Sri Lankan Government to Uphold IMF Fiscal and Debt Targets
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Sri Lankan Government to Uphold IMF Fiscal and Debt Targets

Bydaily reporter

The new Sri Lankan government has reaffirmed its commitment to the International Monetary Fund (IMF)-supported program, in-terms of achieving fiscal and debt targets, said Krishna Srinivasan, the IMF Director for the Asia Pacific Department. Srinivasan noted that following the new government’s inauguration, an IMF mission visited Sri Lanka and held productive discussions with the president…

China to donate Emergency humanitarian material to SL
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China to donate Emergency humanitarian material to SL

Bydaily reporter

The Chinese government has decided to further provide a batch of Emergency Humanitarian materials to Sri Lanka, worth RMB 10 million (approximately LKR 400 million). The donation comes in addition to a recent Emergency Assistance of USD 100,000 (approximately LKR 30 million) in cash handed over to the President of Sri Lanka – Anura Kumara…

school nutrition programme

School children’s nutrition programs at risk of stopping

Suppliers not paid for two months;

ByEditor

There is a risk of halting the school nutrition program as the government has not made the payments to the suppliers for the free meals provided to the students in the primary classes from grade 1 to grade 5 in schools for almost two months. Principals and suppliers point out that at present such suppliers…

money
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From when can we use NP government-issued currency notes?

ByEditor

Ajith Perakum Jayasinghe Currency notes issued by the National People’s Power (NPP) government, signed by Central Bank Governor Nandalal Weerasinghe, are not yet in circulation. Then, is it false that the government printed Rs. 100 billion worth of currency? That’s correct; it’s a different process. No notes have actually been printed. Instead, money has been…

Presidential Election Sees 22% of Free Trade Zone Workers Abstaining; Risk of Higher Non-Participation in Upcoming Parliamentary Election
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Presidential Election Sees 22% of Free Trade Zone Workers Abstaining;

Risk of Higher Non-Participation in Upcoming Parliamentary Election

ByEditor

A significant 22% of Free Trade Zone workers did not cast their votes in the recent Presidential Election, according to the Free Trade Zone Workers’ Solidarity. This alarming figure has raised concerns that even more workers may abstain from voting in the upcoming Parliamentary Election if current barriers remain unaddressed. Sugath Rajapaksha, the coordinator of…

Sri Lanka’s inflation drops to -0.2% in September
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Sri Lanka’s inflation drops to -0.2% in September

Bydaily reporter

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.2% in September 2024 from 1.1% in August 2024, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation also decreased to 0.5% in September, down from 2.3% in August. The NCPI…

Nadu Rice Prices Exceed Control Price
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Nadu Rice Prices Exceed Control Price

Bydaily reporter

The price of Nadu rice has exceeded the government-set control price, now retailing at over Rs. 230 per kilogram, while the maximum retail price remains at Rs. 220. This surge, reported by the Maradagahamula Rice Producers’ Association, is attributed to a shortage of Nadu paddy. B.K. Ranjith, Chairman of the association, expressed concerns about the…

Rise & Fall Of Nationalism In North & South
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An ethos of consultation is necessary

Bydaily reporter

The new government’s approach to major national issues appears to be one of caution and of continuing in the direction set by its predecessor. This is most clearly visible in its adherence to the IMF agreement and its strict conditions. The government has also retained key officials dealing with the economy despite having subjected them…

September Remittances Reach US$ 556 Million
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September Remittances Reach US$ 556 Million

Bydaily reporter

Sri Lankans working abroad sent back US$ 555.6 million in September 2024, marking a 15.2% increase from the same month last year, according to recent data. This brings the total remittances for the first nine months of the year to US$ 4.84 billion, an 11.5% rise compared to 2023. While September’s figures show a slight…

pensioners
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Over 717,000 Active Government Pensioners by September 2024

ByEditor

As of September 2024, the total number of active government pensioners in Sri Lanka stands at 717,347, according to the Department of Pensions. These pensioners include 392,966 civil service pensioners, 187,913 widows and orphans fund pensioners, and 136,468 retired military personnel. Over the first nine months of the year, the total expenditure for pensions amounted…