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Court dismisses petition over alleged Rs. 13.2 billion NDB fraud

Sri Lanka, Oct. 12 -- The Colombo Commercial High Court on Friday dismissed a petition filed by M. Thiyagaraja seeking permission to initiate legal action against National Development Bank PLC (NDB), ... Read More


Sri Lanka advances legal reforms to regulate virtual assets and service providers

Sri Lanka, Oct. 12 -- Sri Lanka has stepped up efforts to regulate virtual assets and virtual asset service providers (VASPs), with the Government pursuing legal reforms to strengthen financial oversi... Read More


Jha calls for improved investment climate to boost Indian investment in Sri Lanka

Sri Lanka, Oct. 12 -- Sri Lanka must improve its investment climate to attract greater investment from India, particularly in ports and logistics, energy and shipbuilding, Indian High Commissioner to ... Read More


Private sector credit growth slows for second consecutive month in August

Sri Lanka, Oct. 12 -- Borrowing by Sri Lanka's private sector from the banking system slowed for a second consecutive month in August, with net credit increasing by Rs. 105.7 billion month-on-month (M... Read More


Man dies after being hit by train

Sri Lanka, Oct. 12 -- A 35-year-old resident of Dankotuwa died after being struck by a train at the Kiragara railway crossing in Wennappuwa Boralessa. Wennappuwa police stated that the incident occur... Read More


Chamara Sampath Dassanayake produced in court over 8.1 million rupee bribery case

Sri Lanka, Oct. 12 -- The former minister and Badulla District Member of Parliament, Chamara Sampath Dassanayake, who was arrested over an alleged bribe of 8.1 million rupees, was produced before cour... Read More


Former minister Chandima Weerakkody leaves Bribery Commission after nearly six hours

Sri Lanka, Oct. 12 -- The former minister and former Deputy Speaker, Chandima Weerakkody, left the Commission to Investigate Allegations of Bribery or Corruption after appearing before it for nearly s... Read More


North Korea fires several ballistic missiles off its east coast

Sri Lanka, Oct. 12 -- North Korea fired several ballistic missiles towards the sea off its east coast on Monday, according to the South Korean military. It was the fourth missile test carried out by ... Read More


Heavy rains of up to 150 mm expected in four provinces tomorrow

Sri Lanka, Oct. 12 -- The Department of Meteorology says heavy rain of between 100 and 150 millimetres may occur at some places in the Central, Sabaragamuwa, Uva and Southern provinces tomorrow, the 1... Read More


Shiranthi Rajapaksa admitted to Colombo National Hospital

Sri Lanka, Oct. 12 -- Shiranthi Rajapaksa, the wife of former President Mahinda Rajapaksa, was admitted to the cardiology unit of the Colombo National Hospital. She was admitted to ward 62 of the hos... Read More