The Cabinet of Ministers has approved the proposal for the restructuring of international sovereign bonds by way of swapping existing bonds for new bonds in accordance with the parameters indicated in the debt sustainability analysis conducted by the International Monetary Fund (IMF). In June 2024, the Government of Sri Lanka reached a final agreement on…
The Irrigation Department has issued a flood warning for several low-lying areas of Mahaweli River Basins, effective until 6.00 a.m. on November 28, 2024. It states that considerable rainfall has occurred in some Mahaweli catchment areas as of today (26). By analyzing the current rainfall situation and river water levels of Mahaweli River Basins, it…
Ajith Perakum Jayasinghe The Sri Lanka Bureau of Foreign Employment (SLFEB) has raised strong objections to the E-8 visa system, introduced for seasonal employment in South Korea, alleging irregularities and significant risks to Sri Lankan workers. SLFEB Chairman Kosala Wickramasinghe disclosed that the E-8 visa agreement was unlawfully signed by a former minister without Cabinet…
A three-day workshop for parliamentarians is scheduled to commence today. Secretary-General of Parliament Kushani Rohanadeera said it will be held daily from 9:30 AM to 4:30 PM. The workshop will cover various areas, including the responsibilities of MPs, parliamentary procedures, proper conduct in Parliament, and the legislative process.
The Meteorology Department says the low pressure area over the southwest Bay of Bengal is likely to intensify into a depression over the central-southwest Bay of Bengal by today morning. The system is located about 500 km southeast of Batticaloa at around 02.30 this morning.The system is expected to further develop and move closer to…
The Matara District Disaster Management Coordination Unit has confirmed that all necessary steps are being taken to ensure students sitting for the G.C.E. Advanced Level examination today (25) can safely reach their respective examination centers, even in the event of an emergency situation. Assistant Director of the unit, Lieutenant Colonel Kelum Kudagamage, stated that in…
Sri Lanka has been recognized as an “Advancing” country in the Global Cybersecurity Index (GCI), which highlights its commitment to enhancing cybersecurity practices across multiple pillars. The Global Cybersecurity Index (GCI) that published by the International Telecommunication Union (ITU) serves as a trusted benchmark for assessing countries’ commitment to cybersecurity on a global scale. The…
Sri Lanka’s entrepreneurship rate stands at just 3% of the working population, significantly trailing regional counterparts, according to Dhanuka Liyanagamage, Director of the National Enterprise Development Authority (NEDA). He addressed the issue at the Global Entrepreneurship Week (GEW) 2024 launch event held at the Ceylon Chamber of Commerce. “Only about 3% of the working population…
Mastercard Country Manager for Sri Lanka and Maldives, Sandun Hapugoda, emphasized the critical role of digital transformation for micro, small, and medium-scale enterprises (MSMEs) in Sri Lanka, which make up 19% of the country’s establishments. Speaking at the launch event of Global Entrepreneurship Week (GEW) 2024, organized by the Ceylon Chamber of Commerce, Hapugoda underlined…
The National Enterprise Development Authority (NEDA) has announced plans to consolidate over 50 ICT-related government institutions under a single umbrella to enhance efficiency and eliminate redundancy. Speaking at the launch event of Global Entrepreneurship Week (GEW) 2024 at the Ceylon Chamber of Commerce yesterday, NEDA Director Dhanuka Liyanagamage highlighted the challenges within the sector. “In…
