May 13 (FT) Sri Lanka has reached a critical milestone by moving out of bankruptcy, but it would be misleading to call it a success. Debt restructuring is almost completed. Most agreements have been secured, a pathway to debt sustainability has been mapped, and institutional frameworks such as the Medium-Term Debt Management Strategy (MTDS) and institutionalising the centralised debt management function are being put in place. Please refer my 2017 article on MTDS more..

May 13 (FT) As the world turns to the 14-15 May Beijing summit between the US and China, the balance of power appears less symmetrical than diplomatic protocol suggests. At the very moment Prez Donald Trump arrives at the table, he is burdened—militarily, economically, and politically—while Prez Xi Jinping engages from a position of calibrated strength and mindful narrative. Meanwhile, in Colombo, the presidents of Vietnam and the Maldives have just met with their SL counterpart more..

May 13 (TM) Nearly 100,000 Aswesuma beneficiary families have begun earning a stable income through alternative support programmes since the introduction of the welfare scheme, with the Govt hoping to gradually stop welfare payments for as many families as possible over the next three years (2027-2029), it is learnt. Deputy Minister Wasantha Piyathissa said the Govt is working towards helping beneficiaries more..

May 13 (AD) A total of 16 major reservoirs and 17 medium-scale reservoirs under the management of the Dept of Irrigation are currently spilling following heavy rains recorded across several parts of the country. Director of Irrigation Engineer H.M.P.S.D. Herath said the situation was reported as of 6 a.m. today. Reservoirs currently spilling include Rajanganaya Reservoir in the A'pura District, Ambewela Reservoir in the Badulla District, and the Mau Ara, Lunugamvehera, Thissa Wewa, more..

May 13 (AD) An Amber Advisory for heavy rains has been issued for the Western and Sabaragamuwa provinces and in the Puttalam, Galle and Matara districts today. Dept of Meteorology stated that the prevailing showery conditions are expected to continue further due to the low-pressure area in the vicinity of Sri Lanka. Accordingly, very heavy showers above 200 mm are likely at some places in the Western and Sabaragamuwa provinces and in the Puttalam, Galle and Matara districts, more..

May 13 (TM) Ministry of Ports & Civil Aviation has launched a formal drive to attract both local and int'l investors to Mattala Rajapaksa Int'l Airport (MRIA), for which the BoI will work with all stakeholders and prospective investors as a facilitator. Acting on behalf of Airport & Aviation Services (AASL), Ministry has initiated the process of inviting Expressions of Interest (EOIs) covering a wide array of commercial opportunities. more..

May 13 (NW) Harsha de Silva says he entered politics with the vision of building a developed Sri Lanka and insists he will not join the Govt despite ongoing speculation. In a lengthy statement, SJB MP said none of his family members were involved in politics and that his decision to enter public life was driven by a desire to see SL become a developed nation one day. Harsha de Silva said he does not make political decisions based on narrow political advantages and rejected claims that more..

May 13 (NW) Seven public transport drivers and conductors were found to have used dangerous narcotic substances during a special drug screening programme conducted at the Kadawatha bus stand yesterday. The operation was carried out under a special programme launched by the Ministry of Transport, Highways and Urban Development targeting drivers engaged in public transport services, with the aim of improving passenger safety and road discipline. According to the Ministry, more..

May 13 (NW) Atamasthanadhipathi Ven. Pallegama Hemarathana Thera has strongly denied allegations that he sexually abused a 15-year-old girl, while the Anuradhapura Chief Magistrate on Tuesday declined to issue a fresh remand order against the suspect monk over legal procedural issues. The development took place when the case was taken up before A'pura Chief Magistrate Siyapath Wickramaratne. Prez’s Counsel Kalinga Indatissa, appearing for Ven. Hemarathana Thera, told court more..

May 13 (EN) SL’s private credit recovered strongly in March, and the rupee whimpered in cascading credit driven by money printed through fx swaps and dollar purchases that aggressively signalled the market to depreciate the currency. The external problems are coming amid current and overall budget surpluses. On Thursday, rupee fell to 323.25/75 to the US dollar around 322/322.30 levels in a constrained spot market which was largely inactive. One-week forwards were quoted close to 324 to US$, more..

