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US$715 Million Gone: Another financial black hole

Sri Lanka, July 24 -- The revelation before Parliament's Committee on Public Finance (CoPF) that nearly US$715 million may have been remitted overseas using allegedly false import documents is not mer... Read More


US-Iran war of attrition escalates: Bab al-Mandeb becomes flashpoint

Sri Lanka, July 24 -- For two weeks running, the United States has been conducting daily bombing raids across Iran. In response, Iran has been firing drones and missiles at US military bases in Kuwait... Read More


Bank Profits Must Never Come Before Compliance

Sri Lanka, July 24 -- The recent decision by the Central Bank of Sri Lanka (CBSL) to impose penalties on several leading banks and financial institutions for violating the Financial Transactions Repor... Read More


Debate on no-confidence motion on Justice Minister Harshana Nanayakkara underway

Sri Lanka, July 24 -- The debate on the no confidence motion on Justice Minister Harshana Nanayakkara got underway in Parliament a short while ago. The motion was moved by MP Ajith P. Perera in the ... Read More


Expired medicines: Are financial penalties alone an adequate deterrent? - Former envoy Kananathan

Sri Lanka, July 24 -- Every day, thousands of Sri Lankans walk into hospitals and laboratories believing that every medicine they receive, every blood test conducted and every diagnosis made is govern... Read More


President's timely intervention secures 10% US tariff rate, says Mahinda Samarasinghe

Sri Lanka, July 24 -- Strong Bilateral relations between the United States and Sri Lanka, timely action and relevant directives on the part of the President, hard work and focused negotiations by the ... Read More


Birthday party shooting victim dies

Sri Lanka, July 24 -- A 39-year-old man who was critically injured in a shooting at a birthday party in Wattala has died after being admitted to the Colombo National Hospital, police said. The shooti... Read More


Commotion in Parliament following warrant issued on MP Archchuna

Sri Lanka, July 24 -- A commotion flared up in Parliament after MP Ramanathan Archchuna claimed a warrant has been issued to arrest him for failing to attend courts today. Leader of the Opposition S... Read More


Rs. 150 million worth assets earned from drug money freezed

Sri Lanka, July 24 -- Police have freezed Rs. 150 million worth of assets said to have been illegally accumulated by two individuals in Dewanigoda, Rathgama. The Criminal Investigation Department (CI... Read More


Sri Lanka explores house arrest to ease severe prison overcrowding

Sri Lanka, July 24 -- The Government is considering introducing house arrest and other technology-based alternatives to imprisonment as part of broader legal reforms to address severe overcrowding in ... Read More