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Sri Lankan legislators eliminate their pensions, fulfilling a campaign commitment

Sri Lankan legislators eliminate their pensions, fulfilling a campaign commitment

Sri Lanka Lawmakers Abolish Pensions Amid Economic Crisis In a significant move, Sri Lankan legislators voted on Tuesday to eliminate pensions, aligning with a major campaign promise from the Marxist-influenced ruling party, amidst widespread discontent due to the nation’s economic turmoil. The measure passed in the 225-member Parliament by an overwhelming 154 votes, with only […]

Sri Lanka’s Investment Authority: Red Tape, Corruption, and the Investment Deception

Sri Lanka's Investment Authority: Red Tape, Corruption, and the Investment Deception

Sri Lanka Investment Board: Navigating Bureaucracy, Corruption, and the Investment Dilemma (October 21, 2025) Sri Lanka, which desperately needs foreign investment to recover from its financial struggles, has unfortunately developed one of the least welcoming bureaucracies for investors in South Asia. The Board of Investment (BOI), meant to serve as a streamlined point of contact […]

Sri Lankan Police Are Restarting Farms Affected by Salt Contamination. Here’s How

Samy Ladir Shan, a commando with Sri Lanka’s elite police force, is on a unique mission to restore a farm that has been damaged by salt contamination. Salt levels have been gradually increasing, impacting traditional rice paddies along the coast and threatening the livelihoods of generations of farmers. About a two-hour drive south from Colombo […]

Six Military Members Killed in Sri Lanka Helicopter Accident

Colombo: A military helicopter went down in a reservoir in Sri Lanka on Friday, resulting in the deaths of six service members. The Sri Lankan Air Force Bell 212 crashed in the Madur Oya region, as confirmed by the Ministry of Defense. This incident occurred during an attempt to perform a demonstration at the Army […]

IMF Reaches Agreement With Sri Lanka On $344 Million Loan Payout

Quick Take The summary is AI-generated, and the newsroom was reviewed. The IMF has agreed to a review of the loan program with Sri Lanka. This review will make roughly $344 million available for reform. Sri Lanka defaulted on its $46 billion external obligations in April 2022. Washington: The International Monetary Fund announced on Friday […]

10-Km Long Queues In Sri Lanka As Buddhists Line Up To See Sacred Tooth

Colombo: Buddhists swarming to see sacred teeth in Sri Lanka were urged by authorities to stay on Thursday after four died and hundreds became ill during the long line. Local police chief Laris Patinayake said the city of Candy is already 10 kilometers (6 miles) as long as Buddhists were waiting to worship Buddha’s teeth, […]