Mercantile Investments (MI), one of Sri Lanka’s leading financial service providers, has entered into a strategic partnership with IDEAL Motors to offer attractive leasing solutions for the Mahindra ...

COLOMBO -Owners of a Singapore-registered vessel urged Colombo on Aug 15 to consider more “rational” compensation after they were ordered to pay US$1 billion (S$1.28 billion) in damages for causing ...

Performances in N.Y.C. Advertisement Supported by Critic’s Pick At Japan Society, “Nihon Buyo in the 21st Century,” a rare showcase in New York of this style of Japanese dance, forges a link between ...

A video from 2021 of a container ship on fire in the Indian Ocean has been falsely claimed online to show the aftermath of a January 2024 attack by Yemen’s Houthi militants on a U.S.-owned bulk ...

COVID-19 severely hit the economy, causing a loss of tourism receipts and necessitating several strict lockdowns. Pre-pandemic tax cuts and the impact of COVID-19 led to fiscal deficits larger than 10 ...

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Sri Lanka on February 25, 2022. Sri Lanka has been hit hard by COVID-19. On ...

This year’s Corruption Perceptions Index (CPI) reveals that corruption levels are at a worldwide standstill. The CPI ranks 180 countries and territories around the world by their perceived levels of ...

COLOMBO, Feb 11 (Reuters) - Workers' remittances, a major source of foreign exchange in Sri Lanka, dropped to a 10-year low at $5.49 billion in 2021, central bank data showed on Friday, as the country ...

President Gotabaya Rajapaksa’s 2019 election manifesto promised ‘Vistas of Prosperity and Splendour’. Professionals for a Better Future (Viyathmaga) were to implement his programs, which would achieve ...

Heavy rains across southern India and Sri Lanka have killed at least 41 people, authorities said on Thursday, with weather forecasters expecting the downpours to ease in the next few days as stricken ...

Priyantha Fernando* (34) was heading home after a typical day’s work when his motorcycle crashed into a lorry. His wife and two children saw their lives changed instantly when they lost the family’s ...

Sri Lanka is facing a food crisis. In 2021, The Sri Lankan rupee fell against the US dollar by 7.5 percent, triggering food inflation of 10 percent. On August 30, 2021, Sri Lankan President Gotabaya ...