Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.
Sri Lanka will focus on green financing tools, including debt for nature swaps as it attempts to reach the net zero target, Wickremesinghe told Reuters in an interview. But he added it does not have immediate plans to utilise green bonds.
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The Meteorology Department says showers will occur at times in Western and Sabaragamuwa provinces and in Galle and Matara districts. Several spells of showers may occur in North-western province. Showers or thundershowers will occur at several places in Uva, Central and Eastern provinces and in Hambantota and Polonnaruwa districts during the evening or night, the…
A Gazette notification has been issued appointing an 18-member Presidential Task Force, including the President’s Secretary, to oversee the implementation of the ‘Clean Sri Lanka’ initiative. This initiative aligns with the President’s policy statement, “A Rich Country, a Beautiful Life,” and aims to launch a transformative national mission addressing the well-being, reconciliation, and progress of…
The International Monetary Fund says that the the Executive Board meeting on Sri Lanka is expected to take place in the coming months, following in the implementation by the authorities on the prior actions. Julie Kozack, the Director of the Communications Department of the IMF made these comments in response to a question posed by…
The Telecommunications Regulatory Commission of Sri Lanka says a significant number of businesses involved in the sale of telephones and communication devices have not obtained the relevant license. The Commission’s Assistant Director Menaka Pathirana says a fine of over 1 million rupees will be imposed on those who have not obtained the necessary license. She…
The Gross Domestic Product (GDP) of the country has shown a positive growth of 5.5% in the third quarter of 2024, according to the Department of Census and Statistics. The GDP, which stood at Rs. 2,987,544 million at constant prices (2015) in the third quarter of 2023, increased to Rs. 3,151,941 million in the corresponding…
Former president Ranil Wickremesinghe on Tuesday hailed the joint statement issued by India and Sri Lanka during the island’s President Anura Kumara Disanayaka’s visit to India, saying it will further deepen bilateral cooperation. India and Sri Lanka issued the joint statement after Prime Minister Narendra Modi and President Disanayaka held comprehensive and fruitful discussions in…
