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The Colombo Stock Exchange witnessed a volatile session today, where early optimism quickly faded into mild selling pressure by the close. The market opened on a positive note, with the ASPI rising by 66 points within the first 15 minutes of trading, supported by active participation and turnover exceeding LKR 400 Mn during the early session.
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Former Director of the National Institute of Education (NIE), I.G.S. Premathilaka, was today sentenced to six years of rigorous imprisonment by the Supreme Court after being found guilty of contempt of court in connection with the 2024 Grade 5 Scholarship Examination controversy.
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Vaibhav Sooryavanshi has earned his maiden India A call-up for the upcoming one-day tri-series in Sri Lanka, which will also feature Afghanistan. This continues the 15-year-old’s rapid rise in top-flight cricket, after the Rajasthan Royals batter became an IPL sensation last year, and was India Under-19s’ highest run-getter in the World Cup earlier this year. In the Under-19 World Cup final, he smashed 175 off 80 balls to set up India’s title win
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Colombo Chief Magistrate Asanga S. Bodaragama today observed that the Criminal Investigation Department should arrest and produce before the court if any senior officials of the National Development Bank (NDB) have aided and abetted the fraudulent misappropriation of Rs. 13 billion from the bank’s general ledger account.
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The All Ceylon Medical Officers Association (ACMOA) has called for an investigation by the Investigation Division of the Health Ministry into four procurements carried out under the Health Information and Quality Improvement (HIQI) Project, implemented through the United Nations Office for Project Services, involving around Rs. 2.8–3.0 billion in grant funding.
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As US President Donald Trump’s visit to China drew global attention to Beijing and the image China projected during the high-profile trip, one unexpected moment at the airport quickly went viral online — a Chinese soldier standing guard beside the runway as Air Force One taxied past him without the slightest movement.
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Trade union representatives within the Excise Department have alleged that the Finance Ministry is preparing to award a tender for printing security labels on alcohol products to a company lacking international experience and qualifications.
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Belarus and Sri Lanka have agreed to open a new chapter in their bilateral relations following discussions between Sri Lankan Minister of Foreign Affairs, Foreign Employment, and Tourism Vijitha Herath and Belarusian President Alexander Lukashenko.
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Members of the Inter-University Students’ Federation (IUSF) staged a protest today (14), demanding that the controversial Malwana property allegedly linked to former Minister Basil Rajapaksa be handed over for public use, including for universities facing space shortages.
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The Ambassador of Japan to Sri Lanka, His Excellency ISOMATA Akio, has reiterated Japan’s commitment to supporting the modernisation of Sri Lanka’s fisheries sector through the introduction of advanced technology and innovation-driven development initiatives.
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A low-pressure area located northeast of Sri Lanka continues to persist but is expected to move away from the island within the next 48 hours, according to the latest weather analysis issued on the morning of May 14.
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The government’s primary objective is to create “smart citizens” capable of facing the challenges of the future world, Public Administration, Provincial Councils and Local Government Minister Prof. Chandana Abeyrathne said.
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Former SriLankan Airlines CEO Kapila Chandrasena’s suspicious death took place at the residence of Aravinda de Silva, where the CCTV cameras were operational, but the system had not been recording footage for a long period and no footage of the location where the death occurred had been captured by the CCTV system, the Colombo Crimes Division informed Colombo Fort Magistrate Pasan Amarasena today.
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Financial compensation amounting to Rs. 8.5 billion will be awarded to 1,898 employees retiring voluntarily under the Voluntary Retirement Scheme (VRS) of the Ceylon Electricity Board (CEB) as part of its ongoing restructuring process.
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The General Directorate of Investigation and Criminal Research at the Royal Oman Police, in cooperation with the National Central Bureaus of the Interpol, has foiled an attempt to transfer approximately $6.6 million through a local bank in Oman after investigations revealed the funds were linked to electronic fraud operations originating from an Asian country.
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The Indian Naval Ship INS Sunayna operating as IOS Sagar with a multinational crew from 16 countries is scheduled to arrive at the Port of Colombo tomorrow (15), marking its seventh port call during the second edition of the deployment.