Legal Dispute Over NITF Reinsurance Tender Raises Concerns in Sri Lanka
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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RDA Spent Rs. 14,715 Crore on Unauthorized Road Projects, Audit Report Reveals
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CNL Reporter
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February 18, 2025
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Political
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RDA
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0 Comments
The Road Development Authority (RDA) has spent Rs. 14,715 crore on road reconstruction projects that fall outside its jurisdiction, according to a recent report issued by the National Audit Office.
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LIVE UPDATES: 2025 Budget Speech
In his concluding remarks during the Budget Speech, the President said that never has Sri Lanka had a chance like this to catch up with the modern world.
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SLPMA warns Govt. inaction stalls local pharma growth,
The Sri Lanka Pharmaceutical Manufacturers Association (SLPMA) urged the government to create a level playing field for domestic pharmaceutical manufacturers to compete with imported pharmaceutical products.
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Sri Lanka Budget seeks to balance poll pledges with IMF demands – Report
Sri Lanka President Anura Kumara Dissanayake will need to walk a tightrope in his budget Monday, seeking to reduce the economic burden on the poor while taking steps to keep a $3 billion International Monetary Fund bailout on track.
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National People’s Power: Hopes and Expectations (Part 1) – Lionel Bopage
Solutions to short-term challenges should not compromise long-term strategies
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“Sri Lanka’s 2025 Budget: Balancing IMF Rules, Revenue Targets & Reforms”
News of the Day
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President Dissanayake to present his first Budget in Parliament tomorrow
The 2025 Government Budget is scheduled to be presented to Parliament tomorrow (17), marking the first budget to be presented by President Anura Kumara Dissanayake since assuming office.
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Sri Lanka and UK Sign Agreement to Enhance Hydrographic Capabilities
NEWS OF THE DAY
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Sri Lanka and UK sign landmark hydrographic cooperation agreement
In a major step forward for Sri Lanka’s efforts to boost its hydrographic capabilities, the Sri Lanka National Hydrographic Office (SLNHO) and the United Kingdom Hydrographic Office (UKHO) inked a historic bilateral arrangement yesterday (14).
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