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The Colombo Stock Exchange commenced the week on a weak note, with both benchmark indices closing sharply lower as investor sentiment remained subdued amid persistent geopolitical tensions in the Middle East and cautious positioning ahead of the upcoming quarterly earnings season. Retail-driven selling pressure dominated the session,
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President Anura Kumara Dissanayake said that a quality and accessible public transport system that benefits every individual must be developed, adding that such a system would reduce the personal financial burden borne by the public for transportation while ensuring a quality transport service across the country.
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Sri Lanka’s economic comeback has won praise from the creditors, multilaterals and investors. Yet, beneath the headline numbers is hidden a more uncomfortable question: Can the island nation create enough jobs, attract enough investment and remain competitive in an increasingly uncertain world?
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The Government of India has pledged to provide medical equipment worth approximately Rs. 600 million for the new Deniyaya Base Hospital, further strengthening healthcare services in the Matara District. The assistance forms part of the ’’Aftermath Cyclone Ditwah Project,’’ which supports the restoration of health infrastructure affected by environmental and geological risks following the cyclone.
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The Environment Ministry today officially launched a USD 38.2 million project supported by the Global Environment Facility (GEF) and the United Nations Development Programme (UNDP) to strengthen Sri Lanka’s chemical, mercury and healthcare waste management systems, while handing over advanced laboratory equipment to key institutions.
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The National Action Front (NAF) has requested the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to launch an investigation into the financial activities of companies providing satellite television services and solar panel installation services, alleging the possibility of money laundering through such businesses.
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A South Korean court sentenced former President Yoon Suk Yeol to two years in prison on Monday after finding him guilty of illegally receiving opinion polling services worth 270 million won ($179,800) for free from a political broker, local media said.
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The Marine Environment Protection Authority (MEPA) has launched the ’’Ocean Watch’’ web-based mobile application as part of the government’s digitalization policy to improve waste management along Sri Lanka’s coastline and in fishing harbours.
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The Women Parliamentarians’ Caucus has called for urgent policy and legal reforms to ensure that women receive greater representation in Sri Lanka’s Provincial Council and Local Government elections, proposing that female representation be increased to a minimum of 33%.
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More than four months after the United States and Israel launched military operations against Iran, the fragile peace agreement that halted more than 100 days of war is on the verge of collapse as Washington and Tehran exchange their heaviest attacks since signing a memorandum of understanding (MoU).
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Israel will hold national elections on October 27, the last date allowed by law, its parliament said on Sunday, with the vote widely seen as a referendum on Prime Minister Benjamin Netanyahu’s leadership since the Gaza war erupted.
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A large underground chamber, accidentally uncovered during a dengue prevention drive at a school in Gampola town, has turned out to be a garage and storage room belonging to a house located on the lower side of the elevated school premises.
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A writ petition filed by Ceylon Newspapers (Private) Limited seeking an order preventing the police from arresting its Chairman, former Public Security Minister Tiran Alles, as well as its directors and employees over an ongoing investigation into allegedly dishonoured cheques issued to a newsprint supplier, has been fixed for argument by the Court of Appeal.