News
Ranil makes pitch on behalf of Lankan students hit by forex limitations
By Saman Indrajith
Prevailing foreign exchange scarcity in the country was taking a heavy toll on foreign tuition payment, as many parents and guardians complain of difficulty in paying school fees of their children in foreign universities, UNP leader Ranil Wickremesinghe said yesterday.
“Thousands of parents now have to buy dollars in the black-market as local banks have no foreign currency” the UNP leader said, addressing the UNP leaders via Zoom.
Wickrmesinghe said that there were many Sri Lankan students in foreign universities having completed their courses of studies halfway and the were in need of foreign currency to pay their dues to continue their education. “Banks do not sell at least USD 25,000. Thousands of parents are now in a quandary,” he said.
In the face of this economic crisis, the government was left with no alternative but to seek the assistance of the International Monetary Fund, the former Prime Minister said, adding that the government had to pay USD 1.5 billion as loan payments in the first quarter of next year. There was the danger of the economy collapsing. There was a possibility of Lanka receiving 400 million USD from the SAARC Fund and another 800 million USD from IMF as relief given to the pandemic affected countries. Then there is 200 million USD due from Bangladesh. Apart from that, there is no other institution to give dollars to this country except the IMF, he said, adding that if Sri Lanka could secure an IMF guarantee it could obtain a loan from another source.
China would give us a USD 1.5 billion as a loan but it would be given in Yuan and of that amount USD 350 million would have to be used only for development projects. When the funds from the SAARC fund and the IMF relief are spent on fuel, the government would not have anything left,” Wickremesinghe said.
News
Navy brings fisherman in distress off Pothuvil, ashore
The Sri Lanka Navy rescued a fisherman from a local fishing trawler that encountered distress due to adverse weather conditions off the eastern coast of Sri Lanka.
The rescue operation took place on 17 July 2026, approximately 15 nautical miles off Pothuvil. The operation was launched following information received by the Maritime Rescue Coordination Centre (MRCC) Colombo.
In response, the Sri Lanka Navy deployed the Offshore Patrol Vessel SLNS Vijayabahu along with additional craft to conduct a search operation in the designated sea area, where they successfully located the distressed fisherman.
Following the rescue, the individual was brought aboard SLNS Vijayabahu, where naval personnel administered preliminary first aid. He was subsequently brought to the mainland and rushed for further medical attention.
Meanwhile, the Navy, along with the coordination of MRCC Colombo, remains constantly prepared to swiftly respond to the eventualities faced by maritime and fishing communities operating within the island’s Search and Rescue Region (SRR).

News
Dengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead
The countrywide dengue outbreak has intensified, with the death toll rising to 50, by July 16, as the number of reported infections surpassed 73,000, according to the National Dengue Control Unit (NDCU).
The country has recorded 73,455 dengue cases so far this year, with the case fatality rate standing at 0.07 percent, highlighting the severity of the ongoing outbreak.
The Western Province continues to remain the worst affected region, accounting for more than half of the total cases, with 38,700 infections. The Gampaha District has recorded the highest number of cases in the province with 15,341, followed closely by Colombo with 14,625.
The Southern Province has reported 11,382 cases, while the Sabaragamuwa and Central provinces have each recorded more than 6,000 infections.
Dengue cases have shown a sharp increase in recent months, with June recording the highest monthly total of 21,538 cases, while July has already reported 18,076 infections. In comparison, 8,590 cases were reported in May, and 5,651 in April.
Health authorities have identified 175 Medical Officer of Health (MOH) areas as high-risk locations during the 27th epidemiological week. An average of 2,677 new dengue cases are being reported daily, prompting authorities to intensify prevention and mosquito control measures.
News
Evidence recorded in money laundering case against Yoshitha Rajapaksa
The Colombo High Court yesterday (17) resumed hearing the money laundering case filed against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, under the Prevention of Money Laundering Act.
The proceedings were held before High Court Judge Udesh Ranatunga, where evidence was recorded from prosecution witnesses, under the direction of Deputy Solicitor General Janaka Bandara.
President’s Counsel Sampath Mendis, appearing for Yoshitha Rajapaksa, cross-examined the witnesses during the hearing.
After recording evidence, the court ordered that further examination of evidence be postponed until July 24.
The Attorney General has filed indictments, alleging that Yoshitha Rajapaksa committed an offence, under the Prevention of Money Laundering Act, by purchasing five plots of land in Dehiwala and Ratmalana, valued at more than Rs. 73 million.
-
Features6 days agoPrison riots and politics: NPP’s biggest challenge and Sri Lanka’s biggest opportunity
-
Features3 days agoDirty Money
-
Editorial6 days agoMuch ado about crime: Fish or cut bait
-
Features6 days agoMore on Saudi Arabia: ARAMCO and beyond
-
Sports6 days agoThe banker who rescued Sri Lankan cricket
-
News1 day agoMoney laundering case against Yoshitha, fixed for pre-trial conference
-
Midweek Review3 days agoThe sordid tale of theft and tragedy at Finance Ministry
-
Latest News4 days agoOil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook
