What is next in the treasury bond case after Supreme Court verdict?

The Supreme Court’s landmark ruling on Monday (1), which set aside a High Court-at-Bar order discharging several accused, including Perpetual Treasuries Ltd. and former Central Bank Governor Arjuna Mahendran, from charges

Sri Lanka must stop fearing investment

A friend of mine in Bengaluru recently made a remark that stayed with me.

Rare flying object creates panic among some people in Puttalam

A brilliant object flying across the sky over the Puttalam town in the early hours of yesterday morning caused much panic, and the people dashed out of their homes to catch a glimpse. Several of them have been able to take photos of it.

IMF should ensure that monies lent to SL are utilised for proper purposes: GL

The Joint Opposition said yesterday that the International Monetary Fund (IMF) had a responsibility to ensure its monies lent to Sri Lanka are utilised for proper purposes.

Treasury bond case back on track after Supreme Court ruling

The Supreme Court yesterday set aside a High Court-at-Bar order that had discharged several accused including including Perpetual Treasuries Ltd., former Central Bank Governor Arjuna Mahendran from key charges in the Central Bank Treasury bond issuance case and ruled that a company can be prosecuted under the Offences Against Public Property Act.

E-passport tender cancelled with immediate effect

The government has decided to cancel the procurement process for the controversial e-passport project with immediate effect, former Minister and current Member of Parliament Ajith Perera said.

TikTok row turns deadly: 14-year-old boy arrested over death of younger sister in Eravur

Broaden tax base without counting too much on motor vehicle import duties: IMF

Cardinal calls for rethinking open economic policies and IMF programme

Archbishop of Colombo, Cardinal Malcolm Ranjith, has urged the government to reconsider the country’s open economic policies and reassess its engagement with the International Monetary Fund (IMF).

Vested interests behind move to setting up of a Dhammadhikaranaya: UNP

The United National Party (UNP) yesterday alleged that the government is trying to fulfil vested interests by its proposal to amend the Buddhist Temporalities Ordinance of 1931 and by setting up a sanga court.

Colombo port expansion plans gather pace with US$ 2Bn pipeline

​The Sri Lanka Ports Authority (SLPA) has unveiled an ambitious investment pipeline reaching up to US$ 2 billion over the next one to three years, aimed at transforming the country’s maritime and logistics sector.

American crude arrives in SL for the first time

A stock of American crude oil arrived in the country for the first time yesterday, steadying the fuel supply despite a possible price hike expected soon, an official said yesterday.

Force may be used against those evading checkpoints, says Police

Sri Lanka Police have urged the public to fully cooperate with law enforcement officers during vehicle inspections and residential searches, warning that attempts to evade police checkpoints or obstruct official duties could result in legal action and the use of necessary police force.

7-year-old boy Wanted to see parents in Colombo found alone at Hatton bus stand

A seven-year-old schoolboy who had reportedly planned to travel alone to Colombo to meet his parents was rescued by police after being found waiting at the Hatton bus stand.

Over 5000 unprotected children in Anuradhapura

A recent survey has revealed 5780 children in the Anuradhapura district are vulnerable to sexual harassment or rape. DIG North Central Province T.B.Sugathapala told the meeting of the District Coordinating Committee that they are underage children less than 16 years of age.

Amnesty International Report reveals ‘serious labor abuses’ endured by Malaiyaha Tamil workers in private tea estates

A new report launched by Amnesty International found that members of the Malaiyaha Tamil community in Sri Lanka’s Southern Province suffered multiple and widespread forms of abuse including intimidation and threats, physical violence, debt bondage, restrictions on movement and poor working and living conditions.

Why a simple “Digital Nomad Visa” might create more demand for the rupee than a million kilos of export goods

For the last several years, Sri Lanka’s economic orthodoxy has failed. We continue to export the same basket of goods tea, rubber, coconut that financed the 19th century. From the 1980s to the present day, we added garments.

20-day-old infant allegedly sold for Rs. 100,000; mother and woman arrested

A 25-year-old mother accused of selling her 20-day-old infant for Rs. 100,000, along with a woman alleged to have bought the baby were arrested by officers attached to the Puttalam Divisional Crime Investigation Unit, the Sri Lanka Police said.

Southwest Monsoon expected to lose vigour next month : Meteorology Department

Confirming the forecast made by some metrological authorities in a few countries in the region including India and Myanmar, the Department of Meteorology here yesterday said dry weather could be expected next month as the Southwest Monsoon is expected to lose its vigour.

Sri Lanka’s honey industry stung by bitter shortfalls

Sri Lanka produces only around 50 metric tonnes of bees honey annually, far short of the national requirement of nearly 200 metric tonnes, according to P. Sisira Kumara, Director of Extension and Training at the Department of Agriculture.

US $ 2.5 million cyber theft: Australian Federal Police in Aussie mission helping SL police

The Australian Federal Police (AFP) officers based in the Australian High Commission are currently assisting the Sri Lanka Police in their investigations into the cyber theft of US $ 2.5 million meant for payment to the Australian Government as part of debt servicing, an official said .

Southwest Monsoon expected to lose vigour next month : Meteorology Department

Confirming the forecast made by some metrological authorities in a few countries in the region including India and Myanmar, the Department of Meteorology here yesterday said dry weather could be expected next month as the Southwest Monsoon is expected to lose its vigour.

US $ 2.5 million cyber theft: Australian Federal Police in Aussie mission helping SL police

The Australian Federal Police (AFP) officers based in the Australian High Commission are currently assisting the Sri Lanka Police in their investigations into the cyber theft of US $ 2.5 million meant for payment to the Australian Government as part of debt servicing, an official said .

Sri Lanka’s honey industry stung by bitter shortfalls

Sri Lanka produces only around 50 metric tonnes of bees honey annually, far short of the national requirement of nearly 200 metric tonnes, according to P. Sisira Kumara, Director of Extension and Training at the Department of Agriculture.

Ebola triggers heightened vigilance in Sri Lanka

The ongoing Ebola outbreak in parts of Central and East Africa is raising serious global health concerns, with fears that the spread may be wider than currently detected.

Opposition MP says President sought RW’s support for economic stability

Referring to what has been taking place behind the scene during the past few weeks, opposition MP Chamara Sampath Dassanayake yesterday said that he has been told that President Anura Kumara Dissanayake had sought the assistance of former President Ranil Wickremesinghe and a few others to stabilise the economy.

Police tighten noose on organised crime with 226 Red Notices

Sri Lanka has widened its international manhunt, securing 226 Interpol Red Notices targeting suspects believed in hiding across multiple countries, including the UAE, India, Russia, Malaysia, and Thailand.

Tough action against traders exploiting rupee depreciation: Wasantha Samarasinghe

The Consumer Affairs Authority (CAA) will crack down on traders who unreasonably hike the prices of essential goods to profit from the fluctuating market, Minister of Trade Wasantha Samarasinghe said.

Ven. Hemarathana Thera released on bail

Atamasthanadipathi Ven. Pallegama Hemarathana Thera who had been remanded on suspicion of the rape of an underage girl and the girl’s mother who is alleged to have aided and abetted the crime were

Principal arrested for assaulting two students, develops heart trouble in police cell

A principal of a school in the Hidogama area of the Anuradhapura district had been arrested on suspicion of his alleged assault on two underage students causing them serious injuries, Police said the two 15 year