Private sector borrowing continues downward trend
Private sector borrowing from the banking sector continued its dip in April amidst the prevalent high interest rate regime and contraction in the economy.
Select committee to look into economic crisis Terms of Reference to be changed
Government is to call for the amendment to the resolution to change the Terms of Reference of the already adopted resolution to appoint a select committee to probe as to who is responsible for the current financial crisis in Parliament this week.
Millennium City Case against ASP Kulasiri Udugampola fixed for defence evidence
The AG had filed indictments against the accused for raiding a safe-house used by Army intelligence personnel
Several opposition parties decide to oppose proposed Broadcasting Authority Bill
Several political parties including the Samagi Jana Balawegaya and the group led by MP G.L. Peiris today decided to oppose the proposed new Broadcasting Authority Bill.
India train disaster: Signal fault the likely cause, minister says
India's railway minister has suggested a signal fault led to the Odisha rail disaster, with a "change in electronic interlocking" the likely cause.
Russia says it thwarted major Ukrainian offensive
Russia's defence ministry says it has thwarted a major Ukrainian offensive and killed 250 Ukrainian troops.
LRT Project: Japanese embassy says Project loans depend on debt restructuring
In response to a query about the restart of the Japan-financed Light Rail Transit (LRT) project, the Japanese embassy in Colombo said the resumption of loan projects and the launch of a new loan project will depend on the progress of the debt restructuring process.
No single political party commands majority voter base, despite cross-party collaboration in Parliament: RW
President Ranil Wickremesinghe said although all political parties in Parliament are united, none of them currently possess a 50% voter base.
Three state bank employees arrested for stealing pawned gold jewellery
The Criminal Investigation Department (CID) has arrested three employees of a state bank in Oddamavadi for stealing pawned gold jewellery to the tune of LKR 20 million.
Airport and Aviation Ltd continues unabated making profits
Recent reports have revealed that Airport and Aviation Services (Sri Lanka) (AASL), responsible for the management of the airports in Sri Lanka, recorded a total profit of Rs. 27,647 million for the year 2022.
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Merchandise trade account narrows to USD 583 Mn
The deficit in the merchandise trade account narrowed to US dollars 583 million in April 2023, from US dollars 728 million recorded in April 2022 due to a larger decline in imports, compared to the decline in exports.
Major train accident in India's Odisha; at least 50 reported dead
Dhaka, June 2 -- At least 179 people were injured when a passenger train hit the derailed coaches of another train in Balasore in India's Odisha state this evening. Many are feared trapped, reports NDTV.
Transit passenger falls to death from plane stairs
An Indian national an air passenger who had come to travel via Sri Lanka to Canada has died after falling from the plane while disembarking at the Bandaranaike International Airport in Katunayake.
Former Finance Minister Ravi K lauds President’s SOE reform plan
The government has already initiated the preparation of a restructuring plan for public enterprises President Ranil Wickremasinghe revealed make a clear policy announcement to the nation recently that the state authorities are serious about long-term economic reform.