A prominent Muslim political leader in Sri Lanka and his brother were arrested over the weekend due to their suspected connection to the 2019 Easter Sunday suicide bombings of three churches and three …
Historic agreement signed to implement Sri Lanka Transit Card
In a groundbreaking move towards revolutionizing the transport sector, the Ministry of Transport and the Central Bank played lead roles to get the key stakeholders to sign a four-party agreement to …
Sri Lanka firms allowed to borrow forex abroad
Sri Lanka firms have been allowed to borrow abroad and units of foreign companies have been allowed to borrow from parents without specific approval through new directions issued under Sri Lanka’s …
Softlogic Finance successfully completes Rs. 1 bn securitisation
Softlogic Finance PLC successfully raised Rs. 1 billion through the issuance of a Lease Receivables Securitization, marking one of the major securitizations in the industry to date in Sri Lanka, the …
Sri Lanka secures US $ 69.5mn WB loan to improve water resources
The Government of Sri Lanka and World Bank signed a US $ 69.53 million credit agreement to improve dams and irrigation schemes covering 165,000 hectares of agricultural land and improve the management …
The Latest: Sri Lankan police arrest face mask violators
COLOMBO, Sri Lanka — Sri Lankan police are arresting people who fail to wear face masks and maintain social distancing in public places, as the number of COVID-19 patients rapidly …
WB loans US $69.33mn for Kandy Multimodal Transport Terminal Project
The Government of Sri Lanka and the World Bank signed a loan agreement in the amount of $69.33 million for the Kandy Multimodal Transport Terminal Development Project, which will develop the Good Shed …
Sril Lanka and Bangladesh draw weather-affected 1st test
Bangladesh comfortably batted out the final session of the fifth day to draw the weather-affected first test against Sri Lanka on Sunday. With a lead of 107 runs and two sessions left, Sri Lanka had …
SL vs BAN: First Test Between Sri Lanka vs Bangladesh Ends In Draw
Persistent rain forced umpires to call off the game and the first Test match ended as a draw between Sri Lanka and Bangladesh.
When Jack Eden lost his job in the Asian financial crisis, Sri Lanka called and he never looked back
The grandnephew of 1950s British prime minister Anthony Eden tells Mark Footer how he transitioned from Hong Kong banker to pioneering holiday villa entrepreneur in Sri Lanka.