President Ranil Wickremesinghe said that the economy could not be built through the reconciliation alone and the economic development rate of the country depends on the attitude and commitment of the people, President’s Media Division (PMD) said.

Japanese giant Mitsubishi Corporation has decided to wind up operations in Sri Lanka next month after being an integral part of bilateral ties and some of the country’s key infrastructure projects for nearly 60 years.

The aggrieved party of late businessman Dinesh Schaffter today informed court that they have noticed several contradictions and inconsistencies in the postmortem report compiled by the Colombo Judicial Medical Officer.

The country has lost an estimated revenue of Rs.1 billion due to several crucial sectors launching a protest today, inconveniencing millions of citizens and leading to roads being blocked in the business hub of Colombo, senior economists said today.

A circular has been issued by the Inland Revenue Department exempting employees from paying PAYE tax on non-cash benefits such as for vehicles, fuel allowances, housing and medical benefits which have been provided to employees at their places of emp

In another human trafficking scheme, nearly 100 young Sri Lankan graduates, mostly men have been lured to work in the Golden Triangle Special Economic Zone (SEZ) in Laos, known as the home of Southeast Asia’s transnational organised crime networks.

The Paris Club members have expressed their commitment to negotiate a debt restructuring with Sri Lanka in accordance with the comparability of treatment principle and with the goal of restoring debt sustainability, the President’s Media Division (

Disclosing the expenses of the Independence Day celebration, the President’s Office said the government spent only Rs. 11 million on the 75th National Independence Day celebrations this year.

Jakarta Police have begun investigations into the death of Managing Director of OPEX Holdings and billionaire businessman, 45 year old Onesh Subasinghe, whose body was found in a serviced apartment in Jakarta, Indonesia

Senior and highly respected business leader Chandra Schaffter yesterday spoke his heart out about his youngest son Dinesh and his untimely death on 15 December. Here is the full text of Chandra’s statement first since the death of Dinesh, a young i

Managing Director of OPEX holdings and billionaire businessman, Onesh Subasinghe has been found dead in a serviced apartment in Jakarta, Indonesia, informed sources said.

President Ranil Wickremesinghe said regardless of the obstacles the anarchist political forces seek to create, he will continue the new reform program with the majority of people who love this country.

China’s Foreign Ministry Spokesperson Mao Ning said today that the Export-Import Bank of China will provide an extension on the debt service to Sri Lanka due in 2022 and 2023, which means Sri Lanka will not have to repay the principal and interest

The latest Sri Lanka Opinion Tracker Survey (SLOTS) polling shows that the public continue to have deeply unfavourable views of all major political party leaders.

The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.

US Under Secretary of State for Political Affairs Victoria Nuland said her country expects China as the largest bilateral creditor to Sri Lanka to give credible assurance to Sri Lanka’s debt restructuring in keeping with the IMF.

An extraordinary gazette notification with regard to the holding of the local government election on March 9, 2023, has been issued.

Sri Lanka is still in the midst of its worst-ever economic crisis and just a few months ago defaulted on its debt payments for the first time in history.

Power and Energy Minister Kanchana Wijesekara said that a charge sheet related to the removal of the chairman of the Public Utilities Commission of Sri Lanka (PUCSL) Janaka Ratnayake is being prepared and will be presented to the Parliament soon.

Another member of the Election Commission has reportedly received death threats over the phone last night.

China’s offer to Sri Lanka of a two-year moratorium on its debt is not suf­ficient to clear the path for the International Monetary Fund (IMF) to approve a funding programme, diplomatic sources told Daily Mirror.

President Ranil Wickremesinghe has prorogued Parliament till February 8, 2023, President’s office said.

President Ranil Wickremesinghe said today that Sri Lanka must celebrate the 75th Independence Anniversary, if not, the world would say that Sri Lanka is not capable of celebrating even its independence.

Member of Election Commission P. M. S. Charles resigned from her post while Chairman of the commission Nimal Pumchihewa is also expected to follow suit, a spokesman from the President’s office said.

The Human Rights Commission of Sri Lanka (HRCSL) said today that the parties that gathered at the HRC had agreed not to impose power cuts until the end of the Advanced Level Examination from today.

As businesses across diverse sectors are still hoping for some relief by way of debt moratoria, the Central Bank yesterday indicated that it does not encourage the continuity of such packages as that could take a heavy toll on the banking sector.

A schoolgirl sitting for the GCE Advanced level Examination at an examination center in Kegalle town was hospitalised with burn injuries when a young man waylaid her and forced her to drink acid.

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

The Colombo Chief Magistrate’s Court today informed that the cause of death into the death of businessman Dinesh Schaffter has not yet been determined by the court.

The Inspector General of Police (IGP) has called for a report from the Senior DIG in charge of the Western Province about the actions of Keselwatta Police for filing a B report before Colombo Chief Magistrate’s Court against a group of lawyers.