Governor of the Central Bank of Sri Lanka (CBSL) has urged licensed commercial banks to take immediate measures to adequately reduce lending rates in view of the recent reduction of policy interest rates.

A 50 MW solar power plant proposed for Sampur, following the cancellation of the controversial coal power plant, is yet to commence construction due to the delay in finalising the energy transmission line and Power Purchasing Agreements (PPAs),

Sri Lanka Buddhist temples and pirivena schools will get a relief from paying high electricity bills following the government's decision to install solar power units at these places of religious worship.

Gives ultimatum to investors who are currently working on projects on government-owned lands to restart projects

It was an emotional moment for all those attending the convocation of Jaffna University on Thursday (20) when the mother appeared on the stage to receive the degree certificate of her son who had died in an accident

Labour and Foreign Employment Minister Manusha Nanayakkara requested Japan International Resource Office (IRO) Director Suga Katsukai to explore the possibilities of recruiting more Sri Lankan youth as technical trainees in Japan.

Indian Foreign Secretary Vinay Mohan Kwatra said land connectivity between India and Sri Lanka was proposed by Sri Lankan President Ranil Wickremesinghe.

The Health Ministry has acknowledged that a total of 63 drugs have failed quality tests in 2023, Additional Secretary to the Health Ministry, Dr. Saman Rathnayake, disclosed during a news briefing held at the Ministry auditorium yesterday.

Rohan Fernando, Chairman of Sri Lanka Telecom (SLT), has been removed from his post. Accordingly, Fernando said that the Board of Directors have removed him from his post as the Chairman of SLT.

The Japan Maritime Self-Defense Force (JMSDF) Destroyer SAMIDARE today (20) arrived at the port of Colombo on an official visit, the Sri Lanka Navy said.

Sri Lanka has already notified India that the Indian Rupee is a designated foreign currency in its system, revealed Indian External Affairs Ministry Spokesperson Arindam Bagchi on Thursday (20).

Sri Lanka and India are expected to take decisions regarding connectivity dimensions in maritime, air, energy and trade domains, an authoritative source said.

The European Commission has suggested that the current GSP+ (Generalised Scheme of Preferences Plus) scheme be extended by 04 years, amidst the ongoing negotiations for the EU’s new GSP+ arrangement.

Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation’s representative on the International Monetary Fund executive board.

The Sri Lankan government and World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances.

JStaffers of the Bandaranaike International Airport (BIA) in Katunayake have reportedly launched a protest outside the premises of the airport, based on several demands.

In its bid to revive the economy in the long run, Sri Lanka has initiated steps to join the world's largest free trade zone called 'Regional Comprehensive Economic Partnership (RCEP) ', a trade grouping of countries including key world economies such as China, Australia and Japan.

The Employees Provident Fund (EPF), Sri Lanka’s largest superannuation fund, was the predominant holder of Government Treasury Bonds at the end of 2022, according to PublicFinance.lk.

In the wake of ever increasing electricity bills, a large number of Sri Lankan households desist from using electricity due to economic hardships.

The number of electricity consumers who have a reading of zero on their meters, as a result of apparently not using electricity is increasing rapidly.

According to the Public Utilities Commission, the number of households who have refrained from using electricity and therefore have a zero meter reading after the increase in electricity tariffs has increased from 350,000 households to over 500,000 households.   

In a significant development, Alliance Air has commenced daily commercial flights between Chennai and Sri Lanka’s Jaffna city, taking travel and trade between the two countries to new heights.