An internal investigation into an alleged large-scale fuel fraud at Sri Lanka’s Norochcholai Lakvijaya coal power plant has found that diesel worth more than Rs160 million issued for the facility was not
Editorial In the midst of our nation’s turmoil, the Central Bank of Sri Lanka, entrusted with safeguarding the financial well-being of the populace, stands accused of advancing its own interests under the
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Hong Kong Customs on Friday announced that it had dismantled a large-scale transnational money laundering syndicate, which had laundered about 14 billion Hong Kong dollars (about 1.79 billion US dollars) through transnational
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With the wisdom of hindsight, the Root Causes of Sri Lanka’s first-ever Sovereign Default, staged three years ago on the eve of 75 years of ‘Independence’ from the British Raj are clear. When the
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On January 25, China’s top anti-corruption agency, the Central Commission for Discipline Inspection (CCDI), revealed on its official website that it received 1.057 million allegation reports in 2023. Out of these, 626,000
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World Bank aid encourages governments to enable illicit financial outflows to offshore tax havens by reducing capital controls, thus draining precious foreign exchange and government resources. Aiding elite wealthAid disbursements to highly
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Benjamin Franklin, a founding father of the United States of America and a drafter and signer of its Declaration of Independence wrote centuries ago that “our new Constitution is now established, and
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In a recent audit, the Ministry of Mass Media has come under intense scrutiny as the latest Audit General Report unveils a series of financial irregularities and operational failures within the ministry
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by Our Correspondent in Geneva In the hallowed halls of Geneva, Channel 4’s documentary makers faced unsettling questions about their allegations, met with a wall of silence. Their recent documentary, which delved
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EXCLUSIVE by Our Correspondent in Colombo In a recent revelation, the Asian Infrastructure Investment Bank (AIIB) has expressed profound dissatisfaction with Sri Lanka for failing to utilize the 100 million emergency fund
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We Lankans are famous (or should we say notorious?) for frequently talking like the proverbial fisherman boasting about “the one that got away.” In our case we are fond of recalling where
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In a document released by Senator Charles Grassley, an FBI informant’s explosive claims have emerged, suggesting that Hunter Biden was hired by Ukrainian gas firm Burisma Holdings to utilize his father’s influence
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The Ceylon Chamber of Commerce is concerned about recent developments in the healthcare sector, particularly regarding the quality of pharmaceutical products procured for the public healthcare system. While the shortage of essential
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“Never attribute to malice what can be adequately explained by stupidity” Summary: A letter from UGC Chairman Senior Professor Sampath Amaratunga to the Ministry of Education officials has recently surfaced making note
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Religious scriptures , mythological stories and speeches and writings of scholars advocate that love and compassion for others should be the central focus of the thought process of everyone. It is said
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South Eastern University of Sri Lanka has had a very steady growth during the last two decades since its establishment. As a significant success story of the university, the establishment of the
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