Page 28 - Uditha Jayasinghe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka's parliament on Thursday approved a new law to improve the independence of the country's central ba...

Sri Lanka's parliament approved a crucial anti-corruption bill on Wednesday to improve governance in the crisis-hit country as part of requirements linked to a $2.9 billion bailout from the...

Sri Lanka is likely to discuss energy, power and port projects during a presidential visit to New Delhi next week, the foreign minister said on Monday, as India tries to push forward stalled...

Sri Lanka's President will prepare an appropriate time frame to reactivate the Light Railway Transit Project with Japan, which was suspended in 2020 citing financial woes. The island nation is now on a path to recovery after facing its worst financial crisis in more than seven decades last year. The cabinet on Wednesday gave approval for President Ranil Wickremesinghe to decide on the appropriate time frame to reactivate the $2.2 billion project with Japan, the country's media ministry said on Wednesday.

A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended. The central bank expects the economy to resume growth this quarter after six quarters of contraction - faster than expected by many economists - while overseas remittances are surging and tourist numbers are rising. "Stability is somewhat there but what it means is no extreme shortages, no fuel queues, and no 13-hour power cuts," said Reh...