Russian arrested with fake US dollars

G7 backs debt relief efforts for Sri Lanka

The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on Thursday in a draft communique from a meeting in Germany after the country defaulted on its sovereign debt. The once-booming island country has suspended debt payments as it grapples with its worst economic crisis since it won independence in 1948, facing shortages of essential goods that have triggered social unrest. G7 countries said in their statement they were committed to fin

19 May, 2022

Pavithra Wanniarachchi questioned over Galle Face attack

Former Minister Pavithra Wanniarachchi was questioned by the Criminal Investigations Department (CID) today over the Galle Face attack. Her husband Kanchana Jayaratne was also questioned by the CID for several hours today. Yesterday, parliamentarians Rohitha Abeygunawardena, C.B. Ratnayake and Sanjeewa Edirimanne were questioned by the CID over the Galle Face attack. The Police said that the MPs were questioned over the mob attack on peaceful protesters at Galle Face and those gathered outsid

19 May, 2022

Inflation in Sri Lanka projected to remain elevated

Inflation is projected to remain elevated in the coming months before moderating thereafter, the Central Bank of Sri Lanka said today. The bank said that headline inflation is projected to remain escalated in the near term on account of domestic supply shortages, increased global commodity prices, the effects of the large depreciation of the Sri Lanka rupee against the US dollar thus far during the year, along with the impact of aggregate demand pressures. However, inflation is expected to mod

19 May, 2022