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Sri Lanka to give monthly allowance to over 9,000 children in detention homes

COLOMBO, July 14 (Xinhua) -- Over 9,000 children living in detention homes in Sri Lanka will receive a monthly allowance of 5,000 rupees (about 17 U.S. dollars) starting Tuesday, according to Minister of Women and Child Affairs Saroja Savithri...

It borders on cringe, but this international seafood chain restaurant is hat-worthy

It borders on cringe, but this international seafood chain restaurant is hat-worthy

Sri Lanka’s Ministry of Crab has a constitution, is home to Crabzilla and feels positively out of place in Melbourne in 2025. But the service is faultless, and all the seafood is exceptionally good. Save You have reached your maximum number of...

GovPay Crosses 50 Organisations & Announces Plans for Future of Government Digital Payments

GovPay Crosses 50 Organisations & Announces Plans for Future of Government Digital Payments

At a media conference held today, the Information Communication Technology Agency (ICTA), in collaboration with LankaPay and under the guidance of the Ministry of Digital Economy, showcased the growing success of GovPay, Sri Lanka’s official...

Before joining cabinet, public safety minister wrote immigration support letters for terror group ‘member’

Before joining cabinet, public safety minister wrote immigration support letters for terror group ‘member’

Before he was appointed to the federal cabinet two years ago, Public Safety Minister Gary Anandasangaree wrote letters urging Canadian officials to approve the immigration application of a man they had determined was a member of a terrorist...

Toward a multi-polar international monetary system

Toward a multi-polar international monetary system

The US DOLLAR. What are the options? COMMENT | Maya Majueran – XINHUA | A multi-polar international monetary system envisions a global financial architecture in which multiple currencies, rather than a single dominant one such as the U.S. dollar,...

Sri Lanka shares gain for third straight week, shake off Trump’s 30% tariff

Sri Lanka shares gain for third straight week, shake off Trump’s 30% tariff

Sri Lankan shares logged their third straight week of advances on Friday, shrugging off news that U.S. President Donald Trump’s 30% tariff is set to come into effect on August 1 and buoyed by hopes that trade talks between the nations would...

Sri Lanka promises structural reforms, financial viability of SOEs to IMF

Sri Lanka promises structural reforms, financial viability of SOEs to IMF

ECONOMYNEXT – Sri Lanka government has committed to continue reforms to the International Monetary Fund on state-owned enterprises (SOEs) including settlement pf legacy debts and limiting foreign borrowing, the latest IMF document showed. Sri...

Sri Lanka rupee closes weaker, bonds steady

Sri Lanka rupee closes weaker, bonds steady

ECONOMYNEXT – Colombo All Share Price Index has surpassed 18,500 mark, hitting a fresh record high on Friday after US president Donald Trump reduced Sri Lanka’s tariffs to 30 percent, down 14 percent, brokers said. “Market was very bullish today....

Sri Lanka stocks rise 2.09-pct topping 18,500 after Trump eases tariffs

Sri Lanka stocks rise 2.09-pct topping 18,500 after Trump eases tariffs

ECONOMYNEXT – Colombo All Share Price Index has surpassed 18,500 mark, hitting a fresh record high on Friday after US president Donald Trump reduced Sri Lanka’s tariffs to 30 percent, down 14 percent, brokers said. “Market was very bullish today....

Sri Lanka apparel sector braces for tariff fallout

Sri Lanka apparel sector braces for tariff fallout

US President Donald Trump has expanded his aggressive trade policy by adding Sri Lanka to a growing list of nations subject to sweeping new tariffs.In a letter, Trump recently announced that beginning August 1, 2025, all goods imported into the...

No country for migrants: How the world has fallen out of love with immigration

No country for migrants: How the world has fallen out of love with immigration

From “world citizens” to “citizens of nowhere”, migrants have been on a long downhill journey amid a rising tide of xenophobia across the Western world. And now the world’s most powerful political leader has lent it new legitimacy. US President...

Sri Lanka, Bangladesh Discuss Boosting Ties in Trade, Tourism, and ICT

Sri Lanka, Bangladesh Discuss Boosting Ties in Trade, Tourism, and ICT

Sri Lanka’s High Commissioner to Bangladesh, Dharmapala Weerakkody, paid a courtesy call on the newly appointed Foreign Secretary of Bangladesh, Ambassador Asad Alam Siam, during which the two sides held extensive discussions on enhancing...

Sri Lanka apparels to get duty free access to UK with Asian or African inputs

Sri Lanka apparels to get duty free access to UK with Asian or African inputs

ECONOMYNEXT – Sri Lanka’s apparel markers are in discussions with the government to raise a para tariff on finished clothes by 300 to 400 to block access to foreign goods to local customers, an apparel official said. Yashotharan Paramanantham,...

Sri Lanka Group expands investment in Fiji

Sri Lanka Group expands investment in Fiji

EXPANSION plans in Fiji by Sri Lankan conglomerate Aitken Spence PLC through its subsidiary company Elpitiya Plantations has finally made progress since initially exploring opportunities in the country last year. Aitken Spence PLC, a prominent Sri...

Sri Lanka’s Electricity Amendment Bill 2025: Trojan Horse for national economic collapse

Sri Lanka’s Electricity Amendment Bill 2025: Trojan Horse for national economic collapse

If enacted without significant reform, this Bill will not just destabilise Sri Lanka’s energy sector—it will effectively sign the death warrant of Sri Lanka’s economic sovereignty The National People’s Power Government rose to power promising...

Sri Lanka cruise to seven-wicket win over Bangladesh in first T20I

Sri Lanka cruise to seven-wicket win over Bangladesh in first T20I

Sri Lanka delivered a dominant display to thump Bangladesh by seven wickets in the first T20I of the three-match series at Pallekele International Cricket Stadium in Kandy on Thursday, riding on a record-breaking Powerplay effort from openers...

Sri Lanka to continue talks as US tariff cut seen as ‘good start’

Sri Lanka to continue talks as US tariff cut seen as ‘good start’

Sri Lanka expects to continue negotiations with the US after President Donald Trump’s decision to reduce tariffs on the island nation is seen as a “good start” by Colombo which had primarily negotiated to preserve its competitive advantage,...

Sri Lanka steamroll Bangladesh to win first T20

Sri Lanka steamroll Bangladesh to win first T20

PALLEKELE - Sri Lanka drew first blood in the three-match T20I series with a comprehensive seven-wicket win over Bangladesh at Pallekele on Thursday, coasting home with an over to spare. Chasing a modest target of 155, skipper Charith Asalanka...

SL Vs BAN, 1st T20I Highlights: Sri Lanka Beat Bangladesh By Seven Wickets In Opener, Take 1-0 Lead In Series

SL Vs BAN, 1st T20I Highlights: Sri Lanka Beat Bangladesh By Seven Wickets In Opener, Take 1-0 Lead In Series

Sri Lanka's Janith Liyanage, left, and Dushmantha Chameera bump fists after scoring runs during the first T20I cricket match between Sri Lanka and Bangladesh in Colombo, Sri Lanka. AP Photo/Eranga Jayawardena Here are the highlights of the first...

UK unveils reforms to simply imports from countries like Sri Lanka

UK unveils reforms to simply imports from countries like Sri Lanka

The UK government unveiled a package of reforms to simplify imports from developing countries like Sri Lanka. Upgrades to the Developing Countries Trading Scheme (DCTS) make it easier for businesses to trade with the UK and help lower prices on...

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