Sri Lanka’s former Sports Minister Mahindananda Aluthgamage was arrested on Monday over an alleged financial fraud amounting to $340,000 committed during the tenure of the previous government. Aluthgamage arrived at the Financial Crimes Investigations Division (FCID) in Colombo to record a …
Cinnamon Hotels & Resorts showcased destination weddings through their 10 properties in Sri Lanka to the Indian market. The hotel hosted a group of wedding planners from India that constituted of representatives from weddings and events companies l…
ECONOMYNEXT – Sri Lanka stocks gained 0.19 percent Monday on thin trading volumes after the long New Year weekend, while gilt yields increased across all tenures and the rupee weakened against the US dollar, brokers and dealers said. The US dollar clos…
Investing.com – Sri Lanka stocks were higher after the close on Monday, as gains in the Power & Energy, Information Technology and Construction & Engineering sectors led shares higher. At the close in Colombo, the CSE All-Share gained 0.19%. Th…
Former Pakistan legspinner Mushtaq Ahmed is among those being considered by Sri Lanka Cricket for the position of spin bowling coach. Mushtaq, who has expressed interest in the position, has previously worked with England and Pakistan. The board is als…
ECONOMYNEXT – The World Bank says Sri Lanka’s economy will rebound in 2018 with annual growth averaging 4.5 percent in the medium term, driven by private consumption and investment but warned against delaying reforms. “A further slowdown in reform implementation, in a challenging political …
The High Commissioner of Pakistan, Major General (R) Dr. Shahid Ahmad Hashmat briefed the delegates about the overall bilateral relations between Pakistan-Sri Lanka and the role of the High Commission. During their foreign study visit, the delegates wi…
Colombo: Sri Lankan police Monday arrested a leading dissident within President Maithripala Sirisena’s party, deepening political tensions on the island after the head of state suspended parliament. Mahindananda Aluthgamage, a former sports minister, was held over 39 million rupees (Dh918,522 or …
Sri Lanka is set to introduce a cost-reflective transparent fuel pricing, based on international market prices, next month. This new transparent mechanism will be submitted for cabinet approval in the next two weeks, Finance Ministry sources disclosed….
ECONOMYNEXT – Sri Lanka’s President Maithripala Sirisena has arrived in London for the 2018 Commonwealth Heads of Government Meeting (CHOGM), where he will also address a business forum, his office said. President Sirisena and Mrs Sirisena was welcomed by Sri Lanka’s High Commission …