News

Muditha Peiris, Chairman of Lito gas Company, says that the price of gas will be reduced in the future by more than the recently increased price. He mentions that, based on the global gas price, the gas price is expected...

Another man's body, believed to be around 40 years old, was discovered on Galle face beach this morning. This is the second dead body discovered on the Galle estuary beach in three days. The body has been deposited at the...

The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said in its latest situation report on Sri Lanka.

President Ranil Wickremesinghe says it is not the right time for former President Gotabaya Rajapaksa to return to the country as it could inflame political tensions, the Wall Street Journal reported. "I don't believe it's the time for him to...

According to the Central Bank of Sri Lanka (CBSL), the country's merchandise trade balance recorded a surplus in June 2022 for the first time in 20 years, for the first time since August 2002. CBSL notes the trade balance surplus...

The Sri Lanka Treasury states that the Government of Sri Lanka is awaiting advice from its legal and financial advisors. The International Monetary Fund (IMF) has urged Sri Lanka to commence discussions on restructuring its debt with bilateral lender China....

Sri Lanka Tourism Development Authority (SLTDA) Chairman Priantha Fernando stated that the country should 'get its act together' before November. September is generally a lean month in any given year and arrivals would pick up in November, considered as a...

According to the Ministry of Highways, the contentious tender for the third phase of the Central Expressway has been cancelled due to the country's poor economic conditions. Speaking to the media, a Ministry source revealed that the tender process for...

Sri Lankan Airlines was likely advised to pay the interest on its bond due in 2024 due to the complexity of restructuring it together with sovereign and other external debt. The airline may have been concerned about the adverse consequences...

Tamils for Biden call for a process to disarm the Sri Lanka military, similar to what occurred in Bosnia in 1993. A U.S.-based Tamil diaspora group, Tamils for Biden, is calling the arming of Sri Lanka a danger to democracy...