News

CBSL presents AER 2024 to President

Published

1 month ago

April 7, 2025

editor

The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Disanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history.

The report was officially handed over by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank, during a special ceremony held at the Presidential Secretariat.

AER 2024 comprises four main chapters: Macroeconomic Developments, Conditions of the Financial System, Review of Central Bank’s Policies and Macroeconomic Outlook.

According to the Review, the Sri Lankan economy showed significant signs of recovery in 2024, following the deep economic crisis experienced two years ago. The recovery trajectory, though challenging, has been notably faster than that of many other debt-distressed countries.

Improvements in economic activity, a partial resurgence in purchasing power and reduced uncertainty are among the key positive indicators noted in the report.

The event was attended by Dr. Nandika Sanath Kumanayake, Secretary to the President, Mr. K. M. Mahinda Siriwardena, Secretary to the Treasury, Mrs. K. M. A. N. Daulagala, Senior Deputy Governor, Dr. C. Amarasekara, Assistant Governor, Dr. (Mrs.) S. Jegajeevan, Director of Economic Research and Dr. L. R. C. Pathberiya and Additional Director of Economic Research at the Central Bank Dr. V. D. Wickramarachchi.

(President’s Media Division)

News

8,742 Vesak Dansals registered islandwide

Published

26 minutes ago

May 12, 2025

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The Public Health Inspectors (PHI)’s Union states that a total of 8,742 Dansals have been registered islandwide, in line with Vesak celebrations this year.

According to the PHI’s Union chairman – Upul Rohana, the highest number of ‘Dansal’ is registered in the Western Province, particularly in the Colombo Municipal Council (CMC) area.

The union has also urged organiser to reduce the use of polythene and plastic during food distribution efforts.

News

Financial assistance from President’s Fund for Gerandi Ella bus accident victims

Published

1 hour ago

May 12, 2025

editor

A sum of Rs. 1 million from the President’s Fund will be granted for each individual who lost their life in the Kotmale bus accident, the President’s Media Division states.

President Anura Kumara Disanayake has directed that a sum of Rs. 1 million be granted from the President’s Fund to each individual who lost their life in the tragic bus accident that occurred early this morning (11) in the Garadiella area, Kotmale.

Accordingly, arrangements have been made to promptly disburse these funds to the next of kin of the deceased through the President’s Fund.

In addition to this assistance, compensation will also be provided to the affected families through the Sri Lanka Transport Board and relevant insurance schemes.

Meanwhile, authorities continue to investigate the cause of the accident, which has claimed 22 lives so far.

(Pic : Accident1st)

News

Maxwell gets 5-yr. ban

Published

2 hours ago

May 12, 2025

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Former Secretary of the National Olympic Committee of Sri Lanka (NOCSL) Maxwell de Silva was handed a five-year ban, sources revealed.

Earlier, De Silva was suspended by the International Olympic Committee (IOC) and the Ministry of Sports due to various irregularities committed by him over several years.

Accordingly, the NOCSL Executive Committee decided to hand down a five-year ban on De Silva, considering the recommendations made by the NOCSL Ethics Committee, NOCSL President Suresh Subramaniam told the Daily Mirror.

Subramaniam further stated that the penalty on De Silva has already been communicated in writing to the IOC.

Accordingly, the former secretary, who has been banned for five years, is now completely prohibited from representing the NOCSL at any foreign event or international conference.

(dailymirror.lk)

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