Sri Lanka’s current administration is under fire after sugar taxes were cut to 25 cents from 50 rupees a kilo when one trader in particular had imported unusually large volumes of sugar and sold them far above the cleared price, arbitraging the taxes... The opposition charged that a large c...

The first COPE report of the first sessions of the present Parliament which was tabled in the House has revealed that there has been serious weaknesses in the process of evaluating bids by the Lanka Coal Company Ltd., for purchasing coal, causing huge losses while procu...

State Minister for Rural Roads Nimal Lansa said it would additionally cost as much as Rs.8 billion for the construction of the Central Expressway if its original route was altered to protect ‘Crudia Zeylanica’ tree.  

China will endorse a US $ 500 million loan and a currency swap arrangement of two billion Yuan (around US $ 600 million) to Sri Lanka within the next couple of weeks… http://e...