Sri Lanka's continual negotiations with IMF chief and Managing Director Kristalina Georgieva, has proved conducive in obtaining the bailout that is so vital for restoring the bankrupt economy. Approval for the first tranche was received following a zoom meeting on Thursday between President Rani...

Colombo (News 1st) - A court in Belarus has sentenced exiled Opposition Leader Svetlana Tikhanovskaya to 15 years in prison on a range of charges that include high treason and conspiracy to seize power. Tikhanovskaya is believed by many to have won the 2020 election against longtime dictator Al...

COLOMBO (News1st) - China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund. According to Bloomberg Sri Lanka’s largest bilateral creditor...

Colombo (News 1st) - The Speaker of Parliament Mahinda Yapa Abeywardena informed the Parliament that he has received MP Mayantha Dissanayake's letter of resignation from the post of Chairman of the Committee on Public Finance (COPF). He made the announcement when Parliament convened on Tuesday ...