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US$2.5 Mn loan repayment loss a definite cybercrime and theft: COPF chief

Sri Lanka, July 10 -- Committee on Public Finance (COPF) Chairman Harsha de Silva told Parliament today that the loss of US$2.5 million during the repayment of a loan to Export Finance Ltd., Australia... Read More


Intermittent rain, dense fog disrupt traffic in Central Hills

Sri Lanka, July 10 -- Intermittent rain and dense fog have affected the western slopes of the Central Hills, disrupting traffic and reducing visibility on several main roads, police said. The Nuwara ... Read More


Veteran singer Mariazelle Goonetilleke passes away

Sri Lanka, July 10 -- Veteran Sri Lankan singer Mariazelle Goonetilleke has passed away at the age of 68. She passed away in the early hours of Friday (July 10) while receiving treatment for an illnes... Read More


Bantug says meeting with VP aide purely administrative

Manila, July 9 -- Impeachment Clerk of Court and Senate Secretary Renato Bantug Jr. on Thursday clarified that his meeting with Vice President Sara Duterte's chief of staff, lawyer Zuleika Lopez, deal... Read More


Sri Lanka's AI adoption shows technical depth despite lagging global rankings

Sri Lanka, July 9 -- Sri Lanka's engagement with artificial intelligence (AI) presents a complex picture, marked by lower-tier positions in several global readiness indices but highlighted by a highly... Read More


TAL Lanka to raise Rs.1.87bn via rights issue for debt restructuring and Taj Samudra refurbishment

Sri Lanka, July 9 -- TAL Lanka Hotels PLC, the operator of Taj Samudra Colombo, has announced a major rights issue to raise Rs.1.87 billion to stabilise its balance sheet and fund the ongoing property... Read More


VIASL pushes for business-friendly import policies

Sri Lanka, July 9 -- The Vehicle Importers Association of Sri Lanka (VIASL) has reaffirmed its commitment to pushing for policy reforms and resolving the key regulatory issues affecting the country's ... Read More


Indices close in red

Sri Lanka, July 9 -- Indices closed in red as a result of price losses in counters such as Sampath Bank, Hayleys and Dialog Axiata with the turnover crossing Rs. 2.2bn. Crossings were witnessed in J... Read More


IMF holds talks with RARMB on revenue reforms

Sri Lanka, July 9 -- A special discussion between the Revenue Administration Reform and Modernisation Bureau (RARMB), which operates under the direct supervision of the Presidential Secretariat, with ... Read More


Yield curve edges up amidst minimal trading activity

Sri Lanka, July 9 -- Trading activity in the secondary market yesterday was limited with thin volumes, while the yield curve slightly edged up across the board. Over 2030 segment, 01.08.2030 and 15.... Read More