Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget.
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The Ceylon Chamber of Commerce (CCC) has welcomed the “bold proposals” in the 2025 Budget, which it says align with its recommendations, Sri Lanka Economic Summit discussions, and Vision 2030 goals.
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A top economist yesterday raised concerns over a potential procurement corruption process or gross misrepresentation in the government’s 2025 budget, particularly regarding public sector salaries and defence expenditure.
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The Third Review under the Extended Fund Facility for Sri Lanka will be taken up by the Executive Board of the International Monetary Fund on the 28th of February 2025.
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The Jaffna International Airport (JIA) marked a historic milestone yesterday by welcoming its first international charter flight from Chennai, India.
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Hon. Vijitha Herath, Minister of Foreign Affairs, Foreign Employment, and Tourism, returned to Sri Lanka this morning after participating in the 8th Indian Ocean Conference (IOC) held in Muscat, Oman, on 16–17 February 2025. During his visit, Minister Herath engaged in high-level discussions with several foreign counterparts on the sidelines of the conference, focusing on strengthening bilateral relations, regional cooperation, …
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The United Nations Population Fund (UNFPA), with the generous support of the Government of Japan, has undertaken a vital initiative to improve maternal and child healthcare services in the Northern Province of Sri Lanka.
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Sri Lanka is on the verge of a major digital transformation as the government accelerates efforts to modernize the economy.
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Strategic Insurance Brokers (SIB) has formally urged President and Minister of Finance, Anura Kumara Dissanayake, to reconsider the Cabinet’s decision regarding the National Insurance Trust Fund (NITF) tender for reinsurance coverage related to strikes, riots, civil commotion, and terrorism. Their request follows concerns over procedural and legal irregularities in the awarding of the tender.
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In a surprising and extravagant gesture, alleged conman Sukesh Chandrashekhar, currently incarcerated in Delhi’s Mandoli Jail, has reportedly gifted a private jet to Bollywood actress Jacqueline Fernandez on Valentine’s Day.
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