News

Modelled on popular ‘Millionaire’ account, new plan enables savings of 10,000 upwards in four currencies in 3 to 5 years The Commercial Bank of Ceylon has announced the launch of a unique investment plan that enables Sri Lankans earning foreign...

The Colombo South team secured the championship of the Prima Under-15 Sri Lanka Youth League (SLYL) inter-district and inter-provincial tournament organized and structured by the Sri Lanka Cricket National Talent Pathway programme with the objective of identifying youth cricketers with...

‘Project Summit’ Program’s first batch of budding engineers completes their training Sysco LABS Sri Lanka’s ‘Project Summit’ program recently celebrated the completion of training of its first batch of engineers. ‘Project Summit’ was launched in May this year to inspire...

Recently, we published a video posted by Chirantha Amarasinghe, a social activist. In his video he disclosed about a group of thugs who followed him. He had submitted a complaint about it to the authorities. But since the suspects involved...

Not long ago, the island nation was an economic success story. With stunning swiftness, it’s become a cautionary tale of corruption and financial fragility. By Matthew Campbell The central highlands of Sri Lanka are tea country. Lush plantations climb the...

United States Agency for International Development (USAID) administrator Samantha Power yesterday emphasised that political reforms need to accompany economic reforms in Sri Lanka. USAID Spokesperson Jessica Jennings said Samantha Power met with Sri Lanka’s Foreign Minister Ali Sabry yesterday to...

FitchRatings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has...

“Drugs can enter schools in different ways like drugged toffee, drugged chocolate, drugged lollipops and tablets. This is why it is very important that parents are constantly informed about this and the consequences of using them…." said Ms. Renuka Jayasundara,...

Lankadeepa newspaper reported today that a 74-year-old elderly mother in Aranayaka area committed suicide because she could not bear the economic difficulties at home. The newspaper says that the woman who died is a resident of Bossella Kalugala in Aranayaka...

Sri Lanka is once again planning to increase electricity tariffs, and multiple factions have warned that the country is likely to face a serious electricity crisis. The main reason for the crisis is the issue surrounding the procurement of coal...