Business

Arjun Aloysius, Director of W.M. Mendis Distilleries, and two others, who were serving a jail term for defaulting on a payment of Rs. 3.5 billion in Value Added Tax (VAT) by the company, were released from prison two months early based on their good behavior within the prison.

Sri Lankan mountaineering champion Johann Peiris arrived at the Bandaranaike International Airport (BIA) in Katunayake early this morning (Feb. 24) after successfully summiting Mount Vinson in Antarctica and Aconcagua in South America.

The government’s approval rating rose sharply after the election, from 24% in July 2024 to 62% in February 2025, when the latest round of the Gallup style ‘Mood of the Nation’ poll was conducted by Verité Research

After receiving the first batch of vehicles, the price of a brand-new Bajaj RE three-wheeler will be Rs. 1,995,000.

The spot gold price is trading at record highs and targets the psychological $3000 mark amid flight-to-safety inflows due to growing uncertainties regarding the Ukraine-Russia war and US President Trump’s tariff threats.

An individual named Gayan Wickramathilake, who allegedly maintained the ‘OnmaxDT’ database, has been arrested by the Criminal Investigation Department (CID) in Dubai for the alleged fraudulent pyramid scheme.

India and Sri Lanka on Saturday held a meeting to strengthen ties between both the countries in the areas of critical minerals, exploration, and mining.

The Cabinet of Ministers has approved the proposal presented by the Minister of Power and Energy to take further necessary

The Sri Lankan government’s budget highlights the authorities’ commitment to raising fiscal revenues as a share of GDP – an approach that, if successful, would alleviate a long-standing weakness in the sovereign’s credit profile, says Fitch Ratings.

The government has allocated Rs.3 billion for its digital transformation strategies this year, as part of its efforts to generate US $ 15 billion in revenue through the digital economy by 2030.