The Sri Lanka Government has decided to take over the stocks of sugar already imported under the previous levy of 25 cents per kg and sell it through Lanka Sathosa, supermarkets and cooperative outlets at a price of Rs. 275 per kg within a month.

Rising gold-backed lending among Sri Lanka’s finance and leasing companies (FLC) sector is exposing financiers to higher collateral price risk and making them more susceptible to any adverse movements in gold prices, says Fitch Ratings.

Director of the Medical Supplies Division of the Ministry of Health, Dr. Kapila Wickramanayaka and three others were arrested by the Criminal Investigation Department (CID) over the alleged importing of substandard Immunoglobulin vials, police said.

Sri Lanka Government held a discussion with Asian Development Bank (ADB) on upcoming water supply sector reform program in Sri Lanka which will be implemented with the financial assistance of the ADB.

Sri Lanka Government’s revenue in the first eight months saw a robust 43.5 percent increase.

Administrator of the United States Agency for International Development (USAID) Samantha Power told Sri Lanka President Ranil Wickremesinghe that Joe Biden’s administration greatly values its partnership with Sri Lanka.

The Sri Lankan government has released 22 fishermen hailing from Rameswaram in Tamil Nadu, who were detained on November 18 by the Navy personnel on charges of poaching.

A Chinese delegation including State Councilor Shen Yiqin arrived in Sri Lanka on an official visit on Saturday (November 18).

Sri Lanka expects to receive the second installment of the loan provided under the Extended Fund Facility (EFF) of the International Monetary Fund (IMF) in December, 2023.

Opposition Leader Sajith Premadasa today revealed that Sri Lanka Cricket (SLC) president Shammi Silva had sent a letter to the International Cricket Council (ICC) alleging that the Sports Ministry had made undue interferences in its activities and claimed that this had paved the way for the ICC ban on Sri Lanka Cricket.

Sri Lanka will call for expressions of interest (EOI) in setting up nuclear power plants, its energy minister said on Friday, as it seeks cheap electricity to support its economic recovery.

The Unit 2 generator of Lakvijaya Power Plant in Norochcholai is inoperative from Friday night (November 17) due to the high-pressure heater system of the generating unit having suffered an emergency breakdown, the Ceylon Electricity Board (CEB) says.

Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors a key sticking point with countries like India paving the way for more loans from the International Monetary Fund.

Sri Lanka President Ranil Wickremesinghe on Thursday (November 16) announced the implementation of the “English for All” program in all schools and universities across the country by 2030.