May 13 (Island) Prof. Prathibha Mahanamahewa has emphasised the need to examine the circumstances under which the court staff executed the bail bond, and the release process, in respect of the late Kapila Chandrasena, former CEO of SriLankan Airlines. Chandrasena’s body was found in a house at Pedris Road, Colombo 3. In case of any doubt regarding bail condition/s or any other matter (insufficient surety, identity issues, more..

May 13 (DN) Sri Lanka has launched a massive financial support programme worth nearly Rs. 30 million per month for 146 athletes and their coaches under the country’s ambitious Olympic Mission project aimed at the 2028 Los Angeles Olympic Games. Sports Ministry said the programme will provide funds for training, nutrition and living expenses while closely monitoring the progress of athletes from 12 sports. The special programme was introduced under the guidance of more..

May 13 (DN) SL women cricketer Imesha Dulani is among the nominees for the ICC Women’s Cricketer of the Month for April. Imesha has been nominated by the ICC following her performance at the Sri Lanka team’s recent tour of Bangladesh. The 24-year-old right hand top order batter Imesha scored 116 runs with two half-centuries in the three-match ODI series against Bangladesh and was also named the Player of the ODI Series. Imesha also scored 101 runs with a half-century in the T20Is more..

May 13 (SO) SL must continue its Free Trade Agreement (FTA) policies alongside broader economic liberalisation measures to regain investor confidence and attract export manufacturing investments, Ambassador of the Republic of Korea to SL, Miyon Lee said last week. She was speaking at the Ambassador’s Round Table in Colombo, organised by the Pathfinder Foundation. Lee called on the Govt to set up a stronger, well-coordinated negotiation mechanism backed by more..

May 13 (DM) Hutch Sri Lanka is leveraging its international pedigree to bring the best of enterprise solutions to help SL businesses leapfrog into a new era. As the country pushes forward with its digital ambitions, the company, backed by its parent, the global Fortune 500 giant - CK Hutchison Holdings, sees this as the right time to unlock the global digital expertise it thrives on. The CK Hutchison Group, a world leader in telecommunications operating in 11 countries, is a trailblazer that has more..

May 13 (TM) SLC have been forced to scrap the controversial social media follower requirement for Icon and Star category players in the Lanka Premier League (LPL) Season six Player Registration and Draft Guide. This has transpired following strong backlash on social media and criticism from sections of the cricket community over the eye-brow raising move by the sport’s local governing body. An updated version 1.5 of more..

May 13 (DM) SL Export Development Board (EDB) has announced that Sri Lanka Expo 2026, originally scheduled to be held in 2026, has been rescheduled for 14–17 Jan 2027. The international trade exhibition will take place at the BMICH in Colombo. The decision to reschedule was made in response to prevailing geopolitical uncertainties affecting global trade and travel. Organised by the EDB, Sri Lanka Expo 2027 is the country’s premier international trade exhibition, aimed at showcasing more..

May 13 (Island) After years of disappointing returns, off-field controversies, lengthy suspensions and a badboy image among cricket fans, Kusal Mendis seems to have finally turned a corner. With a young daughter now at the centre of his world, Mendis appears to have realized that there’s more to life than pubs and nightclubs. The hours in the gym have increased significantly and so has his commitment to the game. The turning point came in England last year. more..

May 13 (ST) Cybersecurity analysts and policy observers are warning that weak visa controls and relaxed monitoring of foreign visitors have made the island an attractive base for global scam syndicates. In recent weeks, SL has witnessed a wave of cybercrime cases reported from various parts of the country. Since Jan 1, 2026, SL police have arrested 628 foreign nationals for illegal activities ranging from immigration violations more..

May 13 (DM) Sri Lanka’s national tea sale average rose in April from the previous month, supported by gains across all elevations in rupee terms, although the earnings in dollar terms continued to lag year-on-year (YoY) amid the currency movements and softer export value realisations. The data released by the SL Tea Board showed the national sale average for April 2026 increased to Rs.1,179.70 per kilogramme, from Rs.1,144.23 in March, marking a month-on-month gain of Rs.35.47. more..

