Latest News
PAYE tax threshold to be revised through 2027 Budget
President Anura Kumara Dissanayake has announced that t...
Pelawatte enforces luxury hotel ban on deputy minister
The ruling party’s central command in Pelawatte has sla...
Business
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State banks drive 1H SOE gains as SriLankan Airlines sinks deeper
51 major State-Owned Enterprises (SOEs) reported a combined profit of Rs. 259.3 billion in the first half of 2026, marking a notable increase from Rs. 227.8 billion in the corresponding period of the ...
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Small business VAT non-filing rates jump to 19%
Non-filings of Value Added Tax among Sri Lankan businesses increased during the first quarter of 2026 despite simultaneous gains in overall on-time submission rates.
The finding was published by the ...
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Private sector warns govt. over impact of new anti-terror bills on investor confidence
The Ceylon Chamber of Commerce has warned the government that enacting vaguely defined anti-terrorism and crime legislation could severely damage investor confidence and threaten crucial international...
4
Access Engineering hit by Rs. 310 million loss as Colombo Port mega-project collapses
Access Engineering PLC has formally notified the Colombo Stock Exchange that shareholders of South Asia Commercial and Logistics Hub Limited have mutually agreed not to proceed with the South Asia Com...
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LOLC rejects social media claims over People’s Bank borrowing
LOLC Holdings PLC has rejected social media claims that its local-currency borrowing from state-owned People’s Bank put public money at risk, saying the facility is secured against a US dollar deposit...
World
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Global tech stocks plunge as US midterms add to AI slowdown fears
Trillions of dollars has been wiped off the stock value of major tech firms in the US, Europe and Asia in a market rout after the US midterm elections sparked concerns of a slowdown in artificial inte...
2
Paraguay’s president quits after millions of people’s savings frozen in bank crisis
Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse
Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a politica...
3
Trump says Republicans harmed by Iran war, inability to 'transfer the love' for him
US President Donald Trump said on Wednesday (Nov 4) the Iran war has been worth it despite acknowledging its role in losses in US midterm elections in which his Republican party lost control of Congre...
4
Spanish transport minister resigns days after deadly train crash
Spain's Transport Minister Óscar Puente has resigned - six days after the high-speed train collision in which at least 69 people were killed and dozens injured.
He announced his decision in Congress,...
5
US military conducts strikes on Iran’s Qeshm Island in defensive operation, officials say
The US military carried out limited strikes on Iran’s Qeshm Island on Monday, three US officials told CNN, characterizing the action as defensive in nature and meant to protect US assets in the region...
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Pelawatte enforces luxury hotel ban on deputy minister
The ruling party’s central command in Pelawatte has slapped an extraordinary ban on a deputy minister over an incriminating video recording.
Our distinguished politician firmly believes he is the gov...
2
Big chair in big trouble at Diyawanna
Life at the edge of Diyawanna Oya has turned into a magnificent theatrical production, with the gentleman holding Parliament's biggest chair finding himself at the center of a rapidly boiling politica...
3
Former President Mahinda sends letter from hospital to remanded son Namal
Former President Mahinda Rajapaksa, who is currently receiving treatment in hospital, has reportedly sent a letter containing specific remarks to his son, Member of Parliament Namal Rajapaksa, who is ...
4
Compass legal heavyweight zips lip as constitutional drama unfolds
A prominent President's Counsel who played a major role in building the ruling Compass movement is reportedly maintaining a strict silence these days.
Grapevine chatter suggests the senior lawyer's s...
5
A kickback tale
There is a gentleman who was quite vocal about the economic development of the country in recent times.
He is now a shining star in the current administration.
Recently, a certain Sri Lankan investo...
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