Cabinet approves 6 percent bus fare hike from next month

Japan and Sri Lanka sign deal to restructure $2.5 billion in loans

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year. Japan said it was granting concessions on a 369.45 billion yen ($2.5 billion) loan under a comprehensive debt treatment plan, which the International Monetary Fund considers essential for Sri Lanka’s economic recovery. “The development of Sri Lanka, which is located at a strategic point in the Ind

07 Mar, 2025

Overseas travel ban on Pastor Jerome lifted

The overseas travel ban imposed on controversial Pastor Jerome Fernando, has been lifted by the Colombo Fort Magistrate?s Court. Fernando was granted conditional bail by the Colombo Fort Magistrate?s Court in January 2024 and was banned from travelling overseas. He had been jailed earlier under the International Covenant on Civil and Political Rights (ICCPR) Act, over allegations he was inciting hate among religious communities in Sri Lanka. Court was also told at the time that he was being i

05 Mar, 2025

Mark Carney named as Canada’s Prime Minister-elect

Canada selected a new prime minister-elect on Sunday night, as Justin Trudeau’s reign nears a close amid a trade war with the United States. Canada’s Liberal Party announced that Mark Carney was chosen to succeed Trudeau after party members voted in a nominating contest between four candidates. In his acceptance speech, Carney addressed U.S. President Donald Trump’s tariffs on Canada and the threat Trump has posed towards the country, calling the current events the “greatest crisis of our life

10 Mar, 2025