Deadly fire at a restaurant in Maradana

IMF wants Sri Lanka to implement deals with official creditors

The International Monetary Fund (IMF) wants Sri Lanka to conclude the negotiations with external commercial creditors and implement agreements with official creditors.? Julie Kozack, Director of Communications at the IMF noted that the Executive Board approved the first review of the program on 12th December 2023. “So just about a month ago, with a disbursement of $337 U.S. dollars. Program performance has been satisfactory, as signaled by the completion of the review. And the next steps are t

12 Jan, 2024

HRW accuses Sri Lanka of regressive policies

Regressive government policies and inadequate social protection left many Sri Lankans at risk from the worst effects of the country?s economic crisis, Human Rights Watch said in its World Report 2024. The Government of President Ranil Wickremesinghe continued to repress freedoms of expression and association, and pursue policies that discriminate against minority communities. ?Millions of Sri Lankans are struggling to survive an economic crisis that partly originated in corrupt, unaccountable

12 Jan, 2024

CEB submits proposal to PUCSL to reduce power tariffs

The Ceylon Electricity Board (CEB) has submitted a proposal to the Public Utilities Commission of Sri Lanka (PUCSL) to reduce electricity tariffs from February 2024. The PUCSL said that it received the proposal today (Saturday) and made it public. In its submission to the PUCSL, the CEB says even though it has made profits after a lapse of 9 years it is still in an extremely difficult situation to serve some of its accumulated debt payments, including to the Ceylon Petroleum Corporation. Howe

13 Jan, 2024