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Govt defends electoral mandate, condemns Opposition's 'backdoor' moves

Srilanka, May 18 -- A political standoff is brewing as the Opposition parties, led by the Samagi Jana Balawegaya (SJB) and Opposition Leader Sajith Premadasa, have stepped up efforts to form Local Cou... Read More


Sticking to reform path key, as situation is yet dicey - Treasury Secretary

Srilanka, May 18 -- Sri Lanka has achieved a number of positive outcomes which have begun to yield results due to prudential macroeconomic policies, fiscal discipline and debt management under the IMF... Read More


Substandard fertiliser case: More arrests soon?

Srilanka, May 18 -- This follows the Colombo Chief Magistrate's Court issuing an arrest warrant against former Agriculture Minister Mahindananda Aluthgamage over the importation of the substandard con... Read More


Vehicle bids exceed Govt Valuer's estimates - PMD

Srilanka, May 18 -- Government sources yesterday refuted some mainstream and social media reports that vehicles have been vastly undervalued at the recent auction of luxury Government vehicles. Accor... Read More


Global dragnet to nab local crime bosses

Srilanka, May 18 -- Eleven persons identified as members of organised criminal groups have been repatriated to Sri Lanka over the past six months through coordinated efforts between Sri Lankan law enf... Read More


Fed leaves rates unchanged

Sri Lanka, May 11 -- Despite pressure from President Donald Trump to lower interest rates, the Federal Reserve on Wednesday left its benchmark rate unchanged. The Central Bank maintained its target r... Read More


"Implementation of plan is more important"

Sri Lanka, May 11 -- Roadmaps to achieve goals are important but its implementation by the stakeholders is much more important, said Global Coordinator, Sustainable Banking and Finance Network (SBFN),... Read More


Time to accelerate reforms and create conditions for private enterprises to thrive - World Bank

Sri Lanka, May 11 -- The World Bank Group has launched a major initiative to support job creation and unlock private sector growth in Sri Lanka, backed by over $1 billion in financing over three years... Read More


Vehicle market in delicate recovery phase despite regaining momentum - CMTA

Sri Lanka, May 11 -- The recent easing of import restrictions marks a vital milestone for Sri Lanka's automotive sector. After nearly four years of halted imports, the market is cautiously regaining m... Read More


Affirmative action needed by Govt. organisations - Prof. Weddikkara

Sri Lanka, May 11 -- In the past two decades, the labour force and the number of employed in Sri Lanka have shown steady growth, but the overall labour force participation and employment rates have re... Read More