Parts of Jaffna university closed until further notice

Sri Lanka secures $1.5 billion IMF loan to help bolster finances

Sri Lanka reached an agreement with the International Monetary Fund for $1.5 billion in loans to help lower its borrowing costs and bolster finances, Bloomberg reported. Sri Lanka?has pledged to narrow its fiscal deficit to 3.5 percent of gross domestic product by 2020 through ?a comprehensive set of reforms to Sri Lanka?s tax system,? the Washington-based lender said in a statement. The loan program will need approval by the IMF?s executive board, which is due to consider it in early June. On

29 Apr, 2016

President appoints 11 new SLFP organisers, Geetha removed

President Maithripala Sirisena today appointed eleven new electorate and district organizers of the Sri Lanka Freedom Party (SLFP). The President also removed SLFP Parliamentarian Geetha Kumarasinghe from her post of SLFP chief organiser of the?Bentara Elpitiya electorate. Pradeep Jayawardene, grandson of former President J R Jayawardene was?appointed SLFP Gampaha district organizer and?senior politician C B Ratnayake?s brother M S B Ratnayake was appointed as the SLFP organizer for Nuwara Eli

28 Apr, 2016

Fire in box forced SriLankan airlines flight to return to Changi

A SriLankan Airlines flight made to return to Changi Airport for “security reasons” two weeks ago did so because a checked-in box had caught fire, injuring a baggage handler, said the Singapore police in a statement on Thursday (April 28), the Straits Times reported. The box contained a culinary butane torch belonging to five Sri Lankan men who had been in Singapore for a cooking competition. Such torches are classified as dangerous goods under aviation laws. Police received a call informing t

28 Apr, 2016