Coronavirus death toll in Sri Lanka crosses the 5000 mark

Controversial cop Tennakoon tipped to be next IGP

Controversial cop, Senior DIG (SDIG) Deshabandu Tennakoon, is tipped to be appointed as the next Inspector General of Police (IGP). According to reports President Ranil Wikckremesinghe has recommended that Tennakoon be appointed to the post. IGP C. D. Wickramaratne is set to retire on 25th March. The Attorney General (AG) had named Tennakoon as one of the suspects linked to the 9th May 2022 mob violence at Galle Face. Tennakoon was questioned over the incident by the Criminal Investigations

17 Mar, 2023

Sri Lanka receives financial assurance letter from China

In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and the Governor of the Central Bank of Sri Lanka signed the letter and sent it to the IMF. The President said that he completed his obligation to the country and antic

07 Mar, 2023

Sri Lanka in talks to extend $1 billion Indian credit line

Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months, two sources told Reuters, as the island nation tries to line up funds for the rest of the year while the IMF looks set to approve a $2.9 billion loan for it soon. The credit line is to due to expire on March 17 with Sri Lanka having used only about two-thirds of it, mainly for medicines and food, said the sources and another person familiar with the matter. The extension talks come as the economy improves an

08 Mar, 2023