COLOMBO (News 1st):- Former Central Bank Governor Ajith Nivard Cabraal commented on the bond scam during a recent meeting organized by the Sri Lanka Trade Development Council in Weligama. He said "I hope you recall the manner in which the then Central Bank Governor and the former Prime Minister li...

Colombo (News 1st): President Gotabaya Rajapaksa has agreed to give a permanent solution for the environment as well as public issues surrounding the Norochcholai coal power plant. The President held discussions with Archbishop Malcolm Cardinal Ranjith and other clergy, residents, and environmentali...

Colombo(News 1st) -  The transport of the coal to the Norochcholai Coal Power plant has been based on an agreement between the Lanka Coal Company and the Ceylon Shipping Corporation. The Ceylon Shipping Corporation is a holding company of the Lanka Coal Company. This organization has not been given ...

COLOMBO (News 1st) - The general public is facing a number of difficulties due to a disruption in the power supply since last afternoon(March 18). The blackout is a result of a technical error in generator 2 of the Norochcholai coal power plant. The Ministry of Power and Renewable Energy state...

Colombo (News1st) - The increasing outflow of US dollars for various imports had had a severe impact on the Sri Lankan economy as well as the value of the Rupee. According to the Central Bank, a major portion of Sri Lanka's US dollars is spent on importing fuel. The cost incurred by the state in ...