The local wheat flour suppliers are facing allegations of reaping substantial undue profits in billions of rupees following a government-imposed ban on unlicensed wheat flour imports, as revealed during a recent meeting of the Committee on Public Finance (COPF).
Dr. Ajith Mendis has been appointed as the new Chairman of the State Pharmaceuticals Corporation by Health Minister Keheliya Rambukwella.
The Government has decided to establish a new Department for Cinnamon Development amidst considerations, recognising the valuable contribution of the export crop to boost foreign exchange earnings.
Sri Lanka Ports Development Authority (SLPA) is set to raise tariffs in accordance with the government’s revenue enhancement and administration reforms, official sources divulged.
Hambantota Oil Refinery investment project agreement with a Singapore company has been terminated due to the failure to kick start the project even after over three years, Cabinet office announced.
An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan programme, a spokesperson said on Tuesday.
Recovery crews combing through homes and vehicles burned to a cinder in Hawaii are likely to find 10 to 20 more victims per day, the governor has warned.
At least 27 people have been killed in an explosion and fire at a petrol station in Dagestan in southern Russia.
Sri Lanka may have to bring down specialist doctors from overseas in the next couple of years if the specialist doctors continue to leave the country, a medical specialist said yesterday.
Sri Lanka Telecom has suffered a net loss of Rs. 2.1 billion at Group level in the second quarter of FY23 as against a profit of Rs. 1.96 billion a year ago.
The Consumer Affairs Authority has successfully collected over Rs. 132.6 million through raids conducted during the first half of the year.
While revealing that the total value of non-performing loans of all 30 banks functioning in Sri Lanka currently is Rs 1.4 trillion, the State Minister of Finance Ranjith Siyambalapitiya assured that steps would safeguard the economy.
The National Housing Development Authority (NHDA) has launched a project, together with the Sri Lanka Bureau of Foreign Employment (SLBE), to construct houses for Sri Lankan nationals working abroad.
For those still living inside Hawaii's disaster zone on the western side of the island of Maui, there's one vital lifeline to the outside world: volunteer effort.
Ninety-three people have been confirmed killed in the Maui fire that razed the historic town of Lahaina, marking the most deadly US fire in a century.
Plans are underway to sell 82 acre Nuwara Eliya Racecourse to a leading sports club as its present management is not in a position to spend a colossal sum of money for upkeep work.