President Ranil Wickremesinghe expressed his regret to the Japanese Government for the suspension of the Colombo Light Rail Transit (LRT) project, which was being implemented with Japanese support.
Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that collective policy measures are painful for businesses and households and that such measures are imperative to prevent devastative impacts of the soaring inflation and economic instability, and to restore economic conditions that are essential for economic stakeholders.
People's Bank was given full possession of a property in the city of Nuwara Eliya, mortgaged to the Bank as security for a facility obtained by Yashodha Holdings (Pvt) Ltd, by fiscal officers of the Nuwara Eliya District Court pursuant to the judgement by the Supreme Court.
Sri Lankan Opposition MP Harsha de Silva highlighted the critical considerations surrounding Domestic Debt Optimization and its impact on the members of the Employees Provident Fund (EPF).
Sri Lanka's President Ranil Wickremesinghe said he intends to apply for membership in the Regional Comprehensive Economic Partnership (RCEP) trade bloc, as his South Asian country strives to rebuild its crisis-hit economy.
The Samagi Jana Balawegaya (SJB) is looking to initiate disciplinary action against MP Vadivel Suresh after he voted in favour of the motion moved by the government to remove the Chairman of the Public Utilities Commission of Sri Lanka (PUCSL).
The Indian High Commission in Colombo has refuted recent media reports claiming that the Indian Government has sought compensation from Sri Lanka over the assistance extended during the X-Press Pearl and MT New Diamond maritime disasters.
According to the Welfare Benefits Board, significant measures have been taken to address the challenges faced by welfare beneficiaries in receiving their allowances.
A north-based political party has expressed fears about the Sri Lankan government launching an investigation to find out whether India is intervening to revive the Liberation Tigers of Tamil Eelam (LTTE).
The motion to remove the chairman of the Public Utilities Commission of Sri Lanka (PUCSL) Janaka Ratnayake from its membership was passed by 46 majority votes in Parliament yesterday (24).
