Sri Lanka entered into a bilateral debt restructuring agreement with United Kingdom

The Government of Sri Lanka has entered into a bilateral debt restructuring agreement with the Government of the United Kingdom of Great Britain and Northern Ireland, marking a significant milestone in the country’s ongoing efforts to restore debt sustainability. The agreement, which follows the Memorandum of Understanding (MoU) signed with the Official Creditor Committee (OCC), includes a debt relief package …

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Fort Magistrate delays decision on Ranil Wickremesinghe’s Bail

The Fort Magistrate’s Court has still not made a decision on former President Ranil Wickremesinghe’s bail, which remains pending due to a power cut in the court premises. He appeared today under the custody of the CID. Fort Magistrate Nilupuli Lankapura initially paused court proceedings for 30 minutes, but the power cut extended the delay to more than an hour …

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Ex-President RW arrested by CID and Produced in Court

Former President Ranil Wickremesinghe was presented before the Fort Magistrate’s Court this afternoon under the custody of the Criminal Investigation Department (CID). A large crowd gathered outside the courthouse in Colombo, and security was tightened as supporters and media filled the area. Wickremesinghe was arrested by the CID this morning , 22 August 2025, shortly after arriving to provide a …

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BIA: flights up 16%, profits up 78%

Bandaranaike International Airport (BIA) has reported a substantial 16% increase in flight movements during the first six months of 2025 compared to the same period in 2024. This growth is accompanied by an impressive 78% surge in operational profit for the Sri Lanka Airport and Aviation Company over the same period. According to the Ministry of Transport, Highways, Ports, and …

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Sri Lanka’s sugar industry in crisis

Sri Lanka’s state-owned sugar industry, primarily represented by the Pelwatte and Sevanagala sugar companies, is currently navigating a profound crisis marked by significant financial distress, unpaid dues, and operational inefficiencies.  While trade unions contend that long-standing issues remain unresolved, state officials indicate that arrears owed to farmers and suppliers have been settled, with the government now focusing on new development …

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