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In the wake of President Anura Kumara Dissanayake’s revelation that Sri Lanka lost nearly US$ 1 billion in foreign exchange due to fraud involving the banking system, Parliament’s Committee on Public Finance (COPF) is set to question Central Bank officials next week, an official said.
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A Senior Assistant Secretary attached to the Parliamentary and Cabinet Division of the Presidential Secretariat was arrested for allegedly forging a passport under another individual’s name to assist an organized criminal in fleeing the country.
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At least 40 passengers sustained injuries when a Sri Lanka Transport Board (SLTB) bus veered off the road and plunged into a 20-foot precipice near the Diyatalawa railway station. The bus was en route from Colombo to Badulla when the accident occurred.
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Sri Lanka kept their ICC Women’s T20 World Cup semi-final hopes alive after Chamari Athapaththu’s explosive start laid the foundation for a thrilling three-wicket victory over Scotland in their final Group 2 match at Old Trafford on Friday.
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The Colombo Stock Exchange (CSE) will begin restricting transactions on dormant securities accounts from next week, under a new investor protection framework, aimed at reducing fraud risks and strengthening oversight of long-inactive holdings.
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The authorities are stepping up efforts to position its traditional handloom industry as a higher-value export sector, with a renewed focus on innovation, product development and branding, to capture the growing global demand for sustainable and ethically produced textiles.
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A multi-vehicle collision involving five vehicles occurred on the Southern Expressway today near the 31st kilometer post between the Galanigama and Dodangoda interchanges, causing significant traffic congestion.
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Captain Dhruv Jurel’s unbeaten 141 powered India A to a commanding 452 for 6 declared before the visitors struck twice to leave Sri Lanka A on 113 for 2 at stumps on a rain-hit second day of the first unofficial Test in Galle.
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Sri Lanka Cricket is at the threshold of winning the battle for change as the much awaited new Constitution is being put through the finishing touches before it goes to Parliament for approval and the government’s Transformation Committee able to declare its mission is over.
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A total of 96 organised crime suspects wanted under Interpol Red Notices remain in hiding overseas, with Sri Lankan authorities continuing efforts to bring them back to the country, said Public Security Minister Anand Wijepala.
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The Bar Association of Sri Lanka (BASL) has clarified that it neither authorised any Attorney-at-Law to make representations on its behalf nor decided to intervene on behalf of Attorney-at-Law Rakitha Rajapakshe during yesterday’s proceedings before the Colombo Chief Magistrate’s Court.
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The Government has encouraged Small and Medium-sized Enterprises (SMEs) with annual turnovers below the mandatory Value Added Tax (VAT) registration threshold of Rs. 60 million to register voluntarily, highlighting the benefits of doing so.