Sri Lanka to revive scrapped Japan-funded LRT project.

The Sri Lankan government has decided to initiate diplomatic discussions with Japan on the revival of the Japan-funded Light Rail Transit (LRT) project. The Cabinet of Ministers on Tuesday (July 04) approved a proposal made by President Ranil Wickremesinghe on the matter. Acc…

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US court orders $146m penalty over 500,000 missing silver coins.

A US court has ordered two precious metals companies to pay almost $146m (£115m) after more than 500,000 American Silver Eagle coins went missing. The firms and their owner Robert Higgins have been accused of running a "fraudulent and deceptive scheme". They had all…

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CSE’s ASPI crosses 10,000-point mark after significant gains.

Colombo Stock Market’s All-Share Price Index (ASPI) has crossed 10,000 points after gaining over 560 points shortly after 12 p.m. on Tuesday (July 04). Accordingly, the ASPI climbed by 562.12 points (5.95%) to end up at 10,005.07 during mid-day trading. Meanwhile, the S&P…

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Chamari Athapaththu becomes first Sri Lankan to top women's ODI rankings

Sri Lanka captain Chamari Athapaththu has been rewarded for her superb recent form by becoming the new No.1 ranked batter on the latest MRF Tyres ICC Women's ODI Batting Rankings. Athapaththu claims top billing from Australia opener Beth Mooney on the back of her excelle…

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Sri Lanka launch program to gauge resistance of buildings against earth tremors.

A program to gauge the resistance of buildings and new constructions against earth tremors is being conducted across Sri Lanka, the country’s Geological Survey and Mines Bureau (GSMB) said on Monday. Several small tremors have been felt in the country in the past year, said …

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UN rights chief urges Sri Lanka to implement recommendations.

The U.N. human rights chief called on Sri Lanka to implement the recommendations of the mandate-holders of the UN Human Rights Council, which include special rapporteurs, independent experts and working groups.  The 53rd session of the UN Human Rights Council convened on Mon…

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Sri Lankan Rupee significantly depreciates against USD.

The Sri Lankan Rupee continued its recent depreciating trend against the US Dollar today (14 June), with the buying rate reported at Rs. 303.19 and the selling rate at Rs. 318.99. Meanwhile, the USD/LKR Spot exchange rate was reported at Rs. 303.20, according to the Central …

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New online passport application system to be launched tomorrow.

Minister of Public Security Tiran Alles says that the new online passport application system will be launched tomorrow (June 15). Accordingly, the new system will be launched under the patronage of the President Ranil Wickremesinghe, with the participation of the Minister of…

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Turkish Airlines to launch direct flights to Colombo.

Turkish Airlines, the flag carrier of Turkey, has decided to launch direct flights between Istanbul and Colombo starting from October 2023. That being so, the airline will cease operating flights between Turkey and Sri Lanka via Malé, the Maldivian capital, as it has been do…

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Sri Lankan President invited to address high-level panel discussion in Paris.

French President, Emmanuel Macron has extended an invitation to his Sri Lanka counterpart Ranil Wickremesinghe to address a high-level panel discussion in Paris at the Global Leaders’ Summit for a New Global Financial Pact. The event is scheduled to take place in Paris on Ju…

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Sri Lanka Army doctors set Guinness World Record for largest kidney stone removal surgery.

The removal of the world’s largest and heaviest kidney stone (calculus) through a major surgery, performed on Thursday (June 01) by Sri Lanka Army doctors, has made its way to the Guinness World Records. Consultant Urologist, Lieutenant Colonel Dr. K. Sutharshan, Head of Gen…

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President Ranil to meet Paris Club creditors next week

President Ranil Wickremesinghe is scheduled to meet the Paris Club members next week, Cabinet Spokesman Bandula Gunawardena revealed. Speaking at this morning’s (13 June) cabinet briefing, Gunawardena stated that the Head of State is due to visit France and the United Kingdo…

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Navin Dissanayake appointed Governor of Sabaragamuwa Province

Navin Dissanayake has been appointed the new Governor of Sabaragamuwa Province, the President’s Media Division (PMD) announced. He was sworn in before President Ranil Wickremesinghe this morning (June 13). His appointment comes after Tikiri Kobbekaduwa, who served as the Saba…

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Govt to introduce new draft Bill on elections.

The government has decided to draft a new Bill, titled Elections (Special Provisions) Act, containing amendments made to several elections Acts and Ordinances. The proposal tabled by President Ranil Wickremesinghe in this regard was approved by the Cabinet of Ministers on Mo…

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Cabinet nod to revoke the Bread Ordinance.

Sri Lanka has decided to revoke the Bread Ordinance No. 13 of 1864, which regulates the sale of bread and prevents the adulteration of bread offered for sale. At its meeting convened on Monday (June 12), the Cabinet of Ministers approved a proposal tabled by Trade, Commerce …

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ADB provides Sri Lanka access to concessional financing.

The Asian Development Bank (ADB) on Wednesday said it has approved Sri Lanka’s eligibility to access concessional financing. The availability of concessional assistance, offered at low interest rates, broadens Sri Lanka’s options to bridge its urgent development financing ne…

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Sri Lanka elected Vice President of UN General Assembly.

Sri Lanka has unanimously been elected as a Vice President of the 78th session of the United Nations General Assembly (UNGA). Accordingly, Mohan Peiris, Permanent Representative of Sri Lanka to the United Nations, will assume the relevant position for the Asia Pacific region…

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Sri Lanka bags Silver and Bronze medals at Asian Junior Athletic Championships 2023.

Sri Lanka’s Tharushi Karunaratne and Jayeshi Uththara have won two medals at the Asian Junior Athletic Championships 2023 currently being held in South Korea.  Accordingly, Karunaratne bagged a Silver medal, while Uththara won the Bronze medal in the Women’s 400m competition…

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Southwest monsoon to gradually establish across Sri Lanka.

The Meteorology Department says the southwest monsoon is likely to gradually establish across the island over the next few days. Showers or thundershowers are expected at times in the Western, Sabaragamuwa, Central and Southern Provinces. Meanwhile, heavy rainfall of about 10…

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Central Bank relaxes its monetary policy stance.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively.  The Board arr…

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