Sajith Premadasa vows to appoint new PM if elected President

Foreign Ministry summons Canadian envoy in Colombo

By Easwaran Rutnam The Foreign Ministry today summoned Canada’s Acting High Commissioner to Colombo Daniel Bood and expressed Sri Lanka’s displeasure over the decision to impose sanctions on former presidents Gotabaya Rajapaksa and Mahinda Rajapaksa. Foreign Minister Ali Sabry told Colombo Gazette that he met the Canadian envoy at the Ministry of Foreign Affairs and raised Sri Lanka’s concerns over the move. The new Canadian High Commissioner to Sri Lanka, Eric Walsh, is yet to present his cr

11 Jan, 2023

Sri Lanka’s central bank urges China and India to reduce its debts

Sri Lanka’s central bank has urged China and India to agree a write-down of their loans as soon as possible. The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a $2.9bn (?2.4bn) bailout. But the International Monetary Fund will not release the cash until China and India first agree to reduce Sri Lanka’s billions of dollars of debt. The governor of Sri Lanka’s central bank told BBC Newsnight it was in the interest of all parties to act quickly. P. Nandalal Weera

12 Jan, 2023

Treasury facing serious shortage of funds

The Treasury is facing a serious shortage of funds, the Government revealed today. President Ranil Wickremesinghe informed the Cabinet that the Treasury is running short of funds owing to the 2022 economic crisis, Cabinet Spokesman Bandula Gunawardena said today. “The President informed the Cabinet that the Treasury is facing a serious financial crisis in 2023 beyond what we expected,”? Gunawardena said. He said that the expected income by way of taxes during the first 3 months of this year i

10 Jan, 2023