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India has taken strict action against substandard food imports, rejecting consignments of items like apples, nuts, alcoholic beverages, and sushi from countries including China, Japan, Sri Lanka, Bangladesh, and Turkey. These products failed to meet the quality and safety standards set by the Food Safety and Standards Authority of India. MORE..

26 Nov 2024 (4:55 PM)

The Local Consortium of Sri Lanka (LCSL), comprised of domestic commercial banks and financial institutions, has committed its full support for the Exchange Offer and Consent Solicitation launched today by the Government of Sri Lanka to restructure the US$12.55bn in outstanding International Sovereign Bonds (ISBs).. MORE..

26 Nov 2024 (7:54 PM)

A total of six flights scheduled to land at the Bandaranaike International Airport (BIA) in Katunayake have been diverted to the Mattala Airport and the Thiruvananthapuram International Airport in India due to adverse weather conditions. MORE..

26 Nov 2024 (11:22 PM)

Sri Lanka has announced the official launch of the exchange of its outstanding International Sovereign Bonds (ISBs) totaling approximately USD 12.55 billion, as of 25 November 2024. MORE..

26 Nov 2024 (7:01 PM)

Deputy Minister of Economic Development Prof. Anil Jayantha Fernando clarified the procedure for importing vehicles in the future, emphasizing the role of foreign reserve limitations in the process. MORE..

26 Nov 2024 (4:08 PM)

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to implement a single policy interest rate mechanism, the Overnight Policy Rate (OPR), transitioning from its dual policy interest rate mechanism with effect from today (27 November). MORE..

26 Nov 2024 (11:38 PM)