COLOMBO (News 1st); The Cabinet of Ministers has granted approval to continue to provide the Samurdhi allowance, for families that were receiving the Samurdhi benefit and are not eligible for the Aswasuma welfare benefits scheme. Minister Shehan Semasinghe requested the people to open bank accounts...

COLOMBO (News 1st); The Central Bank of Sri Lanka said that gross official reserve (GOR) increased to US dollars 3.7 billion by end June 2023, compared to US dollars 1.9 billion recorded at end 2022. It added that the significant increase was mainly due to the receipt of the first tranche of USD 34...

COLOMBO (News 1st); Sri Lanka's Power and Energy Minister Kanchana Wijesekera announced that the first shipment of SINOPEC fuel reached the Island nation, and was being unloaded. He said the second shipment will reach the country on Wednesday (2). The Minister said that the entry of new retail...

COLOMBO (News 1st); The Central Bank of Sri Lanka on Monday (31) launched the inaugrual Monetary Policy Report. "The publication of the Monetary Policy Report marks an important step towards improving the transparency of monetary policy and is expected to promote engagement with all stakeholde...

COLOMBO (News 1st); The US Embassy says that foreign investments play a vital role in any country’s economy. The embassy shared the annual investment climate statement, issued by the U.S. Department of State, that outlines many of the challenges foreign investors face in Sri Lanka. The U.S. ...