Politics

AKD Blames Ranil for Sri Lanka’s Financial Crisis, Spares Gotabaya

Presidential candidate Anura Kumara Dissanayake has attributed Sri Lanka’s 2022 financial crisis to incumbent President Ranil Wickremesinghe, while largely absolving former President Gotabaya Rajapaksa. Speaking at an election rally, Dissanayake claimed that Wickremesinghe was the architect of the crisis, whereas Rajapaksa’s missteps stemmed from ignorance. “They ended essential supplies like oil, gas, and electricity. Ranil

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Politics

Sri Lanka’s Economy Will Not Collapse Under NPP, Assures Anura Kumara Dissanayake

Sri Lanka’s economy will remain stable under the National People’s Power (NPP) administration, according to party leader Anura Kumara Dissanayake. Addressing the business community, Dissanayake emphasized that while economic changes will be made, they will be carefully assessed to prevent any destabilization. Dissanayake assured that the NPP’s approach is not driven by populist politics, citing

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Politics

Sri Lanka President Launches Manifesto Pledging Economic Development, Job Creation, and Tax Cuts

Sri Lankan President Ranil Wickremesinghe has unveiled his 2024 election manifesto, focusing on economic development, reducing the cost of living, creating jobs, raising wages, and improving welfare measures. The manifesto was officially launched on August 29 at the Taj Samudra Hotel in Colombo, in front of politicians, celebrities, and other distinguished guests. The full manifesto,

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Politics

SL Ambassador Meets Zarqa Chamber of Commerce to Strengthen Trade and Economic Ties

Sri Lankan Ambassador to Jordan, J.A.D.S. Priyangika Wijegunasekara, visited the Zarqa Chamber of Commerce on 21 August, engaging in a productive dialogue aimed at enhancing trade and economic cooperation between Sri Lanka and Jordan. The discussions centered around strengthening trade, tourism, and investment ties between the two countries. Zarqa Chamber Chairman Hussein Shraim highlighted the

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Politics

United Petroleum Meets with Sri Lankan President to Discuss $100 Million Expansion Plan

United Petroleum, an Australian energy giant, has signaled its intent to expand its operations in Sri Lanka by meeting with President Ranil Wickremesinghe. The senior leadership team, including Co-Founder Avi Silver, Group CFO Nigel Simonsz, Group Procurement Head Brett Crawford, and United Petroleum Lanka Director/CEO Dr. Prabath Samarasinghe, discussed the company’s future plans in the

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Politics

Sri Lanka Achieves $8 Billion in Export Revenue and Secures $800 Million in Investments in First Half of 2024

Sri Lanka has made significant strides in its economic development, securing $8 billion in export revenue during the first half of 2024. In addition, investment agreements totaling $800 million were signed within the same period, according to Investment Promotion State Minister Dilum Amunugama. Speaking at a press briefing titled “Two Years of Progress and Advancements”

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Politics

Postal Department Estimates Rs. 1.4 Billion for Presidential Election

The Postal Department has submitted an estimate of Rs. 1.4 billion to the Election Commission (EC) to cover the expenses for the upcoming presidential election. Deputy Postmaster General Rajitha Ranasinghe disclosed the estimate on the 29th. The projected expenses encompass general postal charges, registered postal charges, costs for stationery, transportation expenses, and administrative charges. Ranasinghe

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Politics

Special Panel Formed in Sri Lanka to Allocate State Lands to Military Prior to Elections

Sri Lanka has formed a special committee, announced by State Defence Minister Premitha Bandara Tennakoon, tasked with allocating state-owned lands to the military. This move comes ahead of the upcoming Presidential polls, with the election date expected to be announced after July 17. The Election Commission has already confirmed that the polls will occur between

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Politics

Sri Lanka’s President Announces Adoption of 75 New Laws Over Past Two Years

President Ranil Wickremesinghe announced that Sri Lanka has implemented 75 new laws in the past two years, marking a significant milestone in legal reform. Speaking at the inauguration of the new Court Complex in Theldeniya, Wickremesinghe highlighted the country’s commitment to enhancing its legal system. The inauguration of the three-storey Court Complex replaces the original

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Politics

Government of Sri Lanka Extends Military Benefits for CDF in Anticipation of Elections

State Defence Minister Premitha Bandara Tennakoon announced that the Sri Lankan government has decided to extend the same benefits given to war-time army personnel to the Civil Defence Force (CDF). This decision comes ahead of the upcoming Presidential polls, with the election date expected to be declared after July 17. President Ranil Wickremesinghe, also the

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