by Our Correspondent in Colombo Reports claiming that Shiranti Rajapaksa, the wife of former President Mahinda Rajapaksa, left Sri Lanka despite having been summoned by the Financial Crimes Investigation Division (FCID) have
Sri Lanka’s banking sector has been shaken by a massive internal fraud at National Development Bank PLC, with losses now estimated at up to Rs 13.2 billion, triggering widespread concern over governance
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Sri Lanka’s sports administration has come under intense scrutiny after Dayasiri Jayasekara, a Member of Parliament from the Samagi Jana Balavegaya, raised serious allegations against the National Olympic Committee of Sri Lanka,
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by Our Correspondent in Colombo Sri Lanka is facing a deepening political crisis as Energy Minister Kumara Jayakody is set to resign from his post, citing ongoing legal proceedings against him. The
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A recent audit report issued by the National Audit Office has exposed significant financial losses in Sri Lanka due to the procurement of substandard coal, raising serious concerns about oversight and economic
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CK Hutchison Holdings Ltd. has initiated arbitration in London against A.P. Moller-Maersk A/S following Panama’s forced takeover of its two ports, intensifying a high-stakes dispute over strategic assets along the Panama Canal.
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India is moving away from cheaper China-made high-speed cameras for highway tolls, citing security concerns, and is instead sourcing equipment from suppliers in the US, Germany, and Taiwan, according to people familiar
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EVE Energy Co., one of China’s leading lithium-ion battery manufacturers, announced plans to build two new plants with a combined annual capacity of 110 gigawatt-hours at a total investment of 11 billion
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Fatih Birol, the Turkish economist and executive director of the International Energy Agency (IEA), has issued stark warnings about the escalating global energy crisis as the Strait of Ormuz remains blocked, keeping
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The latest Population and Housing Census report released in Sri Lanka shows that the nation’s total population has reached 21,781,800, marking a significant increase over the past decade. Compared to the 2012
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Jamie Dimon, chief executive of JP Morgan, has sounded a stark warning about the growing risks in private credit, signaling that the industry may be far more vulnerable than investors realize. In
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Sri Lanka is beginning to feel the strain of global conflict as disruptions to key trade routes drive up prices and restrict the supply of essential food items, raising fresh concerns about
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Sri Lanka’s government is facing intensifying criticism for what many observers describe as a defiant and dismissive response to corruption allegations against Energy Minister Kumara Jayakody, choosing to keep him in power
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Sri Lanka’s tourism industry is facing a significant downturn as escalating military tensions disrupt travel and deter international visitors, officials have confirmed. Deputy Tourism Minister Ruwan Ranasinghe stated that foreign tourist arrivals
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Farmers across Sri Lanka are raising serious concerns over a shortage of urea fertilizer, warning that the situation is already disrupting cultivation activities in several agricultural regions. Farmer organizations report that the
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Sri Lankan authorities have launched a major crackdown on foreign nationals, primarily Chinese, engaged in large-scale internet-based financial fraud, with arrests now reaching into the hundreds as the cybercrime wave spreads across
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