, 2013=100) based headline inflation continuously increased to 29.8% in April 2022.

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 29.8% in April 2022 from 18.7% in March 2022. This increase in Y-o-Y inflation was driven by the monthly increases of both Food and Non-Food …

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Israeli film crew in SL to shoot ‘Arugam Bay’.

Israeli film production house United Channel Movies (UCM) is currently in Sri Lanka to shoot its latest feature film ‘Arugam Bay’ in the eastern region of the island nation.   The filming will start on May 3 and is expected to wrap up by May 22, the Sri Lanka Tourism Promoti…

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Naveed Nawaz appointed Assistant Coach of National Team.

Sri Lanka Cricket (SLC) has announced the appointment of Naveed Nawaz, former Sri Lanka Test and ODI player, as the Assistant Coach of the National Team for a two-year term, effective from 1st April 2022. Nawaz, before taking over the new role, was functioning as the Head Co…

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Sri Lanka to temporarily suspend foreign debt payments.

Sri Lanka will temporarily suspend foreign debt payments to avoid a hard default, the central bank governor said, with its limited foreign reserves required for imports of essential items such as fuel. Sri Lanka is due to start talks with the International Monetary Fund (IMF…

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Sri Lanka’s Hiran Abeysekera wins best actor at Olivier Awards.

Sri Lankan actor Hiran Abeysekera has won the award for Best Actor at the Olivier Awards which was held at the Royal Albert Hall in London on Sunday. The Laurence Olivier Awards, or simply the Olivier Awards, are presented annually by the Society of London Theatre to recogni…

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Local rap star Shiraz Rudebwoy dies at protest site at the Galle Face.

Sri Lankan hip/hop rap artist Shiraz Rudebwoy had died during the protest at the Galle Face Green due to a sudden illiness. It was reported Rudebwoy was entertaining those at the protest site when he  collapsed, suspected to be of heart failure. Source: www.dailymirror.lk

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Chris Silverwood named Sri Lanka's new head coach.

Chris Silverwood, the former England fast bowler, has been signed by SLC on a two-year deal as head coach of the Sri Lanka men's national team. His first series in charge will be the team's upcoming two-Test tour of Bangladesh in May. Silverwood was until February th…

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South Korea doubles employment quota for Sri Lankan migrant workers.

Minister for Government Policy Coordination of the Republic of Korea, Koo Yun-Cheol, who is on an official visit to Sri Lanka, called on the Minister of Foreign Affairs, Prof. G.L. Peiris on Friday (April 01). The meeting was followed by a luncheon where the two sides discus…

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New Secretary to Finance Ministry assumes duties.

Newly-appointed Secretary to the Finance Minister K.M. Mahinda Siriwardana has assumed duties in his position. State Minister Shehan Semasinghe and several senior officials of the finance ministry were present at the occasion. Former CBSL Deputy Governor Siriwardena has more …

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Dr. P. Nandalal Weerasinghe assumes duties as the 17th Governor of the Central Bank of Sri Lanka (CBSL).

Dr. P. Nandalal Weerasinghe assumes duties as the 17th Governor of the Central Bank of Sri Lanka (CBSL). Dr. Weerasinghe is a career central banker, with extensive experience in Monetary and Exchange Rate Policy. Dr. Weerasinghe was promoted as Deputy Governor on 27 Septemb…

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Siddhalepa Group chairman Dr. Victor Hettigoda passes away.

Dr. Victor Hettigoda, the chairman of “Siddhalepa Group” has passed away at the age of 84. Dr. Hettigoda was also conferred “Deshabandu – Class I” in 1990 by then-President Ranasinghe Premadasa, in recognition of his contribution to Ayurveda and the industry. He has received …

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