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Colombo Law Society urges President to abandon plan to extend judges' retirement age

Sri Lanka, July 3 -- The Colombo Law Society (CLS), a premier professional association serving attorneys-at-law in Sri Lanka has urged President Anura Kumara Dissanayake to refrain from proceeding wit... Read More


Rakitha, Chatith and Aruna further remanded

Sri Lanka, July 3 -- Colombo Chief Magistrate Asanga S. Bodaragama today ordered that Attorney-at-Law Rakitha Nirmala Rajapaksha, Samagi Jana Balawegaya (SJB) Horana Organiser Charitha Wasantha Kumara... Read More


Wasantha Karannagoda granted bail

Sri Lanka, July 3 -- Colombo Chief Magistrate Asanga S. Bodaragama today ordered the release on bail of former Commander of the Sri Lanka Navy, Admiral of the Fleet Wasantha Kumara Jayadeva Karannagod... Read More


Indices close in red

Sri Lanka, July 1 -- The ASPI closed in red as a result of price losses in counters such as Dialog Axiata, John Keells Holdings and Windforce with the turnover crossing Rs. 1.7 Bn. A similar behaviour... Read More


Nordic investors channel US$ 35mn into Sri Lanka's MSME sector via LB Finance

Sri Lanka, July 1 -- LB Finance PLC has secured US$ 35 million in long-term funding from Norway's Norfund and Sweden's Swedfund. The deal is expected to channel fresh foreign capital into Sri Lanka's... Read More


Duminda Hulangamuwa takes helm at BOI

Sri Lanka, July 1 -- President Anura Kumara Dissanayake yesterday announced the appointment of his Senior Economic Adviser Duminda Hulangamuwa as the new Chairman of the Board of Investment (BOI). Ac... Read More


Food and energy costs push Sri Lanka inflation to 6.8% in June

Sri Lanka, July 1 -- Headline inflation accelerated further in June, rising above the Central Bank's 5 percent target as higher domestic energy prices linked to the Middle East conflict continued to f... Read More


Construction firms report strong project pipeline despite mounting cost pressures

Sri Lanka, July 1 -- Sri Lanka's construction sector regained momentum in May as a steady flow of new project awards helped drive activity back into expansion territory, offering fresh evidence that i... Read More


PHIs raid tobacco betel dansala; suspect taken to Court

Sri Lanka, July 1 -- An individual who held a dansala in Saliyawewa area to serve quids of betel containing tobacco on Poson Full Moon Poya day ended up in courts. Public Health Inspectors carried ou... Read More


Fmr. Energy Minister Kumara Jayakody grilled by Presidential Commission on coal deals

Sri Lanka, July 1 -- The Presidential Commission of Inquiry probing alleged irregularities in coal procurement questioned former Energy Minister Engineer Kumara Jayakody for nearly two hours and recor... Read More