Australia's foreign minister has suggested the country could recognise Palestinian statehood, to increase momentum towards peace.

Sri Lanka state banks are to undergo comprehensive reforms in the areas of administration, risk management and supervision due to challenges faced during past economic crises.

The government is considering the lifting of the ban on the importation of vehicles if the country's economy improves by next year, Finance State Minister Ranjith Siyambalapitiya said.

A Parliamentary Committee has revealed that CCTV camera equipment that had been purchased at a cost of Rs. 2.1 million to be fixed at the internal premises of the Immigration and Emigration head office had been stored for six years without being fixed.

Despite the winter season coming to a close, Sri Lanka Tourism experienced an impressive surge in arrivals, with over 39,000 visitors recorded during the first week of April.

A group of older Swiss women have won the first ever climate case victory in the European Court of Human Rights.

The trial of 27 people charged in connection with the Panama Papers money laundering scandal has started in a Panamanian criminal court.

The leaders of Egypt, France and Jordan have warned Israel an offensive against Gaza's southern city of Rafah would have "dangerous consequences".

Given the current favourable macroeconomic headwinds and economic resurgence, Sri Lanka is optimistic about finalising debt-restructuring talks in London with international creditors and entering into an agreement on the US$12 billion debt re-work proposal, a senior Finance Ministry official said.

Sri Lanka’s budget for the first time in history is set for a complete overhaul, covering the entire government sector to ensure full transparency of fiscal planning and other policy interventions, Finance Ministry sources said.

The government is venturing into public private partnership with suitable foreign investors for the manufacture of phosphate fertiliser making use of the Eppawala rock phosphate deposit in the North Central Province, Agriculture Minister Mahinda Amaraweera said.

Softlogic Life has launched ‘Annual Report Analyser’, Sri Lanka’s first AI-powered tool that analyses and interprets information from its annual report titled ‘Bigger, Better, Bolder’.

Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing US $1 billion in earnings during the first quarter of 2024, Tourism Minister Harin Fernando disclosed.

United Republican Front (URF) leader Patali Champika Ranawaka said Sri Lanka defaulted on a payment of USD 6 billion starting from April 2022 when the country announced bankruptcy.

Sri Lanka’s tourism sector is expecting a multiplier effect across all key source markets following United Kingdom’s recent update on the travel advisory for Sri Lanka, which will immediately result in a significant boost in tourist arrivals in the upcoming summer season.

The US has expressed support for Sri Lanka's security and sovereignty and its ongoing efforts to complete the fiscal, monetary, and governance elements of its IMF bailout programme.

More than 90 people have died after a ferry sank off the north coast of Mozambique, local authorities say.

A new drone attack on Ukraine's Zaporizhzhia power plant has raised the risk of a "major nuclear accident", the UN's atomic watchdog has warned.

Wide Angle

By Rohana Jith

For more than 50 years, the hippy neighbourhood of Christiania has been a haven of counter-culture, in the very heart of the Danish capital Copenhagen.