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The Central Bank of Sri Lanka (CBSL) has stated that it is seeing an improvement in the country's inflation situation and that it may not be as severe as previously predicted. CBSL Governor Dr. Nandalal Weerasinghe stated yesterday (22) in...

The Central Bank of Sri Lanka (CBSL) is investigating bank recapitalisation plans in the event of rising Non-Performing Loans (NPLs), with the economy expected to contract by 8% in 2022, according to CBSL Governor Dr. Nandalal Weerasinghe. The CBSL Governor...

The National Water Supply and Drainage Board (NWSDB) has officially informed Speaker of the Parliament Mahinda Yapa Abeywardana about the water bill arrears of high-ranking officials (VIPs). NWSDB Assistant General Manager Piyal Pathmanatha told the media that a letter requesting a...

The UK High Commission in Colombo says it is concerned about the reported use of the Prevention of Terrorism Act. It added that the PTA is seen as inconsistent with respect for human rights.  UK urges authorities to stand by...

Following discussions between university vice-chancellors and the University Grant Commission (UGC), a decision has been taken to re-open all universities in September, UGC Chairman Prof. Sampath Amaratunga said. He said the decision was taken by the UGC. Accordingly, all academic...

The European Union (EU) representatives in Sri Lanka expressed concern about reports on the use of the Prevention of Terrorism Act in the recent arrests. The EU said in a twitter post "Concerned about reports on the use of the...

But rich in love, the cry for mercy!Overflowing love of a father to his children!The social injustice! Life is a wonderful thing. We now hear and see good news. This story is just one aspect of society. There are countless...

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 66.7% in July 2022 from 58.9% in June 2022. This increase in Yo-Y inflation was mainly driven by the monthly increases...

Former Sri Lankan cricketer and cricket captain Sanath Jayasooriya has issued a twitter message denouncing the recent spate of arrests prevalent in the country. Sanath says that the implementation of this type of action by the authorities takes the recovering...

Today, petroleum corporation employees engaged in a protest campaign in front of the corporation premises. This was to show the displeasure of the statement made by Minister Kanchana Wijesekera that the corporation should be restructured.