Hyundai Motor Company, the world’s sixth largest automobile manufacturer and a leader in future mobility has entered into an agreement with Sri Lanka’s Abans Auto, authorizing the reputed local automotive retailer to assemble and manufacture Hyundai automobiles and components under license in Sri Lanka.

Sri Lanka’s ruling party has asked the country’s new president to provide security and other assistance for his predecessor who fled to Southeast Asia last month after protests flared amid a crippling economic crisis, an official said on Thursday.

The Australian government will lift emergency aid to Sri Lanka to AU$ 75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia.

Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.

Wasantha Mudalige, the Convener of the Inter-University Student’s Federation (IUSF) has been arrested by the Police.

Police fired tear gas and water cannon to disperse the Inter-University Student Federation (IUSF) protest march at Slave Island a short while ago.

Sri Lanka’s negotiations with the International Monetary Fund (IMF) is making good progress and that an IMF delegation is expected to visit Sri Lanka by the end of August to reach a staff-level agreement, Central Bank Governor Dr. Nandalal Weerasinghe said.

Former Sri Lankan Minister Mervyn Silva was arrested by the Criminal Investigations Department (CID) today (August 18).

Former Sri Lankan President Gotabaya Rajapaksa who fled the country last month amidst public protests calling for his resignation, is awaiting to obtain a US Green Card to return back to the United States and settle there with his wife and son.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively.

Sri Lanka’s National Security demands greater attention than during the history of the country ever since independence, the Defence Secretary General Kamal Gunaratne said on Wednesday (August 17).

Laugfs Gas has decided to reduce the domestic LP gas prices with effect from midnight today (August 17).

Former Sri Lanka President Gotabaya Rajapaksa will return to Sri Lanka on August 24, says former Ambassador of Sri Lanka to Russia Udayanga Weeratunga.

Adani Green Energy Ltd. was issued provisional approvals for an investment of over $500 million in two wind projects in Sri Lanka, Power and Energy Minister Kanchana Wijesekera said.

A 60-year-old Polish national who was in possession of a stock of cocaine valued near Rs. 245 million arrested by the Narcotics Control Unit of Sri Lanka Customs at the Bandaranaike International Airport (BIA).