Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources
ONLANKA News
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7h ago
The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters. The informal group of bilateral lenders is set to “soon” announce its support to the crisis-hit nation on a debt overhaul, said one of the people, who asked not to be named because talks are private. The Asian island nation, which is grappling with soaring inflation, a recession and currency depreciation, entered into a staff level agreement with the I ..read more
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Chief Prelates say NO to the Implementation of 13A
ONLANKA News
by Administrator
12h ago
Sri Lanka’s President Ranil Wickremesinghe. (REUTERS / Adnan Abidi) The Chief Prelates of the Three Chapters has urged President Ranil Wickremesinghe not to implement the 13th Amendment to the Constitution which would lead to serious issues concerning the country’s independence, territorial integrity, and National Security. In a letter to the President, Prelates noted transferring land and police powers, powers to regulate ancient and historical places and to regulate religious societies to Provincial Councils would lead to promotion of separatism in the country. The Prelates noted that all ..read more
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Ceylon Electricity Board gives undertaking to Supreme Court on power cuts
ONLANKA News
by Administrator
12h ago
Giving an undertaking to the Supreme Court, the Ceylon Electricity Board (CEB) said today (February 02) that it would refrain from imposing power cuts until the Contempt of Court application filed by the Human Rights Commission of Sri Lanka (HRCSL) is taken up for consideration tomorrow (February 03), and the matter is concluded. The case was called before the Supreme Court judge bench comprising Preethi Padman Surasena, Yasantha Kodagoda and Shiran Gunaratne this morning. The HRCSL filed a Contempt of Court case with the Supreme Court on January 31, 2023 against the secretary to the Ministry ..read more
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Nine STF members hospitalized after three buses crash
ONLANKA News
by Administrator
12h ago
Nine Police Special Task Force (STF) members were injured after three buses on their way to attend the Independence Day rehearsals in Colombo this morning (February 02) collided with each other, Police said. Three buses were from the Police STF camp in Katukurunda, and all three buses crashed into each other at the Nallur Junction in Panadura, Police added. The injured STF personnel were admitted to the Panadura Hospital. The post Nine STF members hospitalized after three buses crash appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News ..read more
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Sri Lanka’s Catholic Church to boycott 75th Independence Day Celebrations
ONLANKA News
by Administrator
12h ago
Neither the Cardinal, Bishops nor any representative from Sri Lanka’s Catholic Church would participate in the 75th Independence Day celebrations, on Saturday (February 04), as it is a ‘crime’ and waste of funds that is being committed against the citizens of Sri Lanka, Spokesman for the Archdiocese of Colombo, Rev. Fr. Cyril Gamini Fernando stated. Addressing the media yesterday (February 01) at the Colombo Archbishop’s House, Fr. Fernando lambasted the Government over the colossal amount of public funds being spent for the Independence Day celebration. He noted that the Catholic Church oppo ..read more
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Price of 92 Octane Petrol increased in Sri Lanka
ONLANKA News
by Administrator
23h ago
Price of 92 Octane petrol will be increased by Rs. 30 per litre with effect from midnight today (February 01). The new price of Octane 92 petrol litre will be Rs. 400. Both Ceylon Petroleum Corporation (CEYPETCO) and Lanka IOC (LIOC) will now sell a litre of 92 Octane Petrol at Rs. 400. The post Price of 92 Octane Petrol increased in Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News ..read more
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Wasantha Mudalige granted bail for three separate cases
ONLANKA News
by Administrator
23h ago
Inter University Students’ Federation leader Wasantha Mudalige gestures as he leaves on bail the Colombo fort magistrates court, in Colombo on February 1, 2023. (Photo by STR / AFP via Getty Images) Wasantha Mudalige has been granted bail for three separate cases by the Fort Magistrate’s Court today (February 01). Wasantha Mudalige is the convener of Inter University Students’ Federation (IUSF). Attorney Nuwan Bopage speaking to media said that based on the fact that he was remanded for a prolonged period, and that the Prevention of Terrorism Act (PTA) charges were dropped in court on Tuesda ..read more
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Victoria Nuland assures U.S. Government’s support for Sri Lanka’s recovery efforts
ONLANKA News
by Administrator
23h ago
Under Secretary of State for Political Affairs of the United States, Victoria Nuland met Sri Lanka President Ranil Wickremesinghe at the Presidential Secretariat this morning (February 01). Victoria Nuland, has pledged the U.S. Government’s support for Sri Lanka’s ongoing recovery efforts. President Wickremesinghe thanked the U.S. Government for their support during difficult times. Victoria Nuland arrived in Sri Lanka earlier this morning, on an official visit to mark the 75th anniversary of U.S. – Sri Lanka relations. Upon her arrival, Victoria Nuland was received by the U.S. Ambassador to ..read more
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Victoria Nuland arrives in Sri Lanka
ONLANKA News
by Administrator
23h ago
Under Secretary of State for Political Affairs of the United States, Victoria Nuland arrived in Sri Lanka this morning (February 01) on an official visit to mark the 75th anniversary of US-Sri Lanka relations. Upon her arrival, Victoria Nuland was received by U.S. Ambassador to Sri Lanka, Julie Chung. The U.S. envoy tweeted that the Under Secretary’s visit highlights the support extended by the United States to Sri Lanka’s ongoing reforms to foster economic prosperity, protect human rights and promote reconciliation. The post Victoria Nuland arrives in Sri Lanka appeared first on Sri Lanka Ne ..read more
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‘We’ll end up like Sri Lanka’: Pakistan stares at economic collapse as IMF visits
ONLANKA News
by Administrator
23h ago
Pakistani people queue to buy wheat flour at government-controlled prices in Islamabad on January 10, 2023. (Photo by AAMIR QURESHI / AFP via Getty Images) Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of elections due in October. But in recent days, with the prospect of national bankruptcy looming an ..read more
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