May 13 (DN) The first unofficial one day cricket fixture between Sri Lanka Women’s ‘A’ and New Zealand women’s ‘A’ ended in no result due to rain yesterday in Dambulla. SL women’s ‘A’ decided to bat first scored 217 for 7 wickets in 42 overs when the rain halted the game. SL openers Vishmi Gunaratne (23) and Sanjana Kavindi (45) made a solid start adding 60 runs. 17-year-old Sanjana played her debut SL ‘A’ game was unfortunately out 5 runs away her well deserved half century. more..

May 13 (Island) Automobile Association of Ceylon (AAC) is looking beyond the traditional boundaries of mobility and road safety toward the future of mobility through sustainable developments in vertical mobility applications under the global guidance of the Fédération Internationale de l’Automobile (FIA). AAC President Mr. Dhammika Attygalle believes AAC has the potential to contribute sustainable and proven systems, regulatory understanding, and international mobility frameworks toward more..

May 13 (DM) A proposed amendment to the Inland Revenue Act is set to introduce strict criminal penalties for taxpayers who fail to meet key procedural requirements, marking a significant shift in enforcement. Section 185A, a new provision in the bill, identifies several compliance failures that will now constitute prosecutable offences. Under section 185A, a new section under section 185, certain offences have been identified; failure to file the annual statement, failure to file more..

May 13 (DM) This interview outlines China’s strategic outlook for 2026, focusing on its mediation role in the Middle East and its shared future with SL. Key highlights include the push for a bilateral Free Trade Agreement, emergency energy support for Colombo, and a visionary proposal for trilateral cooperation between China, India, and SL. Q: How does China view the current Middle East crisis and the recent more..

May 13 (Island) Former Prez Mahinda Rajapaksa yesterday visited the CIABOC, made a statement on the Airbus bribery scandal and returned home. A large number of his supporters flocked to Colombo to pledge solidarity with him. Speaking at a District Coordination Committee meeting at the Matale District Secretariat yesterday, Prez Anura Kumara Dissanayake stated that nobody was above the law, and anyone could be questioned in an investigation. He claimed that his predecessors had more..

May 13 (Island) The recent increase in electricity tariffs in Sri Lanka has created serious social and economic concerns. The increase applies especially to consumers who use more than 180 units of electricity. Their bills may rise by more than 18%. At first, this may look like a decision that affects only high electricity users. But in reality, the impact is much wider. It affects households, businesses, industries, services, inflation, investment, and national competitiveness. more..

May 13 (DN) GMOA celebrates its Centenary Jubilee today. Therefore, today is the ideal occasion to discuss the issues faced by all parties concerned. The patients’ plight needs to be highlighted in particular. They have borne the brunt of strikes in the health sector over the past several decades. The entire country knows quite well how innocent poor patients who seek medical treatment and other healthcare facilities from State sector suffer whenever there is a strike in state health more..

May 13 (TM) The people are once again being asked to foot the bill for a crisis they did not create. This time, it comes in the form of restructuring and voluntary retirement schemes. But strip away the corporate jargon and the reality is, the Treasury is preparing to spend billions on compensation for thousands of employees following the breakup of the former CEB. And who funds the Treasury? The public. At a time when ordinary citizens are struggling to survive under crushing taxes, more..

May 13 (TM) The 2026 VAT Amendment Bill is set to broaden the national tax base and fundamentally alter the operating cost structures for numerous economic sectors. Deputy Minister Wasantha Piyathissa said: “We are currently holding targeted discussions regarding the provision of welfare relief to the public. While no final decision has been formalised just yet, the relevant ministries are deliberating on these matters extensively. more..

May 13 (DM) SL in 2026 finds itself at a dangerous crossroads. Its commanding position in the Indian Ocean should be a strategic asset, yet it remains a vulnerability. The civil war ended in 2009 and the economy has begun recovering from the 2022 crisis, but the island faces intensifying great-power rivalry, internal divisions, and new threats ranging from cyber attacks to climate disasters. The deepest problem, however, is home-grown －the chronic politicisation of intelligence and more..

May 13 (ST) Even as India’s HC Santosh Jha renewed India’s call to build the mythological Ram Setu bridge to physically join Lanka with India and had the effrontery to declare that the time for wavering was over, it’s time to tell India exactly where to get off the bridge she plans to build. High Commissioner Jha, delivering the keynote speech at the Global Innovation and Leadership Summit in Colombo last Saturday, emphasised that such a physical link would transform the economic more..