Travel expenses in Colombo 75% higher than 2022.

A recent research conducted by ECA International has revealed that Sri Lanka , amongst a few other countries, saw the largest increase in expense for travellers. The research conducted by ECA International ranked countries based on costs for short trip expenses: four-star ho…

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Betting and Gaming Levy (Amendment) Bill approved.

The Cabinet of Ministers has approved the Betting and Gaming Levy (Amendment) Bill which was proposed by President Ranil Wickremesinghe in his capacity as the Minister of Finance, Economic Stabilization and National Policy. Accordingly, the Cabinet had approved the relevant …

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Sri Lanka’s NCPI-based inflation for February 2023 recorded at 53.6%

The National Consumer Price Index (NCPI) for the month of February 2023  was recorded at 53.6%, as measured by the Year-on-Year change, the Department of Census and Statistics (DCS) revealed in its latest report. This is a slight increase in comparison to the headline inflat…

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Sri Lanka hosts 3rd meeting of IORA Working Group on Maritime Safety and Security.

The Third Meeting of the Indian Ocean Rim Association’s (IORA) Working Group on Maritime Safety and Security (WGMSS) chaired by Sri Lanka was held in Colombo on Monday (March 20) with the participation of the 23 IORA member states. The Secretary General of IORA Secretariat S…

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FIFA upholds suspension of Sri Lanka Football Federation.

The International Football Federation (FIFA) has approved the suspension of the Football Federation of Sri Lanka (FFSL) from the organization and extended the suspension of the Zimbabwe Football Federation (ZIFA). The decision on the results of the vote was taken at the long…

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Two minor tremors felt in Sri Lanka.

Two minor tremors have been reported in eastern and southern parts of Sri Lanka since last evening, according to the Geological Survey & Mines Bureau (GSMB). The first minor tremor with a magnitude of 2.6 on the Richter scale was felt at around 6.46 p.m. last evening (Ma…

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Kane Williamson century leads hosts to final-ball win.

Kane Williamson hit a sublime unbeaten century to lead New Zealand to a thrilling two-wicket win over Sri Lanka off the final ball of the first Test. Williamson's 121 not out saw the Black Caps chase down 285 on a rain-shortened fifth day in Christchurch. The hosts needed…

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Inflation could come down faster than earlier forecast.

Central Bank Governor Dr. Nandalal Weerasinghe says inflation is likely to come down faster than earlier forecast, even by the Central Bank, and Sri Lanka could achieve the 4-6 percent preferred inflation band by early part of the fourth quarter of this year. It became evide…

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Grand Nuwara Eliya first hotel in Sri Lanka to receive "Heritage Grand" classification.

The legendary Tudor styled Grand Hotel Nuwara Eliya received a well-deserved fitting crown when it was awarded the ‘Heritage Grand’ classification from the Sri Lanka Tourism Development Authority (SLTDA) becoming the first hotel in Sri Lanka to receive this accolade which m…

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Sri Lanka to announce debt restructuring strategy in April.

Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the country’s central bank governor told Reuters on Thursday. The crisis-hit islan…

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Sandani Peiris returns with 2nd runner-up crown in ‘Top Model of the World 2023’ pageant.

Sri Lankan model Sandani Peiris, who was crowned the 2nd runner-up at the 29th “Top Model of the World 2023”, the glittering pageant held on March 03 at Sharm El Sheikh in Egypt, has returned to Sri Lanka this morning (March 07). The pageant, which is organized by the World …

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CSE opens newest branch in Panadura.

The Panadura branch of the Colombo Stock Exchange (CSE) was officially opened to the public by CSE Chairman Dilshan Wirasekera yesterday with the participation of a few stockbroker firms, Sinhala Business Association President Gihan Kuruppu, CSE CEO Rajeeva Bandaranaike, se…

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The Central Bank of Sri Lanka raises the Policy Interest Rates.

The Monetary Board of the Central Bank of Sri Lanka (CBSL), at its meeting held on 03 March 2023, decided to raise the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points to 15.50 per cent and 16.50 per…

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Sri Lankan Peacekeepers leave for Lebanon.

The 14th contingent of the Sri Lanka Force Protection Company (SLFPC) in the United Nations Interim Force in Lebanon (UNIFIL) left for Lebanon early this morning (02 March). The 14th SLFPC contingent, commanded by Lieutenant Colonel D.P.I.T Kaluaggala and 2nd in Command, Maj…

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Sri Lanka attends Int’l Mother Language Day celebrations 2023 at UNESCO.

The Permanent Delegation of Sri Lanka to UNESCO participated in the UNESCO International Mother Languages Day 2023 celebration organized by the Permanent Delegation of Bangladesh in line with UNESCO’s theme “Safeguarding Indigenous Languages for Promoting Multilingualism th…

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SCAT Airlines to commence flights to Mattala Airport in March.

SCAT Airlines, one of Kazakhstan’s largest carriers, is due to commence operations to Sri Lanka in March 2023.  Accordingly, the Civil Aviation Authority of Sri Lanka (CAASL) stated that the airline will commence operations to the Mattala Rajapaksa International Airport (MRI…

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Sri Lanka signs Air Services Agreement with the Netherlands.

A bilateral Air Services Agreement has been signed between the Netherlands and Sri Lanka on Wednesday (Feb. 22) in the Hague, the Netherlands. The bilateral agreement will provide a stronger platform to further intensify connectivity both between the countries as well as the…

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BOI approval for two wind power plants by India’s Adani Group.

The Board of Investment of Sri Lanka (BOI) has issued a letter of approval to India’s Adani Green Energy Limited for the two wind power plants to be set up in Mannar and Pooneryn at a total investment of USD 442 million.  The project will add 350 MW of electricity to the nat…

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Sri Lanka reports highest rate of diabetes in Asia.

A national study conducted by local researchers has revealed that Sri Lanka has the highest rate of diabetes in Asia, with almost one in four adults having being diagnosed. The survey, done in 2019 by researchers from several local universities, the Medical Research Institut…

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Sri Lanka spin wizard Wanindu Hasaranga becomes world’s top-ranked T20I bowler.

Wanindu Hasaranga, Sri Lanka’s ace leg-spinner, managed to reclaim his reign at the top of ICC Men’s T20I Bowling Ranking. The 25-year-old once again rose to the No. 01 position in the ranking with a rating of 695 points, with Afghan spinner Rashid Khan behind him by only on…

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