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India has raised petrol and diesel prices for the first time in four years by 3 rupees ($0.03) per litre, or more than 3%, according to retailers in Delhi on Friday, to recoup some of the losses incurred due to higher global crude oil prices.
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Vegetable prices are expected to increase in the coming days as adverse weather conditions continue to disrupt supplies across the country, while the Department of Meteorology yesterday warned that the prevailing rainy conditions are likely to persist for several more days.
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Claiming that more than 100 incidents of illegal archaeological excavations have been reported so far this year, Director General of Archaeology Senarath Wickramasinghe said yesterday most of the illegal excavations are driven by myths of buried treasure.
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Sri Lanka’s businesses and households borrowed at one of the fastest monthly paces on record in March, even as the economy began showing signs of fresh stress from the Iran war, raising questions over whether firms were rushing to secure loans before borrowing costs climbed further.
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The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter.
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The renewed trend of young doctors migrating abroad instead of serving in Sri Lanka is creating growing challenges in maintaining healthcare services across both major and rural hospitals, National Professional and Civil Front Chairman, specialist Dr. Chamal Sanjeewa said.
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U.S. President Donald Trump said his patience with Iran was running out after he discussed the costly and unpopular war with Chinese President Xi Jinping on Thursday and a ship was reported seized by Iranian personnel off the United Arab Emirates.
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Sri Lanka’s banking sector is now facing one of the gravest crises of public confidence in recent memory. The unfolding fraud scandal at a private Bank branch in Kandy Bank recently together with the reported disappearance of nearly USD 40 million from National Development Bank, has exposed alarming weaknesses in governance, supervision, internal controls, and regulatory accountability.
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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.