India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting interest from more countries.

Two multi-day fishing craft were intercepted with more than 200 kg of heroin and crystal methamphetamine (commonly known as ‘Ice’)  by the navy off the Southern seas on Wednesday (December 14).

Thilini Priyamali, Owner of Thico Group Private Ltd who was remanded in connection with alleged financial fraud incidents, was released on bail by Colombo Fort Magistrate Thilina Gamage today (December 16).

President Ranil Wickremesinghe said that hunger has no party or colour and that everyone should come together to make the food security program a success in order to face the future food shortage as a strong country.

The operations of the Sapugaskanda Oil Refinery will resume today (December 16) after receiving another 90,000 MT of crude oil for refining at the facility.

52-year-old businessman Dinesh Schaffter, who was found tied inside a car at the Borella General Cemetery with serious injuries this evening (December 15), has died while receiving treatment at the ICU of National Hospital in Colombo.

Sri Lanka’s economy shrank 11.8% in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades.

The overseas travel ban currently imposed on Samagi Jana Balawegaya (SJB) MP Diana Gamagae has been temporarily lifted by the Colombo Chief Magistrate’s Court today (December 15).

A new alliance has been formed and it will be unveiled in January and future political activities will be conducted under the new alliance, Chairman of the Sri Lanka Freedom Party (SLFP) former Sri Lankan President Maithripala Sirisena said.

The compulsory retirement age of medical consultants, government medical officers, dental surgeons and registered medical officers of the government has been revised.

Social media activist Dilan Senanayake was admitted to the Colombo South Teaching Hospital after being attacked by two people with a sharp weapon Wednesday night (December 14).

Sri Lanka is expecting loans of up to $5 billion next year from multilateral agencies besides a deal with the IMF, the foreign minister told Reuters, adding that the government could raise up to $3 billion through the restructuring of state assets.

The World Food Program (WFP) Executive Board approved Sri Lanka’s Country Strategic Plan (CSP) for the period between 2023 and December 2027 valued at USD 74.87 million.

Following directives by Public Utilities Commission of Sri Lanka (PUCSL), the Ceylon Electricity Board (CEB) directors and trade unions (TUs) have agreed to sacrifice their bonuses for the year 2022.

Sri Lankan President Ranil Wickremesinghe said that new laws are expected to be introduced in the future to ensure food security and plans are being made to present the related bills to parliament soon.

The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka’s $2.9 billion bailout before year-end, a key step required for the embattled country to receive funding, two sources familiar with the matter said.