The Ministry of Agriculture, Livestock, Land and Irrigation, with technical assistance from the Food and Agriculture Organization of the United Nations (FAO) and financial support from the Government of Japan, has announced a new USD 1.33 million project to enhance water productivity and climate resilience in Sri Lanka’s minor tank-based ecosystems. The 12-month initiative (March…
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the combined Fifth and Sixth Reviews of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$700 million in financing….
Joint Statement by the Heads of the International Monetary Fund, the World Bank Group and the World Food Programme The Heads of the International Monetary Fund (IMF), the World Bank Group (WBG) and the World Food Programme (WFP) met to discuss the global economic and food security impacts of the war in the Middle East. They issued the following statement: The Middle East war is upending lives and livelihoods in the region…
LAUGFS Gas PLC has commenced island-wide distribution, releasing approximately 30,000 LPG cylinders daily following the resumption of filling operations at both the Hambantota (HBT) and Mabima plants. With both facilities operating in together, the company is accelerating distribution to restore market availability and meet heightened demand. LAUGFS Gas further assures uninterrupted LPG supply during the festive season, supporting…
Reuters – Oil fell below $100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran that was subject to the immediate and safe reopening of the Strait of Hormuz. Brent futures fell $16.32, or 14.9%, to $92.95 a barrel at 0630 GMT, while WTI slid $18.16, or 16.1%, to…
The Board of Investment (BOI) of Sri Lanka is pleased to announce the appointment of Dr. Sulakshana Jayawardena as its acting Chairman. A veteran of the Sri Lankan Administrative Service (SLAS) with over 23 years of distinguished experience, Dr. Jayawardena brings a wealth of expertise in public administration, policy formulation, and large-scale project management to…
SriLankan Airlines wishes to inform the public of a serious escalation in ongoing scam activities targeting passengers and potential customers. The airline has identified incidents of individuals impersonating SriLankan Airlines staff, including via WhatsApp and direct phone calls. During these interactions, scammers may request recipients to install mobile applications, share their screen or disclose one-time…
Sri Lanka’s official reserve assets declined by 3.5% in March 2026, according to the latest data released by the Central Bank of Sri Lanka. The country’s total official reserves stood at US dollars 7,019 million at end March 2026, compared to US dollars 7,270 million recorded at the end of February. In February, Sri Lanka’s…
Sri Lanka is aiming to reach a staff-level agreement with the International Monetary Fund by Thursday (09), President Anura Kumara Dissanayake revealed, in a move that could unlock up to $700 million in funding. Addressing Parliament today (07), the President said talks with the visiting IMF team are ongoing and “productive,” with efforts underway to…
Reuters – Oil prices extended gains on Tuesday as a U.S.-imposed deadline loomed for Iran to open the Strait of Hormuz or be “taken out”, with U.S. President Donald Trump threatening to order attacks on Iranian bridges and power plants. Brent crude futures rose $1.74, or 1.6%, to $111.51 a barrel by 0530 GMT, while U.S. West Texas Intermediate crude…
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