SriLankan Airlines, Korean Air activate codeshare partnership

SriLankan Airlines and Korean Air have officially activated a new codeshare partnership, effective from 15 March, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul. The new partnership enables SriLankan Airlines to codeshare on flights operated between Singapore and Seoul Incheon by Korean Air, making it possible for […]

Price of milk powder to be reduced

The price of a packet of milk powder is expected to be reduced by an amount ranging between Rs 100 to Rs 150 from Friday (March 15), Minister of Trade Nalin Fernando said.

Special discussion on IMF bailout programme today

A discussion between the visiting team of officials from the International Monetary Fund (IMF) and representatives from the government and opposition regarding the IMF bailout programme is scheduled to be held today (11) at the Presidential Secretariat in Colombo. Ministers of State for Finance Shehan Semasinghe, Ranjith Siyambalapitiya, Chief of Staff to the President Sagala […]

President to convene meeting with opposition’s party leaders, IMF delegates on Monday

President Ranil Wickremesinghe has convened a meeting on Monday (March 11) with the leaders of accepted opposition parties in parliament and the visiting high-level delegation of the International Monetary Fund (IMF). During the meeting, scheduled to be held at the Presidential Secretariat, the opposition party leaders will be offered the chance to discuss the IMF’s […]

President reiterates govt’s commitment to sustaining momentum and advancing economic agenda

During the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry today (07), the Senior Mission Chief for Sri Lanka Peter Breuer emphasized that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the program’s implementation, noting that […]

IMF second review of Sri Lanka’s bailout package begins today

The International Monetary Fund (IMF) will commence its second review of the Extended Fund Facility (EFF) program for Sri Lanka today (March 07) with an opening meeting scheduled with President Ranil Wickremesinghe. Taking to his X handle (formerly Twitter), Finance State Minister Shehan Semasinghe said this marks a crucial milestone in the ongoing efforts by […]

Electricity and fuel supply declared as essential services

An Extraordinary Gazette has been issued declaring all services connected to the supply of electricity and the supply or distribution of petroleum products and fuel as essential services. The relevant gazette has been issued by the Secretary to the President Saman Ekanayake on Sunday (03) by order of the President Ranil Wickremesinghe. Accordingly, the proclamation […]

No fuel price revision in March?

The government has decided not to revise the fuel prices for the month of March. Fuel prices amended as per the monthly pricing formula were supposed to be announced last night (Feb.29). However, the Ceylon Petroleum Corporation (Ceypetco) has decided to keep the prices at current rates this month. Meanwhile, Lanka IOC and Sinopec too […]

IMF team to visit Sri Lanka for second EFF review

A team from the International Monetary Fund (IMF) is to arrive in Sri Lanka for the second review of the Extended Fund Facility (EFF) programme which is to begin on 07 March, according to State Minister of Finance Shehan Semasinghe. The state minister said he believes the second review for the third disbursement under the […]

PUCSL to announce decision on CEB’s tariff reduction proposal today

The Public Utilities Commission of Sri Lanka (PUCSL) is slated to deliver its decision on the electricity tariff reduction proposal mooted by the Ceylon Electricity Board (CEB) today (Feb.28). According to a spokesperson of the Ministry of Power & Energy, the tariffs are likely to be reduced by at least 18%. PUCSL will convene a […]