Two suspects have been arrested by the Katunayake Bandaranaike International Airport (BIA) Police for stealing 14 gemstones from the high-speed mail bags brought to the airport by the Colombo Central Mail Exchange to be sent on a flight scheduled to travel from BIA to Sydney, Australia.
The Bank of Ceylon said yesterday it reported Rs. 3.3 billion of Profit before Tax (PBT) for the three-month period ended 31 March amidst the unprecedented challenges continued to prevail from previous year.
Donald Trump's former lawyer Rudy Giuliani is being sued for sexual harassment by an ex-employee.
The $10m (£8m) civil case claims he coerced her into sex acts, making her work naked, and launched into "alcohol-drenched" and racist rants at work.
A long-awaited report has strongly criticised the FBI's handling of its investigation into alleged ties between Russia and the 2016 Trump campaign.
But Minister assures no power cuts
Minister of Power and Energy Kanchana Wijesekara says the Norochcholai Power Plant’s Unit 3 will be shut down for 100 days, from 13 June, for scheduled maintenance.
CPC, CEB need to recover costs until end of Fund’s loan package
The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday.
China and India remain leading investors in the Rwandan economy despite the country investing millions of dollars in investment and tourism promotion in Western Europe.
While the ratio of firms that have set decarbonisation goals has risen to 44 per cent from 36, only 17 per cent of their objectives align with global climate ambitions
Significant gap remains between listed firms' climate commitments and their carbon emissions according to MSCI's Net-Zero Tracker, says analyst Sylvain Vanston
A Financial Sector Support Fund to ensure macro-stability has been proposed as one of the key solutions for for foreign reserve depletion.
The Australian Government has announced that it will gift a former Royal Australian Air Force Beechcraft KA350 King Air aircraft (registration A32-673) to the Sri Lankan Government. The aircraft will be used to enhance Sri Lanka’s sovereign aerial maritime surveillance capability.
A staff team of the International Monetary Fund (IMF) now in Sri Lanka is currently holding talks with government’s key fiscal and monetary officials directly involved in IMF procedures, Finance Ministry sources confirmed.
Sri Lanka’s remittances from official channels rose to 454 million US dollars in April 2023, up 82.9 percent from a year earlier, as more expatriates use formal banking network to send their earnings, central bank revealed.
A new law to reform the power sector envisages wiping the Ceylon Electricity Board’s (CEB) colossal debt off its balance sheet and transferring it to a “special purpose vehicle” (SPV) which will be held by the Treasury, authoritative sources said.
Process to begin in two months and be completed by year’s end
The Finance Ministry has identified 430 state institutions, both loss- and profit-making institutions, for the proposed restructuring process.