Tensions ease, morning curfew lifted, several arrested overnight

Monaragala SSP Sisira Kumara interdicted

Monaragala Senior Superintendent of Police (SSP) Sisira Kumara has been interdicted after cannabis plants were found in his possession. SSP Sisira Kumara was arrested by the Police Special Task Force (STF) recently. The Police media unit said that over 650 cannabis plants were seized. According to the Police, a metal detector was also found in his possession. The Criminal Investigations Department (CID) obtained approval from the Monaragala Magistrate?s Court to detain SSP Sisila Kumara unti

13 Jan, 2023

Sri Lanka yet to receive assurance from creditors

Sri Lanka is yet to receive financial assurances from its bi-lateral creditors, State Minister of Finance Shehan Semasinghe said. As a result, he said Sri Lanka has not yet been able to secure approval for a bailout package from the International Monetary Fund (IMF) Executive Board. “But we are confident of securing the approvals. However with uncertainty surrounding technical concerns and the delay in the much vital approval is taking a heavy toll on the lives of the people of Sri Lanka,” he

12 Jan, 2023

Bangladesh gives Sri Lanka 6 more months to repay $200m loan

The Bangladesh Bank has extended the repayment period of the $200 million loan to Sri Lanka by six months until September this year amid the recovery of the South Asian country from its devastating economic crisis. The central bank made the decision at its board meeting on Thursday, a senior official, wishing to remain unnamed, told The Business Standard. The Bangladesh Bank lent $50 million to Sri Lanka for the first time in August 2021. Later, it provided another $150 million in two phases.

12 Jan, 2023