Sri Lanka's Central Bank Governor said that the country is open to consider the option of a Debt-for-Nature Swap if a request is made. He made this comment to Reuters in Washington, DC. When asked if the country would consider debt-for-nature swaps for all its overseas creditors, Weerasinghe s...

The government of Sri Lanka launched a project for a passenger ferry service between the port of Kankasanthurai, Sri Lanka and Pondicherry, India to provide a more affordable and convenient mode of transportation. In support of this project, the Sri Lanka Navy has commenced facility expansion of th...

By Jehan Perera Colombo (News 1st) - Today, there are people living in two worlds within Sri Lanka—one set of people able to ride the wave and getting high while the other set of people are getting trapped in the undercurrents and dragged down. There is a powerful social media campaign...

COLOMBO (News 1st); The Pelwatte and Sevanagala sugar companies were taken over by the state via the Underperforming Enterprises and Underutilized Assets Act. At present, these two companies operate under the Lanka Sugar Company (Pvt) Ltd - a fully government owned company. Following the COVID pan...

COLOMBO (News 1st); The Federation of University Teachers' Associations has decided to rejoin with university academics from the 17th of April 2023. The decision was reached following a meeting that went on until early on Wednesday (12) morning, and the official announcement was made later in t...