News

IMF to review SL’s economic policies & reforms on June 12

Published

1 year ago

June 3, 2024

nipuni

The Article IV Consultation and second review under the Extended Fund Facility (EFF) for Sri Lanka are on the International Monetary Fund’s (IMF) Executive Board meeting agenda for June 12, says State Minister of Finance Shehan Semasinghe.

“The session will evaluate Sri Lanka’s economic policies and reform progress,” he said, in a post on ‘X’ (formerly Twitter).

He also said Sri Lanka looks forward for continued support of all countries for a successful review to unlock the third tranche, which will further enhance economic stability, growth, and reform efforts.

IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the second review of the four-year EFF-supported program and the 2024 Article IV Consultation, the Director of IMF Communications Julie Kozack said last month.

“Once the review is approved by IMF Management and completed by the IMF Executive Board, Sri Lanka will have access to about US$337 million in financing”, she added.

(adaderana.lk)
(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

News

Tenders called for e-NIC project

Published

2 hours ago

July 2, 2025

editor

The Ministry of Digital Economy Affairs in Sri Lanka has said that Tenders have been called from Indian companies to develop Sri Lanka’s new digital National Identity Card (e-NIC).

Deputy Minister – Eranga Weeraratne stated that a 04 month period will be given for this process.

The Deputy Minister added that the new digital NIC is expected to be issued by mid-2026.

In January, Weeraratne had clarified that the government has decided to cover half of this cost through assistance from India to meet the financial burden.

News

Public consultation on renewable energy sector kicks off today

Published

2 hours ago

July 2, 2025

editor

The Public Utilities Commission of Sri Lanka (PUCSL) announced that a public consultation will be held today (July 02) to identify challenges faced by renewable energy developers in Sri Lanka.

The Commission stated that oral submissions from stakeholders will be gathered from 8.00 am – 4.00pm at the Bandaranaike Memorial International Conference Hall (BMICH).

The public consultation is being held under the powers granted to the Commission by Section 17 of the Sri Lanka Public Utilities Commission Act, No. 35 of 2002.

Meanwhile, President of the Solar E P C Association (SEPCA) – Dr. Shyam Pathiraja has said that many stakeholders are expected to present their views on the crisis in the renewable energy sector.

On a related note, National People’s Power (NPP) MP – Ravindra Bandara claimed that the current government has not imposed any restrictions on renewable energy production.

Entertainment

Court order issued against ‘Eh Yaye’ song

Published

2 hours ago

July 2, 2025

editor

The Commercial High Court has issued an interim injunction order, preventing popular artistes Romaine Willis and Mass Ramli Miskin (DJ Mass) from performing, reproducing and distributing the song ‘Eh Yaye’.

Colombo Commercial High Court Judge Priyantha Fernando issued the order after the Plaint filed under the Intellectual Property Act by popular singer Corrine Almeida.

The case also alleges that the musical composition and the lyrics of the song ‘Eh Yaye’ were substantially similar to the song ‘Api Natamu’.

Naming Willis and DJ Mass as defendants, the plaintiff Corrine Almeida had also stated that she is the owner of the copyright and economic rights to the musical composition and lyrics of her song titled “Api Natamu”.

The plaintiff instituted action in terms of the Intellectual Property Act, No. 36 of 2003 alleging that the musical composition and the lyrics of ‘Eh Yaye’ were substantially similar to the ‘Api Natamu’ song.

(Source : Dailymirror.lk)