The Asian Development Bank (ADB) has promised a loan of US $ three billion to Sri Lanka for infrastructure development.

Prices of rice, fried rice, biriyani and kottu had been increased by Rs. 10 with immediate effect following the recent VAT increase

Users of Automatic Teller Machines (ATMs) have been warned by Police to be vigilant as a foreign gang is attempting to steal money from their credit and debit cards.

United Nations human rights experts on Saturday urged Sri Lanka, which is under scrutiny for its human rights record during the 26-year Tamil insurgency, to implement judicial reforms to speed up prosecutions.

Sri Lanka’s junior finance minister has asked President Maithripala Sirisene to stop officials flying business class as part of government efforts to reduce the country’s ballooning budget deficit.

“Japanese vehicle imports to the country will be suspended for six months due to the present currency fluctuations, Vehicle Importers’ Association of Sri Lanka (VIASL) president Indika Sampath Merenchige said.

State Minister of Defence Ruwan Wijewardene said the government’s decision to withdraw the army from the former President Mahinda Rajapaksa’s security division and deploy only the police would not be changed under any circumstance.

Cabinet of Ministers has approved the proposal made by Minister of Finance Ravi Karunanayake to instruct the Legal Draftsman to redraft the Inland Revenue Act in par with international standards and improving clarity and transparency as proposed by the budget 2016.

RAJANGANAYA, Sri Lanka – In mid-April, at the same time of year as their families have done for generations, Sri Lanka’s paddy farmers started cultivating their rice fields.

Speaker Karu Jayasuriya yesterday informed the House that the Supreme Court had informed him that five sections of the Right to Information Bill were inconsistent with the provisions of the Constitution and a two thirds majority of Parliament was needed for the approval of the bill.

Fists flew in Sri Lanka’s parliament on Tuesday, leaving several members injured, the speaker said, as lawmakers supporting former president Mahinda Rajapaksa protested against a move to replace his military security guards with police.

Sri Lanka’s deal with the International Monetary Fund (IMF) may have averted a crisis, but the bailout may undermine a key source of strength: the country’s impressive economic growth rate.

Value Added Tax (VAT) increased to 15 percent, was operative from May 2, Finance Minister Ravi Karunanayake said.

The functions of the Police Media Unit has temporary been suspended by the IGP, the police said.

Former President Mahinda Rajapaksa’s military security has been removed from today and replaced by police security, MP Namal Rajapaksa says.