Lead Story

Fitch ratings yesterday upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘RD’ (Restricted Default). This followed approval by creditors of the country’s US$ 12.55 billion International …

President Anura Kumara Dissanayake will undertake a State visit to India from December 15 (today) till 17 at the invitation of President of India, Droupadi Murmu. This is the first …

The Government has stepped up measures to address rising coconut and rice prices, Trade, Commerce, Food Security, and Cooperative Development Minister Wasantha Samarasinghe told the Sunday Observer yesterday. With the …

The deep depression in the Bay of Bengal, which caused severe flooding across the country last week, intensified into a cyclone on Friday and made a landfall in Tamil Nadu …

The International Monetary Fund (IMF) has reached a staff-level agreement with the Sri Lankan authorities on economic policies to conclude the third review of the country’s Extended Fund Facility (EFF) …

The National People’s Power (NPP) on Friday said that although the Provincial Council system set up under the 13th Amendment to the Constitution has failed to achieve its objectives, the …

National People’s Power (NPP) national executive member and its Kalutara District team leader Dr. Nalinda Jayatissa yesterday defended the Government’s approach to economic management and welfare delivery, dismissing criticism from Opposition …

Dhaka and Colombo have stressed the need for negotiations over signing the Preferential Trade Agreement (PTA) at the earliest to unlock the untapped potential of bilateral trade between Bangladesh and …

The European Union (EU) has reaffirmed its commitment to support Sri Lanka in expanding its market access, enhancing employment opportunities within the EU, and boosting tourism. The EU has also …

The Government of India (GOI) will double its grant support to upgrade nine schools in the plantation regions of Sri Lanka. The GOI’s total commitment to the project now stands …