A former governor of Sri Lanka's central bank has been accused of insider trading by a damning presidential report into a high-profile bond scandal that cost the island millions.
The long-awaited inquiry recommended the state recover a $4.4 million loss caused by the actions of then bank chief Arjuna Mahendran in 2015.
He leaked sensitive information to his son-in-law Arjun Aloysius, aRead more
Sri Lanka's government on Thursday deployed troops to help regions stricken by a major storm which killed seven people with five others missing, authorities said.
Powerful winds and torrential rain battered much of the island late Wednesday, toppling trees and damaging buildings.
More than 20,000 people have been affected by the storm, according to disaster management centre spokesman Pradeep Kodippily,Read more
Sri Lankan Prime Minister Ranil Wickremesinghe has instructed the police chief to maintain tight security in the areas of the southern Galle District affected by clashes involving Buddhist and Muslim groups, a statement from his office said on Sunday.
The violent clashes that erupted on Friday night caused damage to property in the town called Gintota in the southern districtRead more
Sri Lanka customs arrested an India-bound air passenger attempting with "difficulty" to smuggle nearly one kilogram (2.2 pounds) of gold stuffed in his rectum, a spokesman said Monday.
Officials were alerted when the 45-year-old Sri Lankan behaved "suspiciously" at Colombo airport's departure lounge on Sunday, spokesman Sunil Jayaratne said.
"He was called for a thorough screening after customs officers noticedRead more
Skipper Virat Kohli hit a blazing half-century as India completed their rout of Sri Lanka on this tour, winning the one-off Twenty20 by seven wickets in Colombo on Wednesday.
Chasing 171 for victory, India rode on a 119-run second-wicket stand between Kohli (82) and Manish Pandey (51 not out) to achieve their target with four balls to spare.
The visitorsRead more
Abdulhamid Kazim Al Mulla, UAE Ambassador to Sri Lanka, met on Wednesday with Nimal Siripala de Silva, Sri Lankan Minister of Transport and Civil Aviation.
They discussed bilateral relations and ways of furthering co-operation between the two countries, especially in civil aviation affairs.Read more
Sri Lanka is launching an investigation into the woeful state of cricket on the island, the sports minister said Thursday, amid a string of humiliating losses and calls for an administrative overhaul.
Dayasiri Jayasekera said he was inviting former administrators, players, sports experts and journalists to brainstorm ideas about how to revive the game, beloved in Sri Lanka.
"I amRead more
Sri Lanka on Saturday sealed a billion-dollar deal to let a Chinese state firm take over a loss-making port in a move that has been opposed by unions and worries the island’s neighbors.
The long-delayed $1.1 billion sale of a 70 percent stake in Hambantota port, which straddles the world’s busiest east-west shipping route, was confirmed by Sri Lanka’s PortsRead more
Openers Dimuth Karunaratne and Upul Tharanga helped Sri Lanka reach 56-0 at tea on Monday after the hosts were set a record 388 to win the one-off Test against Zimbabwe.
Karunaratne (29) and Tharanga (27) took the attack to the opposition bowlers as Zimbabwe unleashed an all-spin assault on the fourth day of the match at the R. Premadasa stadiumRead more
Sri Lanka deployed hundreds of soldiers to destroy mosquito breeding grounds as the country battles the spread of deadly dengue fever that has killed a record 215 people this year, officials said on Sunday.
Humid monsoon weather, stagnant water from recent flooding, as well as mounting piles of rotting garbage accumulating in the capital, have combined to create abundant areasRead more