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Policy rate hike intended to curb excess borrowing: CBSL Governor

Sri Lanka, May 26 -- The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe says that increasing policy interest rates leads to a rise in market interest rates. Speaking at a ... Read More


School teacher dies after being swept away while swimming in Kirinda Sea

Sri Lanka, May 26 -- A school teacher has died after drowning while swimming in the sea at Kirinda Beach, police said. A group of teachers and students from a school in Badalkumbura had gone swimming... Read More


Passenger arrested at BIA with over 8kg 'Kush' cannabis

Sri Lanka, May 26 -- A Sri Lankan passenger attempting to smuggle a consignment of 'Kush' cannabis, estimated to be valued at Rs. 83.65 million, into Sri Lanka was arrested by officers of the Sri Lank... Read More


South-West monsoon establishes over Sri Lanka, increased rainfall expected

Sri Lanka, May 26 -- The south-west monsoon has established over the island, and an increase in rainfall is expected across the south-western parts of the country, according to the Department of Meteo... Read More


Cabinet approves sale of 115,000 MT paddy stocks held by Paddy Marketing Board

Sri Lanka, May 26 -- The Cabinet of Ministers has granted approval to proceed with the sale of paddy stocks currently held by the Paddy Marketing Board. The approval has been granted based on a propo... Read More


Another coal vessel arrives amid ongoing quality dispute

Sri Lanka, May 26 -- Another vessel carrying coal anchored near the Colombo Port has sparked controversy after concerns were raised regarding its compliance with tender specifications, the Free Lawyer... Read More


Sri Lanka's banking sector assures stability, equipped to address fraud incidents

Sri Lanka, May 26 -- Sri Lanka's banking sector has provided a collective and categorical assurance that it remains stable, resilient, and secure despite a few recent isolated incidents of financial f... Read More


Sugeeshwara Bandara summoned by police over protest near Finance Secretary's residence

Sri Lanka, May 26 -- The Talangama Police has summoned a group including leader of the 'Nava Janatha Peramuna', Sugeeshwara Bandara to provide statements regarding an incident that took place during a... Read More


Court lifts overseas travel ban imposed on ex-Minister Rajitha Senaratne

Sri Lanka, May 26 -- The Colombo Magistrate's Court has temporarily lifted the overseas travel ban imposed on former Minister of Fisheries Rajitha Senaratne, who is currently out on bail in connection... Read More


Sri Lanka expected to record highest ever migrant remittances by end of 2026: SLBFE

Sri Lanka, May 26 -- The Chairman of the Sri Lanka Bureau of Foreign Employment (SLBFE), Koshala Wickramasinghe, stated that Sri Lanka is expected to record the highest volume of migrant worker remitt... Read More