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Sri Lanka issues Red Alert as flood threat grows, death toll rises to two

COLOMBO, May 15 -- Sri Lanka's Department of Meteorology on Friday (15) issued a red alert for heavy rainfall across several parts of the island as intense showers, rising river levels and flooding th... Read More


Sri Lanka may need 18th IMF program amid mounting external shocks, economist warns

COLOMBO, May 15 -- Sri Lanka may have to seek an 18th program with the International Monetary Fund (IMF) as mounting external shocks threaten to undermine the country's fragile economic recovery ahead... Read More


CBSL checks banks after NDB fraud, no similar cases found says Governor

COLOMBO, May 14 -- The Central Bank of Sri Lanka (CBSL) directed all licensed banks to examine whether fraud similar to the alleged multi-billion-rupee misappropriation at the National Development Ban... Read More


Indian's IOS Sagar arrives in Colombo with multinational crew from 16 nations

COLOMBO, May 14 -- Indian Naval Ship Sunayna, deployed as IOS Sagar with a multinational crew representing 16 countries, is scheduled to arrive at the Port of Colombo on Friday (15) as part of India's... Read More


Court rejects defence objection in Yoshitha Rajapaksa money laundering case

COLOMBO, May 14 -- The Colombo High Court on Thursday (14) rejected a preliminary objection raised by the defence in the money laundering case against Yoshitha Rajapaksa, the son of former President M... Read More


Sri Lanka dengue cases rise above 27,000 amid monsoon warning

COLOMBO, May 14 -- Sri Lanka has recorded 27,754 dengue cases and 14 related deaths so far this year, health officials said, warning that the onset of monsoon rains could lead to a further surge in in... Read More


Red alert issued for heavy rains, as thousands affected across Sri Lanka

COLOMBO, May 14 -- Sri Lanka's Department of Meteorology on Thursday (14) issued red alert for heavy rainfall exceeding 100 millimetres in several parts of the country, as a low-pressure system northe... Read More


India grants Rs 600 million for new medical complex at Mullaitivu Hospital

COLOMBO, May 12 -- Sri Lanka and India have begun implementing a major healthcare infrastructure project in Mullaitivu following the signing of a Memorandum of Understanding (MoU) for the construction... Read More


Mahinda Rajapaksa questioned by Bribery Commission over SriLankan Airbus deal

COLOMBO, May 12 -- Former Sri Lankan President Mahinda Rajapaksa appeared before the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on Tuesday (12) and recorded a statement in... Read More


Proposed Bankruptcy Law sparks debate over giving priority to tax authorities over creditors

COLOMBO, May 11 -- A proposal to give Sri Lanka's Inland Revenue Department (IRD) priority over other creditors in recovering unpaid taxes under a new bankruptcy and corporate restructuring law has co... Read More