Three Turks arrested without valid visas in Kohuwala

IMF calls for resumption of dialogue to reach deal with Sri Lanka

The International Monetary Fund (IMF) has called for the resumption of dialogue to reach an agreement with Sri Lanka. Peter Breuer, IMF Senior Mission Chief for Sri Lanka, and Masahiro Nozaki, IMF Mission Chief for Sri Lanka said that the IMF is closely monitoring the ongoing developments in Sri Lanka. “We hope for a resolution of the current situation that will allow for resumption of our dialogue on an IMF-supported program, while we plan to continue technical discussions with our counterpar

10 Jul, 2022

A case for private investment in Colombo Airport

By Gautham Pandya Tourism has been a major source of forex for Sri Lanka. Prior to the pandemic, Sri Lanka?s annual earnings from tourism had reached close to US$ 4.3 billion. The advent of the pandemic has reduced this to about US$ 500 million in 2021. This sharp decline has been one of the major factors in the current forex crisis. It would be critical to revive this revenue stream as early as possible, especially because the inflows will be immediate and easily accessible. Our neighbour Mal

10 Jul, 2022

Three arrested over attack on PM’s private residence

Three suspects have been arrested over the attack on Prime Minister Ranil Wickremesinghe’s private residence. Mobs protested near his residence last night and came under attack by the Police and military. Unknown individuals later set fire to the house and looted some of the items. The attack on Prime Minister Ranil Wickremesinghe’s private residence drew strong condemnation. Leader of the Opposition Sajith Premadasa said that he joins all peaceful Sri Lankans in fiercely condemning the barb

10 Jul, 2022