Case filed before special court against Mahanama and Dissanayake

Cabinet approves MoU with Maldives on immigration

The Cabinet has approved a proposal to reach a Memorandum of Understanding (MoU) with the Maldives on immigration matters. In the course of bilateral relations between Sri Lanka and the Maldives it has been proposed to establish a Memorandum of Understanding on cooperation in immigration matters between the two countries. Accordingly the Cabinet of Ministers approved the proposal presented by the Minister of Public Security Tiran Alles to enter in to a Memorandum of Understanding to improve an

06 Dec, 2022

World Bank approves Sri Lanka?s access to concessional financing

The World Bank has approved Sri Lanka?s request to access concessional financing from the International Development Association (IDA). This type of financing, which is offered at low interest rates, will enable the country to implement its government-led reform program to stabilize the economy and protect the livelihood of millions of people facing poverty and hunger. The request is the result of Sri Lanka?s sustained deterioration in economic and social conditions, which have reduced income l

06 Dec, 2022

Indian govt allows Lankans to hold $10,000 worth of rupee in cash

Sri Lankans can now hold $10,000 worth of the Indian rupee (INR)?in physical form, though the INR would not be legal tender in the island nation, after India approved a Sri Lankan request to designate the INR as a foreign currency, Indian media reported. This will provide the island nation much needed liquidity support to help it tide over its economic crisis amid inadequate dollar liquidity. The decision is also in sync with the Indian government?s efforts to popularise the INR among Asian na

05 Dec, 2022