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Railway track cleared after earth collapse near Kadigamuwa Station

Sri Lanka, Oct. 14 -- Train services, delayed after part of an earth mound collapsed near Kadigamuwa Railway Station onto the track, are operating without obstruction. The train departing Colombo For... Read More


Court hands suspended prison term to 'Dubai Sudda'

Sri Lanka, Oct. 14 -- A five-year suspended prison sentence was imposed by the Kuliyapitiya Magistrate's Court on Ranthatige Nishshanka Priyadarshana, alias 'Dubai Sudda', after he was found guilty of... Read More


STF arrests two alleged gunmen linked to 'Palani Canister'

Sri Lanka, Oct. 14 -- The main shooter and a rider belonging to the group of 'Palani Canister', who is said to be an organized criminal and a large-scale drug trafficker operating from abroad, were ar... Read More


President welcomes lifting of death penalty for Anojan in Saudi Arabia

Sri Lanka, Oct. 14 -- The lifting of the death penalty imposed on Anojan Sivarasa, who was sentenced to death in Saudi Arabia, was highlighted in a note posted by President Anura Kumara. The note was... Read More


Namal calls for credit bureau reforms in 2027 Budget

Sri Lanka, Oct. 14 -- Expansion of loan access opportunities for individuals who completely settled past loans is requested through a letter sent to the President. This request came from Sri Lanka Pod... Read More


Sri Lanka sells 100 billion rupees in 2029, 2031, and 2036 bonds

Sri Lanka, Oct. 14 -- Sri Lanka sold 100 billion rupees in 2029, 2031, and 2036 bonds, according to data from the public debt management office. All offered 20 billion rupees of 15 September 2029 bon... Read More


IPS calls for investment- and export-led growth to sustain Sri Lanka's recovery

Sri Lanka, Oct. 14 -- Sri Lanka must move away from debt-financed spending, tax concessions and import-intensive consumption to sustain its economic recovery, the Institute of Policy Studies of Sri La... Read More


IMF warns AI investment slump could cut Asia's output by 1.7%

Sri Lanka, Oct. 14 -- A sharp reversal in artificial intelligence (AI) investment could leave Asia's economic output 1.7% below forecasts, the second-largest regional impact after the United States am... Read More


Treasury signals no immediate tax cuts in 2027 Budget

Sri Lanka, Oct. 14 -- Businesses should not expect tax cuts in the 2027 Budget, with the Treasury signalling that the Government will instead focus on reforms, digitalised tax administration and a Wor... Read More


Sri Lanka opens dollar bond issue to foreign investors and expatriates

Sri Lanka, Oct. 14 -- The Government plans to raise up to US$300 million through a Domestic Dollar Bond (DDB) issue, Treasury Secretary Dr. Harshana Suriyapperuma said yesterday, with the offer being ... Read More