WB loans US $69.33 mn for Kandy Multimodal Transport Terminal Project The Government of Sri Lanka and the World Bank signed a loan agreement for US $69.33 million for the Kandy Multimodal Transport Terminal Development Project, which...

The Health Ministry has failed to recover Rs 51 million from the contractor, who undertook the construction of the seven-storey Millennium Ward Complex at the Colombo South Teaching Hospital in Kalubowila, after the contactor failed to complete the work on time. This wa...

The United States has offered Sri Lanka support to manage its debt and find a more sustainable path forward. The US Ambassador to Sri Lanka, Alaina B. Teplitz told journalists at a media roundtable that the Sri Lankan Government must look at its debt burden realisticall...

The Central Bank has extended the suspension on banks from purchasing Sri Lanka-issued international sovereign bonds (SLISBS) till April 23 in a bid to ward off the pressure on the rupee.