News

Political Developments:

• Presidential Election: Anura Kumara Dissanayake of the National People's Power (NPP) was elected President on September 21, 2024, marking the first time a third-party candidate has assumed the presidency in Sri Lanka.

  
  

• Parliamentary Election: The NPP secured a significant victory in the parliamentary elections held on November 15, 2024, obtaining over a two-thirds majority. This majority grants them the authority to amend the Constitution, aligning with their campaign promises.

  
  

Economic Updates:

• Credit Rating Upgrade: Sri Lanka has exited the 'Restricted Default' rating, reflecting improvements in the country's financial stability.

  
  

• GDP Contribution: The Western Province continues to lead in economic contribution, accounting for 43.7% of the Gross Domestic Product (GDP) in 2023.

  
  

Incidents:

• Bus Accident: A tragic accident occurred on the Hatton–Kandy main road, where a bus toppled down a precipice, resulting in two deaths and 23 injuries.
  

International Relations:

• Indo-Lanka Relations: Sri Lanka and India have been strengthening digital cooperation, with Sri Lanka looking to India's advancements in digital technology as a model to support its own digital transformation.