Sri Lanka consumer price inflation eases to 53.2% in January.

Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 53.2% in January, after a 59.2% rise in December, the statistics department said on Tuesday. Food prices were up 53.6% in January from a year ago, while non-food inflation was 52.9% higher, the Department…

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Faizal Salieh appointed as new SEC Chairman.

The Securities and Exchange Commission of Sri Lanka (SEC) announced that Faizal Salieh assumed duties as the Chairman of the SEC on February 20 2023. Salieh is currently the Chairman of the Sri Lanka Institute of Directors, which is committed to empowering Directors from bot…

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Adani invests $442 million in cash-strapped Sri Lanka.

In a boost to the embattled Adani Group, Sri Lanka's Board of Investment on Wednesday approved the commissioning of two wind power plants by Adani Green Energy Limited for a total of $442 million. This will be crisis-hit island nation's first major foreign investmen…

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Cabinet approval to develop Kandy into fully developed city.

President Ranil Wickremesinghe’s proposal to transform the historic city of Kandy into a well-planned, organized and developed city has received unanimous approval from the Cabinet of Ministers. To this end, the government intends to take measures to accelerate the Central …

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ASPI records massive gain in Colombo Stock Exchange (CSE).

The All Share Price Index (ASPI) of the Colombo Stock Exchange has recorded a massive gain of 233.97 points to close at 9,082.33 points at the end of trading today (Feb. 20). This is an increase of 2.64 percent. According to reports, the massive gain was recorded as a result…

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Sri Lanka, India to sign power grid linking pact within two months.

Sri Lanka and India will sign a pact to link their power grids and start negotiations on an upgraded trade agreement within two months, a Sri Lankan diplomat said on Wednesday (15), as the island nation seeks a way out of its worst economic crisis in decades. India has provi…

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Sri Lanka to host French Adventure Race ‘Raid Amazones’.

Raid Amazones 2023, the only itinerant women’s adventure race in the world, is set to hit the streets of Sri Lanka’s hill capital, Kandy, in March this year. The island’s national carrier SriLankan Airlines has set the stage to usher the annual destination adventure for the …

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Treasury issues circular on paddy purchasing.

The Treasury has released a circular on the government’s program for purchasing and distribution of paddy, the President’s Media Division (PMD) says. The circular, signed by Treasury Secretary Mahinda Siriwardana, was issued on the directives of President Ranil Wickremesingh…

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Cabinet nod to draft new Excise bill.

The Cabinet of Ministers has granted approval to draft a new Excise bill, replacing the century-old legislation. Since the Excise Ordinance for the regulation of alcohol and tobacco usage and related businesses, issuance of relevant licenses and imposing taxes was implemente…

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SLC raises match fees of National Women’s Players.

The Executive Committee of Sri Lanka Cricket (SLC) has decided to raise the match fees of the National Women’s Players for the year 2023. Accordingly, the match fees for both formats of white-ball cricket have increased from US$ 250 to US$ 750 per match, per player. Furthermo…

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Minor tremor felt in Monaragala district in Sri Lanka.

Minor tremors with a magnitude of 3.0 were reported in several areas in the Moneragala district today. (10 Feb.). Accordingly, tremors were felt in the Buttala, Wellawaya and Handapanagala areas, the National Building Research Organisation (NBRO) reported. The NBRO assures, h…

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Grace period declared to hand over unlicensed firearms.

The Defence Ministry of Sri Lanka has declared a grace period from February 06 to March 15 to hand over unlicensed firearms to the government authorities. This was announced in a special gazette notification issued by President Ranil Wickremesinghe, in his capacity as the De…

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Sri Lanka have named their squad for the forthcoming ICC Women's T20 World Cup in South Africa.

Sri Lanka have named their 15-member squad for the forthcoming ICC Women's T20 World Cup in South Africa. The squad will be led by their regular skipper and star batter Chamari Athapaththu. They will kickstart their campaign with the tournament opener against hosts South…

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Over 500 prisoners to be released for 75th Independence Anniversary.

Accordingly, a total of 588 prisoners will be released tomorrow, Prisons Commissioner and Spokesman Chandana Ekanayake stated. Those who were jailed for drug-related offences will be granted the said presidential pardon, while the release of 31 inmates who were deemed to hav…

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Susanthika appointed consultant to SL women’s cricket team.

Susanthika Jayasinghe, one of the most successful and decorated athletes produced by Sri Lanka, has been appointed the Consultant – Mentoring and Development of Women’s Cricket. The appointment of the Olympic silver medallist is effective from February 01, Sri Lanka Cricket …

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CBSL holds policy interest rates at current levels.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively. The decision was taken a…

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Wanindu and Inoka named in ICC’s T20 Teams of the Year

The International Cricket Council (ICC) on Monday (January 23) released the Men’s T20I Team of the Year 2022 and the Women’s T20I Team of the Year 2022, which both include one Sri Lankan player each. The ICC opened the 2022 awards announcement week by revealing the T20I Team…

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China's EXIM bank gives Sri Lanka debt extension.

The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF ea…

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FIFA suspends Football Federation of Sri Lanka.

The Football Federation of Sri Lanka (FFSL) has been suspended by FIFA with effect from 21st January 2023 until further notice. In a circular to member associations, FIFA Secretary General Fatma Samoura stated that as a result of the decision taken by the Bureau of the FIFA …

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SL President appoints three members for Constitutional Council.

President Ranil Wickremesinghe has appointed three representatives for the Constitutional Council for a period of three years, the President’s Media Division said. Accordingly, Dr. Prathap Ramanujam, Dr. (Mrs) Dilkushi Anula Wijesundere and Dr. (Mrs) Weligama Vidana Arachchi…

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