Sri Lankan President Anura Kumara Dissanayake has reaffirmed that the current government will remain in office through 2028 and will continue to honor the country’s foreign debt commitments. Presenting the 2026 Budget in Parliament, the President said the government is implementing a program aimed at securing long-term debt sustainability. He noted that Sri Lanka is…
Sri Lankan President Anura Kumara Dissanayake says the government aims to maintain inflation below 5 percent as part of its broader economic stabilization plan. He noted that state revenue is expected to reach 16 percent of GDP by the end of the year, reflecting ongoing fiscal reforms. The President also said the country’s official reserve…
Sri Lanka plans to launch a wide-reaching housing development programme in 2026 aimed at supporting families from all social and economic backgrounds who are struggling with housing challenges. The initiative seeks to respond to a variety of growing pressures, including low incomes, limited access to land, rising construction costs, migration trends, informal urban expansion, displacement,…
Sri Lankan President Anura Kumara Dissanayake announced plans to rebuild the country’s weakened state administrative system by launching a large-scale recruitment drive and introducing new welfare measures for public sector employees. The announcement was made during the presentation of the 2026 Budget in Parliament. President Dissanayake noted that the public service has faced long-term challenges…
Bangladesh and Sri Lanka have agreed to expand investment ties and explore new port connectivity initiatives as part of efforts to deepen bilateral cooperation. The commitments were made during the fourth round of Foreign Office Consultations (FOC), held in Colombo on Thursday — the first such meeting in eight years. Co-chaired by the foreign secretaries…
Sri Lanka’s Cabinet of Ministers has approved the 2026 national budget, which will be presented to Parliament this afternoon (07) by President Anura Kumara Dissanayake in his role as Minister of Finance. The President will deliver the second reading of the Appropriation Bill, also known as the Budget Speech, at 1:30 p.m. today. This marks…
Sri Lankan President and Finance Minister Anura Kumara Dissanayake will present the national budget on Friday, prioritising economic reforms aimed at meeting International Monetary Fund (IMF) targets that are key for securing additional financial support and boosting investor confidence. Dissanayake came to power late last year promising to tackle corruption and rebuild the economy, which…
Sri Lanka’s Ministry of Digital Economy has announced a major milestone in the nation’s digital transformation efforts, as GovPay—the government’s unified digital payment platform—has surpassed Rs. 1 billion (approximately USD 3.3 million) in transactions and onboarded more than 200 government institutions across the country. Launched in February 2025, GovPay was developed by LankaPay in collaboration…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) surpassed the 23,000-point mark for the first time in history, during this morning’s (04) trading session. At around 09.37 a.m. today, the index stood at 23,000.54 points.
In line with the island-wide anti-drug operation being conducted under the theme “Nation United – National Drive” to eradicate narcotics, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has introduced a new 24-hour hotline. The ‘1818’ hotline, established at the request of the national anti-drug initiative, enables the public to provide accurate and timely information…
