In the wake of irregularities and complaints of haressing poor creditors, the government is to regulate 15,000 microfinance institutions that are illegally operating in the country.

Ports, Shipping and Aviation Minister Nimal Siripala de Silva said the Government has enlisted the expertise of an international consultant, who will bring valuable insights and best practices to guide the restructuring efforts of the national carrier, SriLankan Airlines.

The Supreme Court has been directed that university hostels be checked at night to prevent incidents of ragging in hostels, Higher Education State Minister Suren Raghavan said.

Presidential Chief of Staff and Security Advisor to President Sagala Ratnayaka yesterday emphasized the need for fostering shared interests in the Indian Ocean region, sparking international interest and support for regional cooperation.

Some tourist hotels in Akuressa in Matara District have been flooded affecting the tourism industry.

While calling for assistance in facilitating the return of Israelis, including tourists and employees in Sri Lanka to Israel, the President had directed police to provide necessary security to the Israelis within Sri Lanka, the President's Media Division (PMD) said

Israel’s defense minister said the authorities would block deliveries of food, water and fuel into the already blockaded enclave. A spokesman for Hamas’s military wing threatened to execute a hostage each time an Israeli airstrike hits Gazans in their homes.

Govt moves to change parliamentary electoral system

The government has moved to change the parliamentary electoral system triggering fears in political circles whether it is yet another attempt to postpone the national elections including the Presidential Election pending next year, Daily Mirror learns.

The Central Bank revealed that they anticipate the completion of the International Monetary Fund (IMF) first review by the end of this month with approval from its Board in November, with the subsequent process of debt restructuring in tandem with

The Central Bank has inked an agreement with the Government to uphold a 5% inflation rate, with a permissible 2 percent variation.

The officials of the National Medicines Regulatory Authority were accused of obstructing the duties of the Auditor General and failing to provide documentation requested by him at the sitting of the Committee on Public Enterprises (CoPE) in parliament recently.

Sri Lanka’s tourism sector has surged ahead in 2023, with earnings totalling nearly $ 1.5 billion in the first nine months of the year, alongside a notable influx of over 1.01 million visitors.

The Central Bank, the sole regulator of banks and financial institutions, is in the dark relating to a decision taken to restructure six state banks as indicated in a list issued by State Owned Enterprise Restructuring Unit (SRU) to the media, Central Bank (CB) Governor Nandalal Weerasighe proclaimed

The Central Bank, the sole regulator of banks and financial institutions, is in the dark relating to a decision taken to restructure six state banks as indicated in a list issued by State Owned Enterprise Restructuring Unit (SRU) to the media, Central Bank (CB) Governor Nandalal Weerasighe proclaimed

A "significant number" of Israeli civilians and soldiers are being held hostage by Palestinian militant group Hamas in the Gaza Strip, the Israeli military says.

The new system for issuing motor vehicle revenue licenses will be implemented from today (7), the Department of Motor Traffic (DMT) said.

The new system for issuing motor vehicle revenue licenses will be implemented from today (7), the Department of Motor Traffic (DMT) said.

Sri Lanka’s motor traders have raised serious concerns on the government’s decision to impose a zero customs tariff on the CIF value to import electric vehicles with power up to 500 kW or Plugin Hybrid Electric Vehicles (PEHV) up to 3000CC in semi-knockdown (SKD) form for local assembly.

A London court has thrown out a 145m euros (£126m) legal case brought by a former lover of the ex-king of Spain.

The Central Bank Governor Nandalal Weerasinghe revealed yesterday that they anticipate the completion of the International Monetary Fund (IMF) first review by the end of this month with approval from its Board in November, with the subsequent process of debt restructuring in tandem with these efforts.