Sri Lanka's first research satellite RAAVANA-1 built by two Sri Lankan youths is set to be launched into space this April, marking our entrance into the space age, an official of the Arthur C Clarke Institute said. RAAVANA-1 which is...
The Slovak Government paid a fine of Rs 10.85 million imposed on five Slovak nationals found guilty of illegally collecting endemic animal and plant species from the Sinharaja Rainforest. Environmentalists say the fine is the largest ever imposed under the...
Sri Lanka has the highest real interest rate in South Asia at 6.2 percent, Bloomberg said today. It said real interest rates in South Asia are among the highest in the world, raising the prospect of more dovish monetary policy...
SriLankan airlines has incurred a loss of US$12.5 million or Rs.1.72 billion between 2006 and 2018 because of its failure to re-deliver 14 leased aircraft to the lessor before the deadline, the PCoI on irregularities at SriLankan, SriLankan catering...
COLOMBO (Reuters) - The Sri Lankan rupee ended weaker on Tuesday, as foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on market sentiment ahead of a key ruling by the island nation’s...
Sri Lanka had been ranked second among the countries most affected by extreme weather events in 20 years since 1998 in the Global Climate Risk Index 2019. The Long-Term Climate Risk Index listed Sri Lanka, Puerto Rico as the top...
Moody's Investors Service today downgraded Sri Lankan Government's foreign currency issuer and senior unsecured ratings to B2 from B1 and changed the outlook to stable from negative. In a statement, it said the decision to downgrade the rating to B2...
COLOMBO, Nov 16 (Reuters) -The Sri Lankan rupee closed steady on Friday, hovering near its all-time low hit in the previous session, as political uncertainty outweighed the positive impact of a policy rate hike, sources said. Stocks closed weaker due...
The country is currently facing a non-righteous debt situation and it could lead to a debt crisis if not tackled early, Governor of Central Bank Indrajit Coomaraswamy said. The Governor made these observations when he testified at the Presidential Commission...
Four young chefs were preparing Sri Lankan food for an upcoming event when a gas explosion scorched their pop-up kitchen on Wednesday night, leaving them with severe burns. All four people were in a stable condition at Canberra Hospital on...

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